Air Canada puts Air Alliance up for sale

Article Abstract:

Air Canada has decided to sell off its regional carrier Air Alliance Inc. of Ste-Foy, Quebec, to an independent operator. Air Canada spokeswoman Priscille LeBlanc expressed hope that this other party would be able to convert Air Alliance into a commuter carrier using small and more efficient airplanes. Air Canada has hired RBC Dominion Securities Inc. of Toronto, Ontario, to set up the sale of Air Alliance since Air Canada itself does not know what the firm is worth, stated LeBlanc. However, Air Canada would like the buyer of Air Alliance to permit the carrier to remain within the Air Canada network.

Comment:

Has been hired by Air Canada to set up the sale of Air Alliance of Quebec

Asset sales & divestitures, Securities Dealers, Investment Banking and Securities Dealing, Use of services, Contracts & orders received, Ontario, Scheduled Passenger Air Transportation, Scheduled Air Passenger Svc, RBC Dominion Securities Ltd., Article, Air Alliance

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Schwartz still in hunt for 'well-known' name

Article Abstract:

Gerald Schwartz of Onex Corp. searches for a well know Canadian company to acquire after an attempt to merge Canadian Airlines International with Canada Airlines is withdrawn.

Acquisitions & mergers, Air Transportation, Scheduled, And Air Courier Services, Financial Holding Companies, Offices of Bank Holding Companies, Holding Offices, Management, Mergers, acquisitions and divestments, Financial services industry, Financial services, Canadian Airlines International Ltd., Schwartz, Gerald, Onex Corp., OCX

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