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
Jun 3, 2019, 1:41 pm
#781
A FlyerTalk Posting Legend
Join Date: May 2002
Location: YEG
Programs: HH Silver
Posts: 56,444
https://www.bnnbloomberg.ca/aeroplan...ents-1.1267842
Aeroplan sale price to Air Canada rises to $516M after post-closing adjustments
Aeroplan sale price to Air Canada rises to $516M after post-closing adjustments
Jun 3, 2019, 3:33 pm
#782
Join Date: Jan 2008
Posts: 187
Star alliance is shifting to a dynamic award system. It's been a year that the discussions has started and recently united just announced dynamic pricing on its metal starting in November. looks like Lufthansa group gonna follow soon (see article on forbes) and i guess Air Canada is not gonna be far behind.
if you have the miles, just burn them as quick as you can.
if you have the miles, just burn them as quick as you can.
Jun 3, 2019, 8:05 pm
#783
Join Date: Apr 2007
Location: Toronto, Ont., Canada
Programs: Aeroplan; Marriott Platinum; IHG Platinum; Best Western Diamond
Posts: 2,153
Star alliance is shifting to a dynamic award system. It's been a year that the discussions has started and recently united just announced dynamic pricing on its metal starting in November. looks like Lufthansa group gonna follow soon (see article on forbes) and i guess Air Canada is not gonna be far behind.
if you have the miles, just burn them as quick as you can.
if you have the miles, just burn them as quick as you can.
Trying to use up the miles, but keep getting
Service Temporarily Unavailable
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Jun 3, 2019, 8:40 pm
#784
Join Date: Feb 2007
Location: YVR
Programs: Erstwhile Accidental AC E35K
Posts: 2,913
See the definition of dynamic pricing here.
Apparently someone sees $515,999,999 more value in Aeroplan than I do.
Aeroplan sale price to Air Canada rises to $516M after post-closing adjustments.
Dec 5, 2019, 8:58 am
#785
A FlyerTalk Posting Legend
Join Date: May 2002
Location: YEG
Programs: HH Silver
Posts: 56,444
This seemed to fit best here:
https://www.cp24.com/news/aeroplan-w...nada-1.4716597
Aeroplan workers ratify collective agreement after joining Air Canada
https://www.cp24.com/news/aeroplan-w...nada-1.4716597
Aeroplan workers ratify collective agreement after joining Air Canada
Dec 5, 2019, 10:16 am
#786
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: 6,216
This seemed to fit best here:
https://www.cp24.com/news/aeroplan-w...nada-1.4716597
Aeroplan workers ratify collective agreement after joining Air Canada
Interesting. Assuming they don't all burn out due to the death march that is the Amadeus migration, that is.
https://www.cp24.com/news/aeroplan-w...nada-1.4716597
Aeroplan workers ratify collective agreement after joining Air Canada
Interesting. Assuming they don't all burn out due to the death march that is the Amadeus migration, that is.
May 28, 2020, 11:02 pm
#787
Join Date: Jan 2008
Posts: 3,946
Aimia vows to fight Air Canada's court move to halt upcoming merger
Update on AC & Amia Inc
TORONTO -- Aimia Inc. says it plans to defend itself against a move by Air Canada in Quebec Superior Court to halt a merger that the smaller company sees as key to its corporate reinvention.
The former owner of Aeroplan -- a rewards program that Aimia sold to Air Canada last year -- says Air Canada has filed an application for an injunction against Aimia's proposed merger of its money-losing loyalty points business with Kognitiv Corp.
Aimia says Air Canada's court filings allege that the transaction will result in breaches of non-competition and confidentiality provisions that Aimia agreed to when it announced the $720-million Aeroplan sale in November 2018.
https://www.bnnbloomberg.ca/aimia-vo...rger-1.1442626
TORONTO -- Aimia Inc. says it plans to defend itself against a move by Air Canada in Quebec Superior Court to halt a merger that the smaller company sees as key to its corporate reinvention.
The former owner of Aeroplan -- a rewards program that Aimia sold to Air Canada last year -- says Air Canada has filed an application for an injunction against Aimia's proposed merger of its money-losing loyalty points business with Kognitiv Corp.
Aimia says Air Canada's court filings allege that the transaction will result in breaches of non-competition and confidentiality provisions that Aimia agreed to when it announced the $720-million Aeroplan sale in November 2018.
https://www.bnnbloomberg.ca/aimia-vo...rger-1.1442626
May 29, 2020, 9:28 am
#789
Join Date: Dec 2006
Location: YEG
Posts: 3,925
True, but AC also views Aeroplan (whether old or relaunched version) as being key to its future plans. If Aimia is actually violating the terms of the purchase agreement, is AC supposed to just roll over, or protect its $720 million investment? If the agreement didn't contain a non-compete clause, I assume the purchase price would have been far less.
May 29, 2020, 9:36 am
#790
FlyerTalk Evangelist
Join Date: Mar 2005
Location: YYZ
Programs: AC*SE 2MM
Posts: 16,632
True, but AC also views Aeroplan (whether old or relaunched version) as being key to its future plans. If Aimia is actually violating the terms of the purchase agreement, is AC supposed to just roll over, or protect its $720 million investment? If the agreement didn't contain a non-compete clause, I assume the purchase price would have been far less.
We're not privy to the agreement between AC and Aimia, but it seems hard (at least for me) to see where Aimia's plans impinge in a meaningful way on AC's enjoyment of their Aeroplan acquisition. As always in legal agreements, the devil is in the details.
Guess we'll find out in 3-5 years.
May 29, 2020, 9:36 am
#791
Join Date: May 2015
Location: Vancouver
Programs: Aeroplan, Mileage Plus, WestJet Gold, AMEX Plat
Posts: 2,026
May 29, 2020, 11:20 pm
#792
Join Date: Dec 2008
Location: Delta, BC
Posts: 1,646
Well, non-competition is mentioned in AC court filings per the article and Kognitiv is at least marketing its Loyalty Capital Network as an alternative airline loyalty program, so maybe that is where the substance of the claim is.
Jun 19, 2020, 6:48 am
#793
A FlyerTalk Posting Legend
Join Date: May 2002
Location: YEG
Programs: HH Silver
Posts: 56,444
https://www.bnnbloomberg.ca/aimia-cl...suit-1.1452817
Aimia closes Kognitiv deal after court dismisses Air Canada suit
MONTREAL -- Aimia Inc. says it has closed a transaction with Kognitiv Corp. after the Quebec Superior Court dismissed an application from Air Canada to halt the merger.
The airline had argued that the transaction would breach non-competition and confidentiality provisions included in Aimia's $516-million sale of loyalty program Aeroplan to Air Canada in November 2018.
Aimia closes Kognitiv deal after court dismisses Air Canada suit
MONTREAL -- Aimia Inc. says it has closed a transaction with Kognitiv Corp. after the Quebec Superior Court dismissed an application from Air Canada to halt the merger.
The airline had argued that the transaction would breach non-competition and confidentiality provisions included in Aimia's $516-million sale of loyalty program Aeroplan to Air Canada in November 2018.