ACE Aviation to terminate its registration of shares under the U.S. Securities Exchange Act of 1934

    MONTREAL, Jan. 6 /CNW Telbec/ - ACE Aviation Holdings Inc. ("ACE")
announced today that it intends to terminate the registration of its Class A
variable voting shares and Class B voting shares (together, the "Shares")
under Section 12(g) 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 registration of a class of securities under Section 12(g) of the Exchange
Act if it meets certain requirements. ACE will today file a Form 15F with the
SEC to terminate the registration of the Shares. 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SEC may determine, unless the Form 15F is earlier withdrawn by ACE or denied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. ACE intends to continue filing reports under the Exchange Act
until such time as it determines such reports are no longer required to be
    %SEDAR: 00020954EF

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For further information: Des Beaumont, (514) 205-7639,

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