ACE Aviation Holdings

ACE Aviation Holdings Inc.

Type	Public
Traded as	NEX: ACE.H
Industry	Airline
Founded	Montreal, Quebec (2004)
Headquarters	Montreal, Quebec
Key people	Robert A. Milton - Chairman, President & CEO, ACE Aviation Holdings Inc.
Products	Passenger Air & Cargo Travel
Revenue	$10 billion CAD
Number of employees	33,090 (2008)[1]
Website	aceaviation.com

ACE Aviation Holdings Inc. is a Canadian holding company that is the former parent company of Air Canada. It is headquartered in Montreal.^[2]

History

ACE Aviation Holdings Incorporated was created as Air Canada emerged from bankruptcy in 2004. One of the more significant changes was the merging of its six small airlines into Air Canada and Air Canada Jazz.

The company plans a wind up and will distribute its assets back to its shareholders by no earlier than mid-2013. The corporate website continues to operate until all assets are fully disposed of. The company no longer has a board and executive with liquidation being managed by Ernst and Young.

Former operating divisions

• Aeroplan – (sold off and now owed by Aimia)
• Air Canada – (sold off)
• Air Canada Cargo – (transferred to Air Canada)
• Air Canada Ground Handling Services – (transferred to Air Canada)
• Jazz Aviation LP – (sold off and now owned by Chorus Aviation and operates as contractor for Air Canada)
• Aveos Fleet Performance Inc. (formerly known as Air Canada Technical Services) - (ceased operations in 2012 with remaining assets acquired by Lockheed Martin Canada)
• Air Canada Vacations – (transferred to Air Canada)

References