Tightening Aimia/Aeroplan's Screws and Air Canada's Nuts Interesting article.
Also, what a co-incidence that Air Canada is "…analyzing the potential for cutting some of its seating capacity in the fourth quarter…"
If Air Canada is looking at how to tighten the screws on Aimia/Aeroplan…it may be time to tighten the nuts of Air Canada with the continued rollout of Aeroplan 2.0
If you see any puns...enjoy!
https://globalnews.ca/news/4357133/air-canada-fares-fuel-costs/
Here is a relevant excerpt:
"Other Air Canada executives told analysts in a conference call Friday that the company was analyzing the potential for cutting some of its seating capacity in the fourth quarter as another response to the higher fuel prices.
In the shorter term, they said, Air Canada is waiting Aimia Inc.’s response to a bid by the airline and its credit card partners to acquire the Aeroplan loyalty points business. The consortium said the offer will expire on Thursday.
He said Air Canada hasn’t deviated from its plan to set up its own in-house loyalty program but sees this week’s acquisition proposal as a way to retain a partnership with Toronto-Dominion Bank and Canadian Imperial Bank of Commerce, which currently offer Aeroplan Visa credit cards.
“We have not abandoned our plans to launch our own loyalty plan in 2020. If Aeroplan is acquired, Aeroplan miles would simply be converted to our new program . . . (allowing for) a smooth transition for Aeroplan members.”
But Rovinescu said Aimia’s board has the option of rejecting the proposal and adopting a go-it-alone strategy for Aeroplan, without Air Canada as a redemption partner.
“Of course, we see value in continuing with our two incumbent credit card partners that are in that (Aeroplan) program, TD and CIBC, if that’s feasible. . . . But if it’s not, then it’ll have to be with other bank partners. . . . ""