10:04 AM EST - ACE Aviation Holdings Inc. : announced long-awaited details of its plan to spin off Air Canada on Thursday, saying it will raise $525 million that will be used in part to fund the purchase of new aircraft. The shares in the airline will be priced at $21 per share in its initial public offering. ACE Aviation Holdings Inc.
shares T.ACE are trading down 16 cents at $38.00.
