As we indicated in our opening statement, the plan of compromise and arrangement, which was agreed to as part of Air Canada's restructuring under the Companies Creditors' Arrangement Act, provided Air Canada with a new structure. Air Canada became a wholly-owned subsidiary of ACE Aviation Holdings Inc., and the technical services division, except for line maintenance operations, was spun off as a separate entity owned and controlled by ACE Aviation Holdings Inc.
On December 14th, 2010. See this statement in context.