GELCO &lt;GEL> TO SELL CANADIAN COURIER UNIT

  Gelco Corp said it signed a letter
  of intent to sell its Canadian courier unit, Gelco Express Ltd,
  to Air Canada for about 54 mln dlrs (U.S.).
      It said consummation of the transaction depends on
  execution of a definitive agreement, which is expected in May.
      As part of its restructuring plan, Gelco had announced that
  it would sell four business units. Gelco Express Ltd was one of
  the companies scheduled for divestiture.
  

