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By Associated Press
6/23/2007
MONTREAL (AP) -- Air Canada parent Ace Aviation Holdings Inc. is selling a 70 percent stake in its aircraft maintenance, repair and overhaul subsidiary for $639 million to a group that includes KKR Private Equity Investors.
The deal, also involving investment firm Sageview Capital LLC, values the entire ACTS LP unit at $912 million.
Ace will retain a 30 percent stake in the business, and said Air Canada will remain its largest customer.
Other ACTS customers include Canada's Defence Department, Air Transat, JetBlue Airways Corp., US Airways Group Inc. and UAL Corp.'s United Airlines.
http://www.tulsaworld.com/business/article...5_E6_spanc13007
By Associated Press
6/23/2007
MONTREAL (AP) -- Air Canada parent Ace Aviation Holdings Inc. is selling a 70 percent stake in its aircraft maintenance, repair and overhaul subsidiary for $639 million to a group that includes KKR Private Equity Investors.
The deal, also involving investment firm Sageview Capital LLC, values the entire ACTS LP unit at $912 million.
Ace will retain a 30 percent stake in the business, and said Air Canada will remain its largest customer.
Other ACTS customers include Canada's Defence Department, Air Transat, JetBlue Airways Corp., US Airways Group Inc. and UAL Corp.'s United Airlines.

http://www.tulsaworld.com/business/article...5_E6_spanc13007