Air Canada sells 25% stake in its loyalty program Aeroplan for $1.7 billion

Air 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