03:30 PM EST - Air Canada : provided the following update on the expected impact related to Aveos Fleet Performance Inc.'s (Aveos) filing for creditor protection under the Companies' Creditors Arrangement Act on its first quarter 2012 results and progress on transitional and long-term arrangements following Aveos's cessation of operations. Aveos was a separate and independently owned and managed supplier to Air Canada that provided aircraft, engine and component maintenance services to airlines, including Air Canada. The company also revealed first quarter 2012 results (scheduled to be released May 4) will include charges totaling $120 million. Air Canada
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