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Onex and Air Canada extend closure of Aeroplan sale to end of April

Canadian Press

Tuesday, March 11, 2003

MONTREAL (CP) - The closing date on the sale of a part of Air Canada's Aeroplan unit to conglomerate Onex Corp. has been extended by a month to the end of April.

The two companies announced in late January that Onex had agreed to pay $245 million for a 35 per cent stake in Aeroplan - a price that could increase to $350 million if Aeroplan meets performance targets. The deal was originally slated to close by the end of March.

http://www.canada.com/montreal/story.asp?id=02FC0E27-BE02-4BD2-910F-48BA42DD9580

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