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Air Canada’s Offer to Buy Aeroplan Was Rejected (But a Deal May Still Happen)

by Gary Leff on August 3, 2018

Aug 03 2018

Air Canada wants to buy back the Aeroplan program, which is spun off into a separate company. The program is owned by Aimia, which also owns 49% of Aeromexico’s frequent flyer program. Either Aimia sells Aeroplan back, or Air Canada starts its own new program in July 2020.

Air Canada and its bank partners in the deal had offered $250 million plus assumption of the program’s liabilities. They had raised their offer to $325 million. Aimia was willing to sell, but they wanted $450 million.

Aeroplan Now in Talks With oneworld

by Gary Leff on August 2, 2018

Aug 02 2018

Air Canada spun off its frequent flyer program Aeroplan into a separate company. Aimia owns Aeroplan along with other loyalty programs including a 49% stake in Aeromexico’s Club Premier.

Last year Air Canada announced they weren’t going to renew their exclusive partnership with Aeroplan after their 15 year deal expires at the end of June 2020. Now Aeroplan is confirming partnership discussions with oneworld .

Aeroplan Issues Response to Air Canada’s Buy Out Offer

by Gary Leff on July 25, 2018

Jul 25 2018

Air Canada along with Aeroplan’s financial partners has made an offer to buy Aeroplan, the spun-off frequent flyer program with which Air Canada has an exclusive agreement through June 2020.

The market seems to like this deal, or at least believes that the move signifies some deal will occur at a price premium over prior-day trading.

Aeroplan has now issued its response.

More Detail on What Air Canada Buying Aeroplan Would Look Like for Members

by Gary Leff on July 25, 2018

Jul 25 2018

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.

Air Canada Proposes Buying Back Aeroplan, Instead of Competing Starting in 2020

by Gary Leff on July 25, 2018

Jul 25 2018

This would allow Air Canada to start with all of Aeroplan’s members, instead of starting from scratch. It would take the pressure off of Air Canada to offer as rich a value proposition to members in order to compete with Aeroplan.

There’s a certain irony to spinning off the program, realizing income, driving down the value of that program and then acquiring it on the cheap.

CEO Interview: Aeroplan Changes Coming After Air Canada Breakup

by Gary Leff on July 20, 2018

Jul 20 2018

I spoke with Jeremy Rabe, the new CEO of Aeroplan’s parent company Aimia, about what changes to expect for premium cabin awards, fees and surcharges, and what transfer rates they’ll offer for points moved to other frequent flyer programs.

He also shared reactions to selling points cheap (he’s a board member of LifeMiles) and the future of spinning off frequent flyer programs given Air Canada’s breakup with Aeroplan and the air berlin topbonus bankruptcy.

The Future of the LAX Theme Building and Rapper Tries to Boot Blind Passenger From Seat

by Gary Leff on July 2, 2018

Jul 02 2018

A roundup of the most important stories of the day. I keep you up to date on the most interesting writings I find on other sites – the latest news and tips.

Business Class to Santorini, Greece for Less Than $1000 Roundtrip

by Gary Leff on June 27, 2018

Jun 27 2018

Bookable via Priceline, Mexico City – Santorini is bookable from $988 roundtrip. Dates are very limited at this price but under $1000 roundtrip to Greece seemed worth a mention.

Man Has Airline Status Yanked for Refunding Tickets After Using Airport Lounges. Now He’s Suing

by Gary Leff on June 22, 2018

Jun 22 2018

An Air Canada Super Elite who takes over 150 flights a year says his business travel plans change often. Air Canada says he books refundable tickets, uses their lounges, and then cancels his tickets on days he never intends to fly at all.

If you’re near the airport and have lounge access you may think it’s just a free pub with bar snacks. But Air Canada and this frequent flyer are now locked in a legal battle that would never even exist in the United States.

Travel is Better for the Environment When You’re Getting a Good Deal on Airfare

by Gary Leff on June 11, 2018

Jun 11 2018

Air travel emits carbon dioxide. More demand for air travel supports more flights, and thus more carbon dioxide emissions.

While the interaction of emissions and temperature change is complex, the particular mechanisms subject to debate amongst scientists, a simple model suggests that your air travel is bad for the environment. But it simply isn’t true that every airline passenger and every ticket has the same contribution to emissions.

And we do know whether you have a high – or an exceptionally low – probability of affecting the number of flights, size of aircraft, and thus emissions.

air canada

Air Canada’s Offer to Buy Aeroplan Was Rejected (But a Deal May Still Happen)

Aeroplan Now in Talks With oneworld

Aeroplan Issues Response to Air Canada’s Buy Out Offer

More Detail on What Air Canada Buying Aeroplan Would Look Like for Members

Air Canada Proposes Buying Back Aeroplan, Instead of Competing Starting in 2020

CEO Interview: Aeroplan Changes Coming After Air Canada Breakup

The Future of the LAX Theme Building and Rapper Tries to Boot Blind Passenger From Seat

Business Class to Santorini, Greece for Less Than $1000 Roundtrip

Man Has Airline Status Yanked for Refunding Tickets After Using Airport Lounges. Now He’s Suing

Travel is Better for the Environment When You’re Getting a Good Deal on Airfare

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