Aimia remains open to negotiating fair deal with Air Canada,
https://www.cbc.ca/news/business/aimia-aeroplan-porter-1.4772738 Aimia Inc. says it remains open to negotiating a fair deal for the purchase of its Aeroplan loyalty program by Air Canada and its partners despite striking a deal with Toronto-based Porter Airlines and holding discussions with the Oneworld airline alliance. "We never stop negotiating. Should the consortium want to engage with us in a constructive dialogue, we would be happy to entertain that," Aimia CEO Jeremy Rabe said Friday during a conference call. "At the same time, we feel very confident about our future plans. So either or, we're happy to go down either path." Rabe insisted that Aimia didn't reject the Air Canada group's offer, but said it was very conditional and didn't fairly value the business. Air Canada, CIBC, TD and Visa offer to buy Aeroplan The consortium which includes Toronto-Dominion Bank, Canadian Imperial Bank of Commerce and Visa Canada initially offered $250 million cash and the absorption of $2 billion of mileage liability, but subsequently raised the offer to $325 million, still short of the $450 million Aimia believes would be a fair price. "We have a number of shareholders that are frankly pretty upset that we offered a number that low," Rabe said.