Originally Posted by
vernonc
Aimia can have other airline partners, AE cannot. At least not till the AC contract ends.
I don't understand this sentence. Aimia is a company, and they can partner with airline partners. Aeroplan is a program that is (currently) owned by Aimia. I'm not sure what it means to have a
program partner with a company.
Besides, the point I'm making is that Aimia should have been diversifying more .... if Aimia had signed up 15 new airline partners (one per year), then the loss of Air Canada (with or without Aeroplan) would have had a much smaller impact on the Aimia valuation overall ... and from that, it would likely have increased the perceived value of the Aeroplan program.
Air Canada are only getting (bidding for) Aeroplan for a steal, because Aimia have allowed themselves to get backed into a corner.