Air Canada sells 25% stake in Aeroplan for $2.5 billion
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Air Canada Announces $2.5 Billion Minority Equity Investment in Aeroplan Led by Blackstone and La Caisse
August 11, 2026 5:40 PM EDTBlackstone and La Caisse are leading a $2.5 billion, 25% minority equity investment in Aeroplan, valuing the program at $10 billion Investor group also includes PSP Investments and British Columbia Investment Management Corporation Air Canada retains full control over Aeroplans strategy, operations and day-to-day management through its controlling interestAeroplan Members, partners and employees will experience no changes as a result of the transactionThe transaction supports investment in Air Canadas strategic plan and long-term growth and underscores the value of Aeroplans industry-leading loyalty program. Proceeds will be used... More
