Possibly,
Ace, but for how long? When Pepsi spun off it's fast food restaurants (Pizza Hut, KFC, Taco Bell), AFAIK the only agreement was that Pepsi would remain the "prefered" beverage supplier for a renewable term. I think I read that the agreement's already been renewed, and the spinoff didn't happen that long ago. So the term must be short.
Say the aeroplan agreement states a period of ten years. That's plenty of time for Jazz to grow under the AC umbrella with the new revenue model and AC slowly dropping domestic routes. After ten years growth... pop... you buy or lease a couple extra aircraft, go transcon, maybe expand on the US routes, cut the codeshares with AC, keep all the aeroplan loyalty, join oneworld and BAM. No more AC. Hey, and if you managed to purchase the Canadian Regional name along with jazz, switch back to that but use really small type for "Regional". Long live the goose
