Originally Posted by
pitz
Although it was spun out in an era where literally anything that had a 'yield' attached to it could be sold to gullible senior citizens looking to park money in 'income trusts', were there not long-term contracts that guaranteed that AC couldn't just dump AP in its entirety? Does anyone have the Aeroplan prospectus from the time? SEDAR link?
The long-term contract in question runs until June 2020. It is renewable as-is with both parties consent, but I can't think of any possible circumstance where that consent will be given.
The present contract defines the minimum mileage purchase per year by AC, the minimum ticket purchases by AP, binds AC to use only AP for their mileage program, sets the minimum level of reward seats that must be released, et...