2 sourcesTracking since 12 Aug, 11:05
Air Canada sells 25% stake in its loyalty program Aeroplan for $1.7 billion
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FIRST SEEN12 Aug, 11:05Air Canada sells 25% stake in its loyalty program Aeroplan for $1.7 billion
Air Canada is selling a 25% stake in its loyalty program Aeroplan for $1.7 billion (C$2.5 billion) to…
AeroTime•Ian Molyneaux
LATEST13 Aug, 11:43Air Canada sells 25% Aeroplan stake for CA$2.5bn
Air Canada has announced a CA$2.5bn minority equity investment in Aeroplan from funds managed by Blackstone and La Caisse, alongside other Canadian institutional investors. Under the transaction, the investor group will acquire a 25% non-controlling stake in Aeroplan, valuing the loyalty programme at CA$10bn. Air Canada will retain a controlling ownership interest and full operational […]
AviTrader•Heike Tamm