Airline

Air Canada expects $120m charge on Aveos shutdown

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Air Canada expects $120m charge on Aveos shutdown

Air Canada is expecting to take a $120-million charge in its first quarter caused mainly by the closure of Aveos Fleet Performance in March. The charge includes “a non-cash loss on investments of $65-million resulting from the 2010 restructuring of Aveos” and “a liability and corresponding lo...

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