Shareholders of current Aeroplan owner Aimia Inc. are scheduled to vote on the cash deal on Jan. 8.

Air Canada has signed a definitive agreement to buy the Aeroplan loyalty program from Aimia Inc. for $450 million in cash.

In late August, the Montreal-based company hired Nathaniel Felsher from Deutsche Bank in New York, where he co-headed the firm's aviation corporate and investment banking group.

Hundreds of Mac's Convenience Stores across Western Canada will be rebranded as Circle K by 2019, the Quebec-based parent company Alimentation Couche-Tard announced Thursday.

The deal could be good news for Aeroplan members, but details are scant.

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.

Aimia Inc. has signed Aeroplan partnership agreements with two more Canadian airlines that will take effect in about two years, after its current agreement with Air Canada ends in 2020.

Aimia Inc., which runs Aeroplan Miles, announced Friday that Toronto-based Porter Airlines will become a preferred airline.

The announcement follows Aimia's rejection of a bid for Aeroplan from an Air Canada-led group.

Air Canada's revenue for the three months ended June 30 was in line with estimates at $4.33 billion, up from $3.91 billion in the second quarter of 2017.