Aircastle's biggest shareholder to reduce stake
Aircraft-leasing Aircastle Ltd. said its biggest shareholder, hedge fund Fortress Investment Group LLC, will reduce its ownership stake by offering up to 5 million shares of its common stock, about 6.9% of the total outstanding.
ACE Aviation Holdings Inc. , which owns 75 per cent of Air Canada, said it is again delaying a special shareholders meeting that would have cleared the way for dissolving the holding company.