Thursday June 20, 2019
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color for Aeroplan sale price lands at $516 million after post closing adjustments


Aeroplan sale price lands at $516 million after post closing adjustments

Aimia Inc. says the final price for the sale of Aeroplan to Air Canada has increased to $516 million following the finalization of all financial adjustments after the deal's January close.
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Air Canada gets regulatory OK to buy Aeroplan; Aimia shareholders vote Jan. 8

Air Canada's acquisition of the Aeroplan loyalty program has received all required federal regulatory approvals ahead of a shareholders' vote on a $450-million agreement reached by the airline in November.
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Air Canada finalizes Aug. 2018 deal to buy Aeroplan program

Air Canada has signed a definitive agreement to buy the Aeroplan loyalty program from Aimia Inc. for $450 million in cash.
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Aimia reaches settlement agreement in Aeroplan expiry class action case

Aimia says it has signed a deal to settle a class action case related to changes to its Aeroplan mileage expiry and accumulation rules.
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Air Canada says mobile app breach may affect up to 20,000 customers

Air Canada says 20,000 customers may have had their personal information improperly accessed due to a breach in its mobile app, prompting a lock-down on all 1.7 million accounts until consumers change their passwords.
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Analyst says Aimia used airline deals to reel in Air Canada

Not so fast, Aeroplan members. Despite gaining more certainty about the future of their points now that the loyalty program is set to be acquired by Air Canada, analysts say they shouldn’t expect to be able to redeem them at other airlines that were recently brought onboard.
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Here’s a timeline of Aeroplan’s turbulent history

The saga over Aeroplan came to a close yesterday, with news that the consortium led by Air Canada has reached a deal to acquire...
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“The best outcome for all”: Air Canada’s group ups offer for Aeroplan, deal to close this fall

Air Canada is taking back control of the valuable Aeroplan loyalty business that it created in 1984 and spun off in 2002, and Aimia is getting the price it wanted all along: $450 million.
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Aimia adds Air Transat, Flair, remains open to “fair deal” with Air Canada

Aimia has signed new Aeroplan partnership agreements with two more Canadian airlines – Air Transat and Flair Airlines – while at the same time leaving the door open for an Air Canada purchase deal.
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Aimia announces surprise deal: Air Canada is out, Porter is in

Aimia has struck a new deal with Porter Airlines for it to become the preferred Canadian airline to issue Aeroplan Miles after rejecting Air Canada’s takeover bid just hours before the midnight deadline Thursday.
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Abu Dhabi looks to the trade to promote and sell Expo 2020 in the UAE
Abu Dhabi hopes to reach 25 million visits during Expo 2020 and says success for the global event won’t be possible...
ACV to increase Sun capacity, particularly in the West, this winter season
Air Canada Vacations’ newly announced winter 2019/20 flight lineup will include 25 new flights to Sun destinations as...
Insight & Luxury Gold unveil 2020 Preview collection
Insight Vacations and Luxury Gold have released their 2020 Preview collection featuring “unbeatable” 2019 prices...
Cosmos to debut new faith-based tour in 2020, book now to save 10%
Cosmos’ collection of 14 faith-based itineraries in 2020 will include a new small-group tour that takes pilgrims...
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