Originally Posted by Shareholder

And given Aeroplan's presence in the UK -- having bought the Air Miles franchise and now expanding it with a new brand and may new retail partners -- I would expect AE would bit to take over the BD program and buy it outright from BD/LH rather than it being spun off as a separate company. Though even this would be most unlikely given LH's increased involvement with BD and the potential of an EU-wide card program if LH ever wanted to head in that direction.