CANADA BUSINESS

                                CORPORATIONS ACT

                                     FORM 1

                            ARTICLES OF INCORPORATION

                                   (SECTION 6)

 

1 -   NAME OF THE CORPORATION

 

      ACE Aviation Holdings Inc.

      Gestion ACE Aviation Inc.

 

2 -   THE PROVINCE OR TERRITORY IN CANADA WHERE THE REGISTERED OFFICE IS

      SITUATED

 

      Province of Quebec

 

3 -   THE CLASSES AND ANY MAXIMUM NUMBER OF SHARES THAT THE CORPORATION IS

      AUTHORIZED TO ISSUE

 

      Unlimited number of common shares.

 

      THE COMMON SHARES SHALL HAVE ATTACHED THERETO THE FOLLOWING RIGHTS,

      PRIVILEGES, RESTRICTIONS AND CONDITIONS:

 

      (a)   VOTING. Each common share shall entitle the holder thereof to one

            (1) vote at all meetings of the shareholders of the Corporation.

 

      (b)   DIVIDENDS. The holders of the common shares shall be entitled to

            receive during each year, as and when declared by the board of

            directors, dividends payable in money, property or by the issue of

            fully paid shares of the capital of the Corporation.

 

      (c)   LIQUIDATION, ETC. In the event of the liquidation, dissolution or

            winding-up of the Corporation, whether voluntary or involuntary, or

            other distribution of assets of the Corporation among shareholders

            for the purpose of winding up its affairs, the holders of the common

            shares shall be entitled to receive the remaining property of the

            Corporation.

 

4 -   RESTRICTIONS, IF ANY, ON SHARE TRANSFERS

 

      None.

 

                                      B-2

 

 

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                                     - 2 -

 

5 -   NUMBER (OR MINIMUM AND MAXIMUM NUMBER) OF DIRECTORS

 

      Three (3) directors.

 

6 -   RESTRICTIONS, IF ANY, ON THE BUSINESS THE CORPORATION MAY CARRY ON

 

      None.

 

7 -   OTHER PROVISIONS, IF ANY

 

      (1)   the directors may appoint one (1) or more directors, who shall hold

            office for a term expiring no later than the close of the next

            annual meeting of shareholders, but the total number of directors so

            appointed may not exceed one third (1/3) of the number of directors

            elected at the previous annual meeting of shareholders.

 

8 -   INCORPORATORS

 

      Name                               Address

 

      Jean Marc Huot                     1155 Rene-Levesque Blvd. West

                                         40th Floor

                                         Montreal, Quebec

                                         H3B 3V2

 

DATE                                     SIGNATURE

 

 

June 29, 2004                            (Signed)

 

                                         _______________________________________

                                         Jean Marc Huot

 

________________________________________________________________________________

                            FOR DEPARTMENTAL USE ONLY

 

 

Corporation No. 424728-1                 Filed JUN 29 2004