Rahul Sharma (Editor)

ACE Aviation Holdings

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Type
  
Public

Industry
  
Airline

Headquarters
  
Montreal, Canada

Founded
  
1936, Montreal, Canada

Traded as
  
NEX: ACE.H

Revenue
  
$10 billion CAD

Founder
  
Robert Milton

Number of employees
  
33,090

Key people
  
Robert A. Milton - Chairman, President & CEO, ACE Aviation Holdings Inc.

Products
  
Passenger Air & Cargo Travel

Stock price
  
ACV (FRA) € 0.11 0.00 (0.00%)27 Feb, 8:05 AM GMT+1 - Disclaimer

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

Contents

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

    ACE Aviation Holdings Wikipedia
    (Text) CC BY-SA