ACE Aviation Holdings Inc.
ACAVF
Other OTC0.10
USD
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ACE Aviation Holdings Inc.
ACAVF
(Other OTC)
Recent
price
0.10
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- ACE Aviation Holdings Inc. (ACAVF) operates as a Canadian investment holding company in the process of liquidation, previously serving as the parent entity for Air Canada and its affiliated aviation services. Founded in 2004 and headquartered in Montreal, Quebec, the company historically oversaw core products and services including scheduled passenger air transportation via Air Canada; regional airline operations through Air Canada Jazz; cargo handling with Air Canada Cargo; ground handling services; aircraft maintenance, repair, and overhaul through Air Canada Technical Services (later Aveos Fleet Performance); loyalty programs such as Aeroplan; and vacation packages via Air Canada Vacations, with primary operations spanning Canada, the US transborder market, and international routes. Geographically, activities focused on North America with extensions to Europe and other regions through subsidiaries and affiliates. In recent years, ACE Aviation Holdings completed the divestiture of key assets, including Aeroplan in 2008 and Jazz Aviation in the same period, retaining stakes in Air Canada and technical services until further wind-down; it announced intent to dissolve in 2012, received court approval for a final shareholder distribution of $5.3 million in February 2024, and fully dissolved on March 15, 2024, leaving only cash equivalents prior to closure.