Air Canada Sells 25% Aeroplan Stake to Blackstone and Pension Funds, Keeps Control

Air Canada is selling a 25% minority stake in its Aeroplan loyalty program to a group led by Blackstone and the Quebec pension fund La Caisse. For members, the key point is what is not changing: Air Canada keeps full operational control and majority ownership, and no changes to how you earn or redeem Aeroplan points were announced. The proceeds go toward paying down Air Canada debt and buying back its shares.