Aeroplan lands in arms of Porter as it flees hostile AC offer

Canadian press says Aimia Inc., owners of Aeorplan, have a deal with Porter Airlines to become a preferred carrier the loyalty points program as of July 2020, when the current arrangement with Air Canada ends. Aimia has rejected a hostile bid for Aeroplan from an Air Canada-led group that includes the key Aeroplan credit card partners Toronto-Dominion Bank, Canadian Imperial Bank of Commerce and Visa Canada. Porter’s fleet of aircraft is only a fraction the size of Air Canada’s but Aimia has also been in discussions with the Oneworld airline alliance, whose members include British Airways, American Airlines and Cathay Pacific.