Back in May last year, Air Canada announced that they were ending their Aeroplan partnership. This caused a huge drop in Aimia’s share price, the company that owns Aeroplan. Last month, Air Canada offered to buy Aeroplan from Aimia in a $250 million cash deal and assumption of $2B in outstanding points liabilities. Aimia rejected…
Past 2020
Category Archives for Past 2020.
Incredible – Air Canada offers to buy Aeroplan
There is a lot of coverage about the Air Canada and Aeroplan split, but this is just the latest crazy development to come in. Air Canada, along with TD Bank, CIBC, and Visa, is making a hostile bid to buy back Aeroplan. Air Canada Offer For Aeroplan The news broke this morning. The offer is…
Aimia’s Latest Financial Results
I’m written quite a bit about Aeroplan and what we’re going to see post 2020. Aimia has been trying to find it’s footing ever since the announcement came out last May. Just last week, they posted a wider than expected loss and announced more cutting. They’ve already trimmed the portfolio including selling the Air Miles trademark…
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