Tag Archives for aeroplan.
ANA first class availability, booked far in advance, is outstanding right now. And it’s accessible using miles from a variety of programs — in the Star Alliance and through other airline partnerships as well. They offer one of the best and most consistent first class products in the world. It’s not as flashy as Emirates or Etihad, but the service and food are fantastic.
Air Canada successfully sold a stake in its frequent flyer program today, and based on the price paid for a 12.5% stake Aeroplan has a market value of CAD$2 billion.
Air Canada may be on the verge of spinning off its Aeroplan frequent flyer program with details being finalized as soon as the end of this week. They tried this a couple years ago, but details of their bankruptcy and reorganization financing stood in the way. Word is the program is being valued at about US$1.18 billion, down slightly from earlier estimates.
Air Canada has confirmed its intention to spin off its Aeroplan frequent flyer program as a separate unit. Mr. Milton did not close the door to selling part of Aeroplan to a private buyer. But he said buyout firm Onex Corp. is not in the picture as a potential purchaser. Onex had a deal with Air Canada to buy a 35% stake in Aeroplan for $245-million before that fell apart with the airline’s bankruptcy protection filing. Onex said recently that it was still interested in the unit. Mr. Milton offered no specific timing for the sale. He said the company is working on legal and regulatory issues to ready its public debut. Aeroplan is worth in the range of $1.3-billion to $1.9-billion. In January Randy Petersen wrote that Air Canada would likely be the first…
Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel -- a topic he has covered since 2002.
Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »
