ACE Aviation, Air Canada Parent, May Use Stock Swap to Dissolve

ACE Aviation Holdings Inc. (ACE/H), the parent of Air Canada (AC/A) that's planning to dissolve, may wind up the company with a stock swap rather than doing a cash purchase of the 25 percent of the airline it doesn't own.

``A buyout of the minority shareholding for cash is less likely at this time,'' Chief Financial Officer Brian Dunne said today on a conference call with analysts. ``We've come to the view that perhaps a share exchange might be more appropriate,'' he said, without elaborating on how that would be done.

To contact the reporter on this story: Hugo Miller in Toronto on hugomiller@bloomberg.net

To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net

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