Air Canada Acquires Aimia Canada (Aeroplan)

January 10, 2019

Air Canada completed the purchase of Aimia Canada Inc., the owner and operator of the Aeroplan loyalty program, from Aimia Inc. The transaction closed for approximately $497 million in gross proceeds, with roughly half of Aimia’s 1,500 global employees (about 750 people) transitioning to Air Canada; proceeds were used to repay Aimia debt and place certain funds in a restricted account.

Buyers
Air Canada
Targets
Aimia Canada Inc. (owner/operator of the Aeroplan loyalty program)
Sellers
Aimia Inc.
Industry
Data & Analytics
Location
Quebec, Canada
Transaction Type
Buyout

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