Air Ontario [SEP] parent company
49% of the shares. In 1987, Air Canada and Austin split the shares in a 3:1 ratio upon its Canadian incorporation.
As a wholly owned subsidiary of Air Canada, Air Ontario's operation as an Air Canada Connector code sharing partner increased substantially in the intra-Ontario marketplace with Air Canada's decision in February 1990, to discontinue Mainline service to North Bay, Sudbury, Timmins and Windsor. Route expansion from Toronto Island Airport nonstop to both Montreal and Ottawa soon followed, along with the addition of new routes
the parent company Discovery Air. It is now owned by Clairvest and other unnamed investors with transactions completed on 22 Dec 17. As of July 2018, Top Aces Inc, Top Aces Holdings Inc and Clairvest are subject to ongoing legal proceedings lodged in the Ontario Superior Court of Justice (Commercial List).
Fleet.
Top Aces aircraft do not have any RCAF markings and are not included in the RCAF aircraft inventory. Some Alpha Jets retained the German Air Force paint schemes, but a few have been repainted in desert