when you defeat the fortree city gym leader, she will give it 2 u!
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No, Aerial Ace is not a purchasable TM in Pokemon Emerald. You can obtain it by defeating Winona.
It is on route 213
You can find TM40 Aerial Ace in the Fukiyose City Runway.
TM40- Aerial Ace can be found in Mt Mortar. You can also buy this TM at the Battle Frontier for 40BP.
I'm not sure exactly where the TM is, but if you have another game such as HeartGold, SoulSilver, Pearl, Dimond, or Platinum with the TM, you can make a pokemon hold it and trade it to your Black.