SEC Info - Merrill Lynch & Co., Inc., et al. - ‘SC 13G/A’ on 2/18/09 re: ACE Aviation Holdings Inc.

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Merrill Lynch & Co., Inc., et al. – ‘SC 13G/A’ on 2/18/09 re: ACE Aviation Holdings Inc.

On: Wednesday, 2/18/09, at 5:08pm ET · Accession #: 914121-9-702 · File #: 5-80083

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 2/18/09  Merrill Lynch & Co., Inc.         SC 13G/A               2:22K  ACE Aviation Holdings Inc.        Cadwalader Wickersh… LLP
          Merrill Lynch Canada, Inc.
          Merrill Lynch International, Inc.
          Merrill Lynch, Pierce, Fenner & Smith, Inc.

Amendment to Statement of Beneficial Ownership — Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G/A    Amendment No. 1 to Schedule 13G                       10     36K 
 2: EX-99.1     Exhibit 99.1 - Joint Filing Agreement                  1      7K

SC 13G/A — Amendment No. 1 to Schedule 13G
Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Certifications Ownership
1	1st Page - Filing Submission
7	Item 4. Ownership
8	Item 10. Certifications

SC 13G/A 1st Page of 10 TOC ↑Top Previous Next ↓Bottom Just 1st
 
 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

 Under the Securities Exchange Act of 1934
 (Amendment No. 1)

Ace Aviation Holdings, Inc. 
--------------------------------------------------------------------------------
(Name of Issuer)

Class A Variable Voting Shares
--------------------------------------------------------------------------------
(Title of Class of Securities)

 00440P201
(See Item 2(e)) 
--------------------------------------------------------------------------------
(CUSIP Number)

 December 31, 2008
--------------------------------------------------------------------------------
 (Date of Event Which Requires Filing of this Statement)

  Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:                                                              

[X] Rule 13d-1(b)                                       

[_] Rule 13d-1(c)                                       

[_] Rule 13d-1(d)                                       

*     The remainder of this cover page shall be filled out for a reporting      
     person's initial filing on this form with respect to the subject class of
     securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.         

     The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of that
      section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).                                           

SC 13G/A 2nd Page of 10 TOC 1st Previous Next ↓Bottom Just 2nd
CUSIP No. 00440P201                                                             

--------------------------------------------------------------------------------
1.    NAME OF REPORTING PERSONS                                                 
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)          

Merrill Lynch & Co., Inc.     13-2740599                

--------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                          
                                                                         (a) [_]
                                                                         (b) [_]

--------------------------------------------------------------------------------
3.    SEC USE ONLY                                                              

--------------------------------------------------------------------------------
4.    CITIZENSHIP OR PLACE OF ORGANIZATION                                      

Delaware                  

--------------------------------------------------------------------------------
NUMBER OF    5.    SOLE VOTING POWER                                        

SHARES                  0                                                 
               -----------------------------------------------------------------
BENEFICIALLY   6.    SHARED VOTING POWER                                        

OWNED BY                 1,534,222                                          
               -----------------------------------------------------------------
EACH       7.    SOLE DISPOSITIVE POWER                                 

REPORTING                0                                                  
               -----------------------------------------------------------------
PERSON      8.    SHARED DISPOSITIVE POWER                                

WITH                   1,534,222                                        
--------------------------------------------------------------------------------
9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

1,534,222                 

--------------------------------------------------------------------------------
10.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES      
                                                                             [_]

--------------------------------------------------------------------------------
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                         

4.4%                      

--------------------------------------------------------------------------------
12.   TYPE OF REPORTING PERSON                                                  

HC                        

--------------------------------------------------------------------------------

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CUSIP No. 00440P201                                                             

--------------------------------------------------------------------------------
1.    NAME OF REPORTING PERSONS                                                 
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)          

Merrill Lynch, Pierce, Fenner & Smith, Inc.  13-5674085 

--------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                          
                                                                         (a) [_]
                                                                         (b) [_]

--------------------------------------------------------------------------------
3.    SEC USE ONLY                                                              

--------------------------------------------------------------------------------
4.    CITIZENSHIP OR PLACE OF ORGANIZATION                                      

Delaware                  

--------------------------------------------------------------------------------
NUMBER OF    5.    SOLE VOTING POWER                                        

SHARES                  0                                                 
               -----------------------------------------------------------------
BENEFICIALLY   6.    SHARED VOTING POWER                                        

OWNED BY                 116,367                                            
               -----------------------------------------------------------------
EACH       7.    SOLE DISPOSITIVE POWER                                 

REPORTING                0                                                  
               -----------------------------------------------------------------
PERSON      8.    SHARED DISPOSITIVE POWER                                

WITH                   116,367                                          
--------------------------------------------------------------------------------
9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

116,367                   
--------------------------------------------------------------------------------
10.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES      
                                                                             [_]

--------------------------------------------------------------------------------
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                         

0.3%                      

--------------------------------------------------------------------------------
12.   TYPE OF REPORTING PERSON*                                                 

BD, IA                    

--------------------------------------------------------------------------------

SC 13G/A 4th Page of 10 TOC 1st Previous Next ↓Bottom Just 4th
CUSIP No. 00440P201                                                             

--------------------------------------------------------------------------------
1.    NAME OF REPORTING PERSONS                                                 
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)          

Merrill Lynch International, Inc.  12-2859641           

--------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                          
                                                                         (a) [_]
                                                                         (b) [_]

--------------------------------------------------------------------------------
3.    SEC USE ONLY                                                              

--------------------------------------------------------------------------------
4.    CITIZENSHIP OR PLACE OF ORGANIZATION                                      

Delaware                  

--------------------------------------------------------------------------------
NUMBER OF    5.    SOLE VOTING POWER                                        

SHARES                  0                                                 
               -----------------------------------------------------------------
BENEFICIALLY   6.    SHARED VOTING POWER                                        

OWNED BY                 203,255                                            
               -----------------------------------------------------------------
EACH       7.    SOLE DISPOSITIVE POWER                                 

REPORTING                0                                                  
               -----------------------------------------------------------------
PERSON      8.    SHARED DISPOSITIVE POWER                                

WITH                   203,255                                          
--------------------------------------------------------------------------------
9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

203,255                   
--------------------------------------------------------------------------------
10.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES      
                                                                             [_]

--------------------------------------------------------------------------------
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                         

0.6%                      

--------------------------------------------------------------------------------
12.   TYPE OF REPORTING PERSON*                                                 

BD                        

--------------------------------------------------------------------------------

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CUSIP No. 00440P201                                                             

--------------------------------------------------------------------------------
1.    NAME OF REPORTING PERSONS                                                 
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)          

Merrill Lynch Canada, Inc.    N/A                       

--------------------------------------------------------------------------------
2.    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP                          
                                                                         (a) [_]
                                                                         (b) [_]

--------------------------------------------------------------------------------
3.    SEC USE ONLY                                                              

--------------------------------------------------------------------------------
4.    CITIZENSHIP OR PLACE OF ORGANIZATION                                      

Delaware                  

--------------------------------------------------------------------------------
NUMBER OF    5.    SOLE VOTING POWER                                        

SHARES                  0                                                 
               -----------------------------------------------------------------
BENEFICIALLY   6.    SHARED VOTING POWER                                        

OWNED BY                 1,214,600                                          
               -----------------------------------------------------------------
EACH       7.    SOLE DISPOSITIVE POWER                                 

REPORTING                0                                                  
               -----------------------------------------------------------------
PERSON      8.    SHARED DISPOSITIVE POWER                                

WITH                   1,214,600                                        
--------------------------------------------------------------------------------
9.    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON              

1,214,600                 
--------------------------------------------------------------------------------
10.   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES      
                                                                             [_]

--------------------------------------------------------------------------------
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)                         

3.5%                      

--------------------------------------------------------------------------------
12.   TYPE OF REPORTING PERSON*                                                 

BD                        

--------------------------------------------------------------------------------

SC 13G/A 6th Page of 10 TOC 1st Previous Next ↓Bottom Just 6th
CUSIP NO. 00440P201                                                             

--------------------------------------------------------------------------------
Item 1(a).  Name of Issuer:                                                     

Ace Aviation Holdings, Inc.                             

--------------------------------------------------------------------------------
Item 1(b).  Address of Issuer's Principal Executive Offices:                    

5100 de Maisonneuve Boulevard West                      
Montreal, Quebec                                        
Canada, H4A 3T2                                         

--------------------------------------------------------------------------------
Item 2(a).  Name of Person Filing:                                              

Merrill Lynch & Co., Inc. ("MLCO")                      
     Merrill Lynch, Pierce, Fenner & Smith, Incorporated ("MLPFS")
Merrill Lynch International, Inc. ("MLI")               
Merrill Lynch Canada, Inc. ("MLC")                      

Upon consummation of the merger on January 1, 2009 by and between Bank of       
America Corporation ("BAC") and MLCO, MLCO became a wholly owned subsidiary of  
BAC, and BAC became the ultimate parent and controlling entity of MLCO and its  
subsidiaries.                                                                   

--------------------------------------------------------------------------------
Item 2(b).  Address of Principal Business Office, or if None, Residence:        

The address of the principal business office of MLCO and MLPFS is:              

4 World Financial Center                                            
250 Vesey Street                                                    
New York, New York 10080.                                           

The address of the principal business office of MLI is:                         

2 King Edward Street                                                
London EC1A 1HQ England                                             

The address of the principal business office of MLC is:                         

BCE Place, Suite 400                                                
181 Bay Street                                                      
Toronto, Ontario                                                    
Canada A1 M5J 2V8                                                   

--------------------------------------------------------------------------------
Item 2(c).  Citizenship:                                                        

See Item 4 of Cover Pages                               

--------------------------------------------------------------------------------
Item 2(d).  Title of Class of Securities:                                       

Common Units                                            

--------------------------------------------------------------------------------
Item 2(e).  CUSIP Numbers:                                                      

00440P201                                               

--------------------------------------------------------------------------------
Item 3.     If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), Check Whether the Person Filing is a:              

(a) [_]  Broker or dealer registered under Section 15 of the Exchange Act.      

(b) [_]  Bank as defined in Section 3(a)(6) of the Exchange Act.                

(c) [_]  Insurance company as defined in Section 3(a)19) of the Exchange Act.   

(d) [_]  Investment company registered under Section 8 of the Investment Company
Act.                                                          

(e) [_]  An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E)       

(f) [_]  An employee benefit plan or endowment fund in accordance with Rule     
13d-1(b)(1)(ii)(F)                                            

(g) [X]  A parent holding company or control person in accordance with Rule     
13d-1(b)(1)(ii)(G)                                            

(h) [_]  A savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act                                                 

(i) [_]  A church plan that is excluded from the definition of an investment    
company under Section 3(c)(14) of the Investment Company Act  

(j) [_]  Group, in accordance with Rule 13d-1(b)(1)(ii)(J).                     

SC 13G/A 7th Page of 10 TOC 1st Previous Next ↓Bottom Just 7th
CUSIP No. 00440P201                                                             

Item 4.     Ownership.                                                          

Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.       

(a) Amount beneficially owned:                                                  

See Item 9 of Cover Pages                               

(b) Percent of class:                                                           

See Item 11 of Cover Pages                              

(c) Number of shares as to which such person has:                               

(i)   Sole power to vote or to direct the vote:                     

(ii)  Shared power to vote or to direct the vote:                   

(iii) Sole power to dispose or to direct the disposition of:        

(iv)  Shared power to dispose or to direct the disposition of       

See Items 5-8 of Cover Pages                            

--------------------------------------------------------------------------------
Item 5.     Ownership of Five Percent or Less of a Class.                       

   If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than 5
percent of the class of securities, check the following [X]                     

--------------------------------------------------------------------------------
Item 6.     Ownership of More Than Five Percent on Behalf of Another Person.    

Not Applicable                                          

--------------------------------------------------------------------------------
Item 7.     Identification and Classification of the Subsidiary Which Acquired  
     the Security Being Reported on by the Parent Holding Company.

 With respect to the beneficial ownership of the reporting person, see
Items 5 through 11 of the cover pages to this Schedule 13G, which are           
incorporated herein by reference.                                               

--------------------------------------------------------------------------------
Item 8.     Identification and Classification of Members of the Group.          

Not Applicable                                          

--------------------------------------------------------------------------------
Item 9.     Notice of Dissolution of Group.                                     

Not Applicable                                          

--------------------------------------------------------------------------------

SC 13G/A 8th Page of 10 TOC 1st Previous Next ↓Bottom Just 8th
CUSIP No. 00440P201                                                             

Item 10.    Certifications.                                                     

By signing below I certify that, to the best of my knowledge and belief, the    
securities referred to above were acquired and are held in the ordinary course  
of business and were not acquired and are not held for the purpose of or with   
the effect of changing or influencing the control of the issuer of the          
securities and were not acquired and are not held in connection with or as a    
participant in any transaction having that purpose or effect.                   

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify  
that the information set forth in this statement is true, complete and correct. 

February 17, 2009                                                               

                           Merrill Lynch & Co., Inc.
                                        Merrill Lynch, Pierce, Fenner & Smith,
          Inc.

                         By: /s/ Pia K. Thompson
                                         ---------------------------------------
                         Name:   Pia K. Thompson
                             Title:  Assistant Secretary

                                   Merrill Lynch International, Inc.

                        By:   /s/ Debra Searle
                                         ---------------------------------------
                     Name:  Debra Searle
                 Title: Director

                            Merrill Lynch Canada, Inc.

                          By:   /s/ Mark Dickerson
                                         ---------------------------------------
                       Name:  Mark Dickerson
                  Title: Secretary

* Executed pursuant to a Power of Attorney, dated November 17, 1995, a copy of  
which is attached hereto as Exhibit A.                                          

SC 13G/A 9th Page of 10 TOC 1st Previous Next ↓Bottom Just 9th
Schedule 13G
 Exhibit A

 Power of Attorney

The undersigned, Merrill Lynch & Co., Inc. (the "Corporation"), a   
corporation duly organized under the laws of Delaware, with its principal place 
of business at World Financial Center, North Tower, 250 Vesey Street, New York, 
New York 10281 does hereby make, constitute and appoint Richard B. Alsop,       
Richard D. Kreuder, Andrea Lowenthal, Gregory T. Russo, or any individual from  
time to time elected or appointed as secretary or an assistant secretary of the 
Corporation, acting severally, each of whose address is Merrill Lynch & Co.,    
Inc., World Financial Center, North Tower, 250 Vesey Street, New York, New York 
10281, as its true and lawful attorneys- in-fact, for it and in its name, place 
and stead (i) to execute on behalf of the Corporation and cause to be filed     
and/or delivered, as required under Section 13(d) of the Securities Exchange Act
of 1934 (the "Act") and the regulations thereunder, any number, as appropriate, 
of original, copies, or electronic filings of the Securities and Exchange       
Commission Schedule 13D or Schedule 13G Beneficial Ownership Reports (together  
with any amendments and joint filing agreements under Rule 13d-1(f)(1) of the   
Act, as may be required thereto) to be filed and/or delivered with respect to   
any equity security (as defined in Rule 13d-1(d) under the Act) beneficially    
owned by the undersigned and which must be reported by the undersigned pursuant 
to Section 13(d) of the Act and the regulations thereunder, (ii) to execute on  
behalf of the Corporation and cause to be filed and/or delivered, any number, as
appropriate, of original, copies or electronic filings of any forms (including  
without limitation), Securities and Exchange Commission Forms 3, 4 and 5)       
required to be filed pursuant to Section 16(a) of the Act and the regulations   
thereunder, and (iii) generally to take such other actions and perform such     
other things necessary to effectuate the foregoing as fully in a all respects as
if the undersigned could do if personally present.                              

    This Power of Attorney shall remain in effect until revoked, in writing,
by the undersigned.                                                             

    IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney,
this 17th day of November 1995.                                                 

             MERRILL LYNCH & CO., INC.

             By: /s/ David H. Komansky
                                  ----------------------------------------------
             Name:   David H. Komansky
                                 Title:  President and Chief Operating Officer

SC 13G/A Last Page of 10 TOC 1st Previous Next ↓Bottom Just 10th
Schedule 13G
 Exhibit B

 POWER OF ATTORNEY

BY THIS POWER OF ATTORNEY, MERRILL LYNCH INTERNATIONAL, a company incorporated  
in England and Wales with its registered office at Merrill Lynch Financial      
Centre, 2 King Edward Street, London EC1A 1HQ, England (the "Company"), hereby  
appoints Debra Searle of 2 King Edward Street, London EC1A 1HQ (the "Attorney"),
as its true and lawful attorney for and on behalf of the Company to:            

approve, settle, consider, sign, execute, deliver and/or issue all              
documentation, agreements, certificates, and instruments all whether deeds or   
not which the Attorney in her absolute discretion considers necessary in        
connection with the filing of Forms 13F and 13G with the United States          
Securities and Exchange Commission, subject to such amendments or variations as 
the Attorney may agree (together the "Documents"); and to take any steps or do  
any thing which the Attorney in his absolute discretion considers desirable in  
connection with the execution and filing of Forms 13F and 13G.                  

By this power, said Attorney is hereby granted full power and authority to do   
and perform all and every act and thing whatsoever requisite, necessary and     
proper to be done in connection with the performance of the foregoing authority,
as fully and to all intents and purposes as the proper officer of the           
undersigned might or could do if personally present at the doing hereof.        

This Power of Attorney shall be governed by and construed in accordance with    
English law and shall expire on 28 February 2009.                               

IN WITNESS WHEREOF this Power of Attorney has been executed as a deed by        
officers thereunto duly authorised this 17th day of February 2009.              

MERRILL LYNCH INTERNATIONAL                                                     

By    /s/ R. S. Everett                                                         
-----------------                                                   
Duly Appointed Attorney                                             

Witnessed by:           /s/ J.P. Woodhouse                                      
------------------              

Name:                   Jill Woodhouse                                          
--------------                  

Address:                2 King Edwards Street                                   
---------------------           

London ECIA 1HQ                 
---------------

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13G/A’ Filing	Date	First	Last	Other Filings

Filed on:	2/18/09
	2/17/09	8		13F-HR, SC 13G, SC 13G/A
	1/1/09	6		4, 8-K
	12/31/08	1		11-K, 13F-HR, 13F-HR/A, 3, 3/A, 4, 8-K
	11/17/95	8
				List all Filings

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Filing Submission 0000914121-09-000702 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Merrill Lynch & Co., Inc., et al. – ‘SC 13G/A’ on 2/18/09 re: ACE Aviation Holdings Inc.

On: Wednesday, 2/18/09, at 5:08pm ET · Accession #: 914121-9-702 · File #: 5-80083

Previous ‘SC 13G’: ‘SC 13G’ on 2/17/09 · Latest ‘SC 13G’: This Filing

Amendment to Statement of Beneficial Ownership — Schedule 13GFiling Table of Contents

SC 13G/A — Amendment No. 1 to Schedule 13GDocument Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Amendment to Statement of Beneficial Ownership — Schedule 13G
Filing Table of Contents

SC 13G/A — Amendment No. 1 to Schedule 13G
Document Table of Contents