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Air Canada (AC) in the news

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ACE Aviation Holdings Inc., operator of Canada's largest airline, said investors will get C$603 million ($513 million) in shares of its Aeroplan loyalty-rewards program and regional carrier Jazz under a 2006 payout plan...
 
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Air Canada will cut up to 2,000 jobs, or 7% of its workforce, and said Tuesday it is slashing capacity like other major carriers beset by record fuel prices...

Following CO and others in slashing....
 
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