Canada: Air Canada's Aeroplan acquisition reportedly clears regulatory hurdles
An Air Canada-led consortium’s acquisition of Aimia’s Aeroplan loyalty program has reportedly cleared regulatory hurdles.
According to a December 24th, 2018 Air Canada media release, Aimia is set to receive $450 million in cash for Aeroplan, with approximately $1.9 billion in liability to be taken on by a group consisting of Air Canada, TD Bank, CIBC and Visa Canada.
TD and CIBC are set to pay Air Canada approximately $82 More
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