It has just been announced that Air Canada has tentatively agreed to purchase Aeroplan for $450M from Aimia. This is potentially good news or bad depending on your perspective.
The good news is that for all of you who have hundreds of thousands if not millions of Aeroplan points. Air Canada had previously announced that in 2020 it will launch its own reward program and many of its members were concerned about their existing Aeroplan points and its potential loss in value and lose great reward bookings.
There are still a lot of details to work out. Aeroplan had signed deals with Air Transat, Porter and Flair Airlines. How that works out is unknown.
As for now this is a good sign. Hopefully Air Canada’s goal to own a program can increase the benefits and overall value.