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Tag: investment

  • Air Canada Offloads 25% Share in Aeroplan for $2.5 Billion, Appraising the Program at $10 Billion

    Air Canada Offloads 25% Share in Aeroplan for $2.5 Billion, Appraising the Program at $10 Billion

    Air Canada has revealed a notable $2.5 billion minority equity investment in its Aeroplan loyalty program, spearheaded by Blackstone and La Caisse, accompanied by other Canadian institutions. This investment pertains to the acquisition of a 25% non-controlling equity stake in Aeroplan, placing a $10 billion valuation on the program. Nevertheless, Air Canada maintains complete operational…

  • Air Canada to Divest $2 Billion Aeroplan Interest to Blackstone

    Air Canada to Divest $2 Billion Aeroplan Interest to Blackstone

    **Blackstone to Acquire $2 Billion Stake in Aeroplan** Blackstone is reportedly approaching a $2 billion investment in Air Canada’s Aeroplan loyalty program for a minority ownership. Some Canadian funds are also anticipated to participate, with an announcement expected shortly. This action is designed to generate funds for new aircraft and interior enhancements in light of…