<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by msn:
You don't get your own point - Air Canada Aeroplan is not operated by an independent company - it is "independent
wholly-owned subsidiary of Air Canada" that has its own management, but is nothing more than an asset under Air Canada. If Air Canada would be liquidated, Aeroplan in its entirety would be sold to the highest bidder or wound down, whichever best addresses the interests of the creditors.
Aeroplan is in no way - at this point at least - an independent company and it derives it raison d'etre from Air Canada.
An example of an independent program would be Air Miles, the company based in the Netherlands, as opposed to the Loyalty group folks in Toronto.
A second, now wound up example, was Qualiflyer, which survived the Swiss meltdown and then was split amongst its dominant participants.
The fact that Air Canada made a subsidiary company in which to hold the Aeroplan program does not somehow make it independent! If your logic would hold true, then these UAL Corporation entities are "independent" as well:
UAL LOYALTY SERVICES INC
MILEAGE PLUS HOLDINGS INC
MILEAGE PLUS MARKETING INC
MY POINTS.COM INC
CYBERGOLD INC
MYPOINTS OFFLINE SERVICES INC
MILEAGE PLUS INC
Edited to add more companies.
[This message has been edited by msn (edited 06-01-2003).]</font>
HUH????