Cranky Weekly Review presented by Oakland San Francisco Bay Airport: Air Canada Turns to PE, Delta Bootstraps Its Way to Paris
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Air Canada goes Private Equity
Air Canada is selling a 25% stake in its Aeroplan loyalty program to a group of well-intentioned and customer-loving individuals from Blackstone and Canadian pension fund La Caisse for a cool $2 billion. This puts the valuation of the program(me) at $8 billion, which its awfully high when compared to what the carrier currently holds in poutine futures.
Air Canada says it will retain control of the program (for now…we assume) and it will use the funds to
Air Canada is selling a 25% stake in its Aeroplan loyalty program to a group of well-intentioned and customer-loving individuals from Blackstone and Canadian pension fund La Caisse for a cool $2 billion. This puts the valuation of the program(me) at $8 billion, which its awfully high when compared to what the carrier currently holds in poutine futures.
Air Canada says it will retain control of the program (for now…we assume) and it will use the funds to
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