BREAKING NEWS - Air Canada Group to Buy Aeroplan

Air Canada to Buy Aeroplan

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

TOPICS:   National News

What do you think?

Your comment