By Staff
The Canadian Press
Posted August 21, 2018 8:07 am EST
1 min read
This article is more than 5 years old and some information may not be up to date.
A consortium including Air Canada, TD Bank, CIBC and Visa Canada Corp. have reached a deal to acquire the Aeroplan loyalty program from Aimia Inc.
Story continues below advertisement
The group has agreed to pay $450 million in cash and assume approximately $1.9 billion of Aeroplan miles liability.
More coming.
© 2018 The Canadian Press