Blackstone-Led Group Acquires Quarter Stake in Air Canada's Aeroplan for $1.8 Billion

Blackstone Inc., alongside Canadian pension funds, has acquired a 25% stake in Air Canada’s Aeroplan loyalty program for C$2.5 billion ($1.8 billion), as announced by the airline.

11 Aug, 22:00 — 11 Aug, 22:00

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bloombergHigh17d ago

Blackstone Leads $1.8 Billion Air Canada Loyalty Plan Stake Deal

Blackstone Inc. and a group of Canadian pension funds acquired a quarter of Air Canada’s Aeroplan loyalty program for C$2.5 billion ($1.8 billion), the airline announced Tuesday.

By Thomas Seal and Stephanie Hughes

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Blackstone-Led Group Acquires Quarter Stake in Air Canada's Aeroplan for $1.8 Billion

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Blackstone Leads $1.8 Billion Air Canada Loyalty Plan Stake Deal

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