ACE Aviation Holdings
Encyclopedia
ACE Aviation Holdings Inc. is a Canadian holding company
that provides commercial airline service and technical support and is the parent company of Air Canada
. It is headquartered in Montreal
.
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
.
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
that provides commercial airline service and technical support and is the parent company of Air Canada
Air Canada
Air Canada is the flag carrier and largest airline of Canada. The airline, founded in 1936, provides scheduled and charter air transport for passengers and cargo to 178 destinations worldwide. It is the world's tenth largest passenger airline by number of destinations, and the airline is a...
. It is headquartered in Montreal
Montreal
Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...
.
History
ACE Aviation Holdings Incorporated was created as Air CanadaAir Canada
Air Canada is the flag carrier and largest airline of Canada. The airline, founded in 1936, provides scheduled and charter air transport for passengers and cargo to 178 destinations worldwide. It is the world's tenth largest passenger airline by number of destinations, and the airline is a...
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
Air Canada Jazz
Jazz Aviation LP is a Canadian regional airline based at Halifax Stanfield International Airport in Enfield and Halifax Regional Municipality, Nova Scotia, and is a wholly owned subsidiary of Chorus Aviation....
.
Operating divisions
- AeroplanAeroplanAeroplan is a Montreal, Quebec, Canada based coalition loyalty program owned by Aimia , a global leader in loyalty management. The Aeroplan Program was created in July 1984 by Air Canada as an incentive program for its frequent flyer customers...
– (Sold off) - Air CanadaAir CanadaAir Canada is the flag carrier and largest airline of Canada. The airline, founded in 1936, provides scheduled and charter air transport for passengers and cargo to 178 destinations worldwide. It is the world's tenth largest passenger airline by number of destinations, and the airline is a...
– (Owns 11.11%) - Air Canada Cargo – (Transferred to Air Canada)
- Air Canada Ground Handling Services – (Transferred to Air Canada)
- Air Canada JazzAir Canada JazzJazz Aviation LP is a Canadian regional airline based at Halifax Stanfield International Airport in Enfield and Halifax Regional Municipality, Nova Scotia, and is a wholly owned subsidiary of Chorus Aviation....
– (Sold off) - Aveos Fleet Performance Inc. (formerly known as Air Canada Technical Services) - (Owns 28.4%)
- Air Canada Vacations – (Transferred to Air Canada)