Aimia

Air Canada-Led Group Seeks to Buy Aeroplan for $2.25 Billion

An Air Canada-led group has unveiled their bid to buy back Aeroplan in a deal set to be valued at $2.25 billion. The group includes TD Bank, CIBC, and Visa Canada, which all have long-standing relationships with Aeroplan's parent company Aimia. Under the current proposal, the group would acquire Aimia's loyalty business which includes about...