RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Is a share buyback even an option? You might want to look at Jazz which had a agreement till 2020, similar to Aeroplan . AC reopened the Jazz agreement 5 years early in 2015 and the agreement was renegotiated. It seems AC has used the same tactic on Aeroplan. IMO this is going to come down to the 11th hour