RE:RE:RE:Anyone had estimates on impact of AC absorption of workforceBest to bring up these questions early next year, during the February 28, 2019 Investor Day in Toronto. The 2018 Financial Results and 4thQ earnings will be announced on February 15. I doubt that all of the details around how AC Consortium will operate AP in the future is going to be shared in full, as loyalty programs tend to keep a good amount of information guarded. But without doubt, AC consortium is buying all of AP, and that implies that all supporting systems are part of the deal. There would not be much point in buying data only, as the bank partners already have a good portion of that.
As for bullying Aimia, you got it wrong. As an active AP member since 1993, I can say that AP has always been about Air Canada. A majority of AP clients would agree. All that nonsense about One World Alliance, and Porter etc etc was just froth. AC BOD knew it and worked out a deal that was good for the majority of AP members and for AC shareholders, and they had the clout to get the banks to cough up (something Aimia would never have been able to do). It's always been about AC.
54568546846357 wrote: Based on the unfolding of the events, do you feel that I was wrong in my posting? AC... did in fact bully Aim to sell Aeroplan. I'm not sure what you are accusing me of... I have 100% called this out on the first day of the announcement 2-3 years ago. This was the plan all along. As AIM shareholder I was glad to see that AIM did not accept the lowball offer. AC, TD, CIBC tried to bully into a low ball offer. It was great that there was a competent gatekeeper to make sure the previous BOD didn't F up like they did with Nectar. If Aimia was good for my investment pre AC buyout, it is only logical that it could be good to invest in AC. The reason i am asking if that with Aimia comes technology and knowledge. i wonder it AC will be able to unlock it. Is AC expecting to eventually phase out these 1000 employees which would mean a considerable severance cost? are they keeping them on which mean operational expenditure increase? I am trying to understand what is the plan and how they will absorb these employees and all other assets. I think that is a valid question when doing DD.