RE:RE:General Insight - Aimia - The Perfect Storm or is it?1. I suspect at least one of the director resignations was as a result of the decision to suspend all dividends. Going forward, the cash savings should be significant. In theory, AIM will generate enough cash within the next 2 years to fully pay off their debt.
2. Air Canada has extracted more than their pound of flesh. Maybe they will come back to the negotiation table and hammer out a deal. Put Aeroplan into a 50/50 or 51/49 joint venture (similar to the Grupo Aeromexico arrangement) and grant Aeroplan another 20 year license with terms not quite as generous as the current plan. AC walks away with 50% of the cash flow and doesn't need to spend the capital, time and effort required to start up their own program.