ACE Aviation to terminate its reporting obligations under the U.S. Securities Exchange Act of 1934



    MONTREAL, Jan. 21 /CNW Telbec/ - ACE Aviation Holdings Inc. ("ACE")
announced today that it intends to terminate its reporting obligations under
Section 15(d) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act").
    Pursuant to Rule 12h-6 under the Exchange Act, the Securities and
Exchange Commission (the "SEC") permits a foreign private issuer to terminate
the obligation under Section 15(d) of the Exchange Act to file or furnish
reports required by Section 13(a) thereof if it meets certain requirements.
ACE will today file a Form 15F with the SEC to terminate its Section 15(d)
obligations. The termination will become effective 90 days after filing the
Form 15F, or within a shorter period as the SEC may determine, unless the Form
15F is earlier withdrawn by ACE or denied by the SEC. As a result of filing
the Form 15F, the reporting obligations of ACE under the Exchange Act will
immediately be suspended.
    %SEDAR: 00020954EF




For further information:

For further information: Des Beaumont (Montréal), (514) 205-7639;
Internet: www.aceaviation.com


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