[10] Among the companies in addition to Air Canada which was taken public after formation of ACE was the frequent flyer program Aeroplan.

[11] Aeroplan's initial public offering valued the company at US$2 billion, which was several times the valuation of the airline itself.

[12] In 2008, ACE completed its divestment of Aeroplan and Air Canada's regional airline affiliate, Jazz.

[14] The company planned a wind up and distribution of its assets back to its shareholders by no earlier than mid-2013.

The company no longer has a board and executives, with all liquidation being managed by outside party Ernst & Young.