Aug 21, 2018, 8:23 am
Last edit by: yyznomad
For those of you interested only in the revised $450-million deal and related discussion, it starts on post 418:
https://www.flyertalk.com/forum/air-canada-aeroplan/1926409-update-aimia-accepts-air-canada-td-cibc-visa-revised-450-million-aeroplan-bid-28.html#post30109427
https://www.flyertalk.com/forum/air-canada-aeroplan/1926409-update-aimia-accepts-air-canada-td-cibc-visa-revised-450-million-aeroplan-bid-28.html#post30109427
Update: Aimia accepts Air Canada, TD, CIBC & Visa revised $450-million Aeroplan bid
Oct 1, 2018, 3:33 pm
#601
FlyerTalk Evangelist
Join Date: Jun 2003
Location: YYC
Posts: 23,810
Maybe those of us who fly a lot and work the program know what we are in for. I've burned down about 800,000 points in the last 13 months. Down to 15,000 miles. As SE and with MrsITAG SE, we'll continue to accrue, but until we know what is going on, it's 'burn baby burn.'
Oct 2, 2018, 7:02 pm
#602
FlyerTalk Evangelist
Join Date: Jan 2002
Location: Canada
Programs: UA*1K MM SK EBG LATAM BL
Posts: 23,314
I feel like I m missing out? Am I?
Oct 2, 2018, 7:52 pm
#603
Join Date: Aug 2015
Location: YYZ
Programs: AC SE MM; SPG Plat
Posts: 424
That said, I've never seen the value in Air Miles either.
Oct 2, 2018, 7:54 pm
#604
Join Date: Aug 2013
Location: YVR - MILLS Waypoint (It's the third house on the left)
Programs: AC*SE100K, wood level status in various other programs
Posts: 6,233
Good for toasters. And coffee machines.
Oct 3, 2018, 4:33 am
#605
Join Date: Apr 2016
Location: YHZ/YQM
Programs: Aeroplan
Posts: 1,618
I occasionally get $10 off my grocery order. That's better than a toaster. The dream miles have very little value now. I burned all of mine up on hotel rooms, but I get much better return on using cash miles for food. Air Miles are worse than useless for TATL flying.
Oct 3, 2018, 8:42 am
#606
Join Date: Dec 2015
Location: YHZ
Programs: AC SE100K, AC 1MM, Marriott Gold, Hilton Gold,Hertz something or other, Sandals Sapphire, etc
Posts: 1,163
Air Miles almost never trump Aeroplan for flying, unless I am out of priority awards, or there is a better option on another airline. Even as an Onyx member the "discounted" flights never seem to be available.
Nov 26, 2018, 7:17 am
#607
A FlyerTalk Posting Legend
Join Date: May 2002
Location: YEG
Programs: HH Silver
Posts: 56,452
https://business.financialpost.com/p...or-450-million
MONTREAL — Air Canada has signed a definitive agreement to buy the Aeroplan loyalty program from Aimia Inc. for $450 million in cash.
Under the deal, Air Canada will also assume $1.9 billion of Aeroplan miles liability. The definitive agreement follows an announcement in August of a tentative sale.
MONTREAL — Air Canada has signed a definitive agreement to buy the Aeroplan loyalty program from Aimia Inc. for $450 million in cash.
Under the deal, Air Canada will also assume $1.9 billion of Aeroplan miles liability. The definitive agreement follows an announcement in August of a tentative sale.
Nov 26, 2018, 7:20 am
#608
Join Date: Jan 2014
Location: YYC
Programs: A3, AC
Posts: 140
Email from TD about the above:
I am pleased to be writing to you today to share the news that we have finalized a long‑term agreement with Air Canada to be the primary credit card issuer for Air Canada's new loyalty program when it launches in 2020.1With this agreement, we are excited to have taken this important step to secure long-term stability, continuity and value for millions of Canadians, including you, our TD Aeroplan customers. We believe you will be happy with the benefits and choice the new Air Canada loyalty program will give you when it comes to meeting your travel needs.You can continue to earn and redeem Aeroplan Miles as you do today, and your current Aeroplan Miles will transition to the new Air Canada loyalty program in 2020.1In the meantime, should you have any questions about your Aeroplan membership or the Aeroplan program, you should contact Aimia at 1‑800‑361‑5373 or visit www.aeroplan.com.Here's a link to Q&As for additional information. If you have additional questions about your TD Aeroplan credit card, please call us at 1‑800‑983‑8472.Thank you for your continued business.Katy Boshart
Canadian Credit Cards
Canadian Credit Cards
Nov 26, 2018, 7:27 am
#609
Moderator, Air Canada; FlyerTalk Evangelist
Join Date: Feb 2015
Location: YYC
Programs: AC SE MM, FB Plat, WS Plat, BA Silver, DL GM, Marriott Plat, Hilton Gold, Accor Silver
Posts: 16,780
A couple of key points:
So there may be a role for Amex to play, although it's odd that it refers to Aeroplan rather than the new AC program. I can't see AC maintaining both a new program and Aeroplan.
Also, some info on the financials of the whole thing: https://www.cbc.ca/news/business/air...imia-1.4920551
(For those of you not counting, the banks are paying the entire purchase price and then some, in order to get this deal done with AC, including securing arrangements on the post-2020 AC program. There's also an unspecified payment from Visa Canada on top of that. So, once again, AC did not buy Aimia, nor did it buy Aeroplan.)
Additionally, Air Canada remains in negotiations with American Express, which also issues Aeroplan co-branded products, to secure its continued participation in the Aeroplan program after 2020.
Also, some info on the financials of the whole thing: https://www.cbc.ca/news/business/air...imia-1.4920551
(For those of you not counting, the banks are paying the entire purchase price and then some, in order to get this deal done with AC, including securing arrangements on the post-2020 AC program. There's also an unspecified payment from Visa Canada on top of that. So, once again, AC did not buy Aimia, nor did it buy Aeroplan.)
Nov 26, 2018, 7:36 am
#611
Join Date: Jun 2008
Location: YYC, Canada
Programs: AC 35k
Posts: 1,898
Nov 26, 2018, 7:45 am
#612
FlyerTalk Evangelist
Join Date: Jan 2002
Location: Canada
Programs: UA*1K MM SK EBG LATAM BL
Posts: 23,314
Do I get anything?
I cant see AC give up the AMEX transfers, especially in the US market.
Nov 26, 2018, 8:47 am
#613
Join Date: Nov 2008
Location: Canada
Programs: Marriott LT Gold, IHG Club, Hertz Gold, Aeroplan, Avios, SkyMiles, Thrifty, AMEX
Posts: 985
I can tell you that both MamaTwick and I found the email confusing, as it makes no mention of the sale of Aeroplan - it almost acts as if it doesn't exist. Whether AC is proceeding or not with the setting up of their own program, they're essentially building it on the carcass of AE, and for the email to not even acknowledge that is strange to say the least
As Membership Rewards and their associated cards are completely separate from the AMEX co-branded Aeroplan cards, I would say absolutely nothing.
Nov 26, 2018, 9:29 am
#614
Join Date: Apr 2018
Location: Ontario Canada
Programs: Air Canada 50K - Hilton Diamond - Marriott Platinum
Posts: 283
how have you earned so little? i have almost 6k just this year... its not hard to watch for promo's and other bonus miles opportunity's . 800 sounds like $16000 worth of base miles at Sobeys and LCBO of 1 per $20 as you can see base is useless its all about promos
still seems amex is in talks according to the CBC article so there cards will hopefully also stay
still seems amex is in talks according to the CBC article so there cards will hopefully also stay
Nov 26, 2018, 9:48 am
#615
Join Date: Dec 2007
Location: YYJ
Programs: AC SE*MM, Bonvoy LT Plat, HH Gold, National EE, Sixt Plat, Hz 5*
Posts: 2,441
So there may be a role for Amex to play, although it's odd that it refers to Aeroplan rather than the new AC program. I can't see AC maintaining both a new program and Aeroplan.
Also, some info on the financials of the whole thing: https://www.cbc.ca/news/business/air...imia-1.4920551
"The airline says it is still in talks with American Express, which also issues Aeroplan co-branded cards, to secure its continued participation"