Blackstone Leads $1.8 Billion Air Canada Loyalty Plan Stake Deal
Blackstone Inc. and Canadian pension funds have acquired a 25% stake in Air Canada's Aeroplan loyalty program for C$2.5 billion ($1.8 billion). This significant investment values the loyalty program at approximately C$10 billion and represents a major monetization of one of Air Canada's key assets. The deal highlights the growing value investors see in airline loyalty programs as recurring revenue streams.
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Blackstone Leads $1.8 Billion Air Canada Loyalty Plan Stake Deal
Blackstone Inc. and Canadian pension funds have acquired a 25% stake in Air Canada's Aeroplan loyalty program for C$2.5 billion ($1.8 billion). This significant investment values the loyalty program at approximately C$10 billion and represents a major monetization of one of Air Canada's key assets. The deal highlights the growing value investors see in airline loyalty programs as recurring revenue streams.
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