TORONTO — A consortium including Air Canada, TD Bank, CIBC and Visa Canada Corp. have reached a deal to acquire the Aeroplan loyalty program from Aimia Inc.
The group has agreed to pay $450 million in cash and assume approximately $1.9 billion of Aeroplan miles liability
More coming.
Companies in this story: (TSX:AC, TSX:AIM, TSX:TD, TSX:CM)
The Canadian Press