RE:RE:Microeconomics Aeroplan valuation is secretly guarded for now. For a good reason. It's not being factored into AC's unencumbered assets. And it is unencumbered because unlike US based airlines they have never pledged it as collateral for any loans. The real secret is that Aeroplan valuation when it will be revealed is several billion $ more than current market cap for AC. Management and BOD knows all this. They want the pilots contracting to be done, Moody's and Fitch satisfied with their conservative approach, then let's watch them reveal information on Aeroplan.
GLTA