ACE is a company owned by MALÉV Hungarian Airlines (100%).

Malév Ltd, the national air carrier of the Republic of Hungary has been operating for well over half a century. The company celebrated the 60th anniversary of its foundation on 29, March 2006. Today it's ranked as one of the leading airlines of the Central-Eastern European region, with scheduled passenger, cargo and charter services. Malév Ltd. flies routes to over 40 cities in Europe, Africa, the Middle-East, North-America and Asia, with a continuously expanding Boeing and Fokker fleet.the Hungarian flag carrier airlines for over 50 years flies routes to over 40 cities in Europe, Africa, the Middle-East, North-America and Asia, with a continuously expanding Boeing and Fokker fleet.