ACE Aviation Holdings
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ACE Aviation Holdings Inc.
(Pink Sheets:ACEAF)
(Toronto:ACE)
|
5100 de Maisonneuve Blvd. West Montreal, Quebec H4A 3T2, Canada Tel. 514-422-6644 Fax 514-422-0296 |
Type: Public
On the web:
http://www.aceaviation.com
Employees:
6
Employee growth: (100.0%)
Canadian holding company ACE Aviation has been spinning off its operating businesses as freestanding companies and in early 2012 signaled its willingness to throw in the towel completely. ACE began accelerating its divestment activities in late 2010 when it trimmed its operations and started liquidating its assets, including its remaining stake in Air Canada (which ACE has whittled down to about 11%). In a major step, the company shed its holdings in Aeroplan, a loyalty marketing business that began operations as Air Canada's frequent flier program, and Jazz, Air Canada's regional affiliate, in 2008. ACE's board is now seeking shareholders' approval to wind up all its operations, sell its assets, and dissolve.
Key numbers for fiscal year ending December, 2010:
Sales: $0.0M
Net income: $98.0M
Officers:
Chairman, President, and CEO: Robert A. Milton
EVP and CFO: Brian Dunne
VP Corporate Communications, Air Canada: Priscille LeBlanc
Competitors:
AMR Corp.
Delta Air Lines
WestJet
Wikipedia on Answers.com:
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ACE Aviation Holdings
 |
|
| Type | Public |
|---|---|
| Traded as | TSX: ACE |
| 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 |
| Employees | 33,090 (2008)[1] |
| Website | aceaviation.com |
ACE Aviation Holdings Inc. (TSX: ACE) 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 6 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.
Operating divisions
- Aeroplan – (Sold off)
- Air Canada – (Owns 11.11%) [3]
- Air Canada Cargo – (Transferred to Air Canada)
- Air Canada Ground Handling Services – (Transferred to Air Canada)
- Jazz Aviation LP – (Sold off)
- Aveos Fleet Performance Inc. (formerly known as Air Canada Technical Services) - (Owns 28.4%)
- bankrupt and ceasing operations in 2012
- Air Canada Vacations – (Transferred to Air Canada)
References
- ^ "Company Profile for ACE Aviation Holdings Inc (CA;ACE.A)". http://zenobank.com/index.php?symbol=CA;ACE.A&page=quotesearch. Retrieved 2008-10-06.
- ^ "Get in Touch." ACE Aviation. Retrieved on September 17, 2009. "ACE Aviation Holdings Inc., 5100 de Maisonneuve Blvd. West Montreal, Quebec H4A 3T2"
- ^ http://micro.newswire.ca/release.cgi?rkey=1812237551&view=65938-0&Start=0&htm=0
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