Aimia/Aeroplan: A New Era with Aeroplan 2.0 The Air Canada bully offer has expired and a new prosperous era for Aimia/Aeroplan 2.0 has begun.
It is business as usual at Aimia with likely more announcements about Aeroplan 2.0
Aimia has a global vision for Aeroplan 2.0 that blunderous Air Canada simply cannot compete with.
Remember, Air Canada is an airline and not a loyalty management/data analytics company like Aimia/Aeroplan.
In many ways, it was the exclusive arrangement with Air Canada that was holding back the potential of what Aeroplan could be.
Now, Aeroplan 2.0 is liberated to pursue a new global vision, with new senior management, and an improved Board of Directors for Aimia.
Onwards and upwards with Aeroplan 2.0.
Air Canada Offer:
What happens if Air Canada comes back and says they want to accept the Aimia/Aeroplan counter-offer of $450 million?
Well, it depends if blunderous Air Canada comes back at $450 million within a few hours, or even a few days...after they have had some time to lick their wounds.
Maybe…Aimia could consider accepting...maybe.
If Air Canada comes back in September or later expecting to acquire for $450 million...after more Aeroplan 2.0 announcements...
then...
The price goes up to reflect the new value of Aimia and Aeroplan 2.0.
The current fair value of Aimia is over $6/share.
The medium term value of Aimia with Aeroplan 2.0 is in the range of $9/share - $20/share.
Remember, Air Canada values its new loyalty program at $2 billion (NPV).
But, it could take 15 years for Air Canada's new loyalty program to acquire members and partners and become a mature program. It is starting with zero members.
Aimia and Aeroplan 2.0 are ready for take-off...right now.