AIR CANADA TO ACQUIRE CALGARY COURIER COMPANY

  Air Canada, the state-owned airline,
  said it signed a letter of intent to acquire 65 pct of EMS
  Corp, a Calgary-based messenger service which operates in
  Western Canada and the U.S..
      Gelco Corp (GEL) earlier said Air Canada agreed to buy its
  Canadian Gelco Express Ltd unit for 54 mln U.S. dlrs.
      Air Canada said the acquisitions will complement its main
  cargo business. It said it expects the courier market to grow
  by about 25 to 30 pct a year.
  

