This morning I wrote that Air Canada made an offer to buy Aeroplan at a $2.25 billion valuation.
Aeroplan was spun off from Air Canada 13 years ago. It’s a separate, independent business that’s part of Aimia, a loyalty company which several other interests as well. Air Canada announced last year that they were going to start their own program and no longer work with Aeroplan.
Here’s more on what the proposed deal for Air Canada to re-acquire the Aeroplan program would look like.