RE:Calin RovinescuAn extra $100 million to $150 million?
Humm...looks like they are pulling from their petty cash fund.
They will need to look a little bit harder and remember where they hid the gold.
Air Canada values their new loyalty program at over $2 billion (NPV) and they would need to build it from scratch. Lots of risks with that strategy. They may attract their elite frequent fliers...but it would be a tiny fraction of the current Aeroplan members.
Aeroplan 2.0 has a 5 million member lead over Air Canada's potential new program.
Plus, Aeroplan 2.0 has global potential.
CCAUTB0 wrote: Has already said he'd top it up 100 to 150 Mill. at most in another news link somone posted yesterday. So now were at $400 Mill. if taken would be the minimum cash portion. Wonder if Mittleman is in the green at this price. They have a board member, but the baord decision may not have to be unamious.
This could even go to a court battle before anything happens, nothing will be finalized anytime soon.