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ACE Aviation Holdings Inc. announces executive appointment
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Datum nieuwsfeit: 25-01-2006 |
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Air Canada
Attention Business/Financial Editors:
ACE Aviation Holdings Inc. announces executive appointment
MONTREAL, Jan. 25 /CNW Telbec/ - Robert Milton, Chairman, President and
CEO of ACE Aviation Holdings Inc. (ACE) today announced the appointment of
Chahram Bolouri as President and CEO of Air Canada Technical Services (ACTS).
Mr. Milton said, "I am pleased to welcome Chahram on board as President
and CEO of ACTS. His expertise and background will provide ACTS with the
strategic direction and leadership required to maximize the value of this
important ACE subsidiary by broadening its customer base, while improving
profitability."
Reporting directly to the CEO of ACE, Mr. Bolouri will be responsible for
developing and executing strategies which support ACE's business objective of
growing ACTS as a stand alone company with an emphasis on third party
revenues. He was formerly President, Global Operations at Nortel. During his
23 years with Nortel, he held a number of key executive positions, and is
credited for building strategies which leveraged service offerings globally,
transforming worldwide business operations and processes to become more
responsive and competitive while enhancing profit margins and improving
customer satisfaction. He holds a Bachelor in Industrial Engineering from
Polytechnique de Montreal. His appointment is effective January 30, 2006 and
he will be based in Montreal.
"ACTS is uniquely positioned to capitalize on significant business
opportunities in the MRO industry and I look forward to the opportunity of
leading a dynamic team with a strong reputation for safety, reliability and
quality service," said Mr. Bolouri.
Mr. Bolouri replaces Bill Zoeller who is retiring after 31 years with Air
Canada. "Bill played a key role in building ACTS into a world class MRO
provider," said Mr. Milton. "Under his leadership, ACTS successfully leveraged
its MRO expertise and knowledge of commercial airline operations to grow its
third party revenues by securing major agreements with leading airlines,
including Delta Air Lines and Jet Blue. I salute and thank him for his strong
contribution to Air Canada throughout his career."
Reporting to Mr. Bolouri are: Mark Swearingin, Executive Vice President,
Eastern Operations, Basil Papayoti, Vice President & Chief Commercial Officer;
Pat Iaconi, Vice President & Chief Financial Officer; John Imber, Vice
President, Corporate Resources and Ron Elvidge, Vice President, Western
Operations.
Air Canada Technical Services, a limited partnership of ACE Aviation
Holdings Inc. is a full-service Maintenance, Repair and Overhaul (MRO)
organization that provides airframe, engine and component maintenance and
various ancillary services to a wide range of more than 100 global customers,
including Air Canada, Air Canada Jazz, Delta Air Lines, JetBlue, US Airways,
United Airlines, ABX, Mexicana, Snecma Services, Chromalloy, Lufthansa
Technik, International Lease Finance Corporation (ILFC) and Canada's
Department of National Defence. Montreal-based ACTS operates maintenance
centers across Canada with a combined workforce of 4,100 employees and has
major bases in Montreal, Toronto, Winnipeg and Vancouver.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
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This discussion contains certain forward-looking statements, which
involve a number of risks and uncertainties. As a result of many factors
including acts or potential acts of terrorism, international conflicts,
government regulations and government mandated restrictions on operations and
pricing, fuel prices, industry restructuring, labour negotiations, the
economic environment in general including foreign exchange and interest rates,
the airline competitive and pricing environment, industry capacity decisions
and new entrants as well as external events, actual results could differ from
expected results and the differences could be material.
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