EX-99.1 2 ex991.htm NEWS RELEASE DATED DECEMBER 10, 2008 ex991.htm
 
Exhibit 99.1
News release via CNW Telbec, Montreal 514-878-2520

	    Attention Business/Financial Editors:
	    ACE Aviation acknowledges shareholder request

	    MONTREAL, Dec. 10 /CNW Telbec/ - ACE Aviation Holdings Inc. ("ACE")
announced today that its Board of Directors has received from West Face Long
Term Opportunities Limited Partnership, West Face Long Term Opportunities
(USA) Limited Partnership and West Face Long Term Opportunities Master Fund
L.P. a formal requisition for a special meeting of the shareholders of ACE to
be called for the following purposes: (i) to consider an ordinary resolution
to remove from office all of the current directors of ACE; (ii) to set the
size of the board of directors of ACE at such number as the shareholders may
determine at the meeting; (iii) to elect directors to hold office until the
next annual meeting of the shareholders of ACE; and (iv) to conduct such other
business as may properly come before the meeting, including matters necessary
or desirable to implement the foregoing. At this time, ACE does not have any
further information relating to the requisition. The Board of Directors will
consider the requisition and provide a response to the market in due course.
	    %SEDAR: 00020954EF          %CIK: 0001295721

	    /For further information: Des Beaumont, (514) 205-7639;
www.aceaviation.com/
	    (ACE.A. ACE.B.)

CO:  ACE AVIATION HOLDINGS INC.

CNW 09:00e 10-DEC-08