ACE Aviation Holdings "neutral"

08/25/06 - UBS

NEW YORK, August 25 (newratings.com) - Analysts at UBS maintain their "neutral" rating on ACE Aviation Holdings (HV7A). The target price is set to C$33.

In a research note published this morning, the analysts mention that according to media reports, the company is set to acquire a 10% stake in Varig. With the potential deal with Varig, ACE Aviation Holdings would be able to monetise its excess capacity to benefit its shareholders, the analysts say.