Blackstone Leads $1.8 Billion Air Canada Loyalty Plan Stake Deal

🇨🇦 Bloomberg (CA) —

AI Summary

Blackstone led a $1.8 billion deal with Canadian pension funds to acquire a 25% stake in Air Canada's Aeroplan loyalty program. This significant investment highlights growing interest in airline loyalty plan assets.

Blackstone Inc. and a group of Canadian pension funds acquired a quarter of Air Canada’s Aeroplan loyalty program for C$2.5 billion ($1.8 billion), the airline announced Tuesday.

Markets Deals Blackstone Air Canada Aeroplan loyalty program investment deal Canadian pension funds

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