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
Nov 28, 2018, 9:40 am
#691
FlyerTalk Evangelist
Join Date: Jan 2002
Location: Canada
Programs: UA*1K MM
Posts: 23,301
That's not necessarily the right or the best strategy, at least assuming enough travel. Idea should be, one person always pays, the companion travels on reward whenever one has enough miles. Helps if person No.1 maintains SE status, so that rewards are easier to get. Also helps if spending enough to consistently travel in J.
Also, why would anyone have miles only in one program, and rely solely on that program for their award needs?
Nov 28, 2018, 11:26 am
#692
Join Date: Dec 2017
Location: SFO/YYZ
Programs: AC 25K, AS MVP Gold, BA Bronze, UA Silver, Marriott Titanium, Hilton Diamond, Hyatt Globalist
Posts: 2,467
Sometimes that's just how it goes if the only reasonable flights on your routes are the same airline. I fly YYZ-SFO a lot, and AC is the only reasonable option there. Used to credit to AP, now I credit to UA, but it's still all my eggs in one basket.
Nov 28, 2018, 11:28 am
#693
Join Date: Dec 2006
Location: YEG
Posts: 3,925
Totally depends on individual flyer's situation. AC is the airline I fly most, so is where I credit my miles. If I credited my UA flights to MP I'd likely end up with *S with both AC and UA. To me AC SE (or any AC *G level) beats having *S in multiple programs.
Nov 28, 2018, 11:34 am
#694
Join Date: Aug 2015
Location: YYZ
Programs: AC SE MM; SPG Plat
Posts: 424
Because I live in Toronto, fly almost exclusively domestic, and would much rather have SE status with AC than lower status with multiple airlines? And I prefer a non-miles credit card, so I don't build up points that way. But even if I did, it would be an AE card given where I live and my travel patterns. Why would anyone have miles in more than one program? (I get that some would, but for me - and most of my acquaintances - one program makes more sense than multiple.)
Nov 28, 2018, 11:47 am
#695
FlyerTalk Evangelist
Join Date: Jan 2002
Location: Canada
Programs: UA*1K MM
Posts: 23,301
Because one program cant get you everywhere?
There are different purposes for my BA miles than my UA miles. Just as there are different uses for my UA and my Aeroplan (well Amex) points.
Do people who solely have Aeroplan miles also invest in a single stock?
Sorry but I would rather have five 200,000 mile balances than a 1,000,000 of one airline.
There are different purposes for my BA miles than my UA miles. Just as there are different uses for my UA and my Aeroplan (well Amex) points.
Do people who solely have Aeroplan miles also invest in a single stock?
Sorry but I would rather have five 200,000 mile balances than a 1,000,000 of one airline.
Nov 28, 2018, 11:48 am
#696
FlyerTalk Evangelist
Join Date: Jun 2003
Location: YYC
Posts: 23,803
And no point in spreading over other programs.
Nov 28, 2018, 12:33 pm
#697
Join Date: Aug 2015
Location: YYZ
Programs: AC SE MM; SPG Plat
Posts: 424
Because one program cant get you everywhere?
There are different purposes for my BA miles than my UA miles. Just as there are different uses for my UA and my Aeroplan (well Amex) points.
Do people who solely have Aeroplan miles also invest in a single stock?
Sorry but I would rather have five 200,000 mile balances than a 1,000,000 of one airline.
There are different purposes for my BA miles than my UA miles. Just as there are different uses for my UA and my Aeroplan (well Amex) points.
Do people who solely have Aeroplan miles also invest in a single stock?
Sorry but I would rather have five 200,000 mile balances than a 1,000,000 of one airline.
And the single stock question is ridiculous. With stocks there are benefits to diversification. For you, there are benefits to diversification of points programs. For me, it's the opposite - even two programs would spread me too thin. And AC (or more broadly AE) can get me to lots of places that I want to go. For other places, there's always cash.
So, yes, for my situation I'd much rather have 1,000,000 in one program (to go with my SE status) than 200,000 in five. Not that I ever let it get anywhere near 1,000,000.
Nov 28, 2018, 12:40 pm
#698
Join Date: Jan 2017
Location: Halifax
Programs: AC SE100K, Marriott Lifetime Platinum Elite. NEXUS
Posts: 4,568
200,000 miles could get me and the GF nowhere I want to go, at least not in the style I'd want if I'm traveling for fun
Nov 28, 2018, 5:20 pm
#699
Join Date: Sep 2010
Location: YOW-YYZ-TPE
Programs: AC75, TD AeroInfiniteP, AmexBizPLAT, SPG-G HyattGlobby
Posts: 381
Rankourabu (ME) means to say is, " If possible, it was far better for me to have a diversified portfolio of FFP accounts with 400K+ in each than with 2M AE."
After all, if you want to try the F/J products with EK, EY,QF, SQ, JL, CX etc........ No way I would have got there with strictly an AE account. This was the main reason I diversified to multi accounts 10 years ago, and while I LOVE LH, OZ, NH,-F, plus other *A in J. No way I get to try the other airlines with just Multi-M points strictly in an Aeroplan account.
I still use AE, and love it as a Canadian, but my needs for variety changes as you discover what else is out there. having said that, I am heading from YOW>YWG in Y, so.........
LFC
After all, if you want to try the F/J products with EK, EY,QF, SQ, JL, CX etc........ No way I would have got there with strictly an AE account. This was the main reason I diversified to multi accounts 10 years ago, and while I LOVE LH, OZ, NH,-F, plus other *A in J. No way I get to try the other airlines with just Multi-M points strictly in an Aeroplan account.
I still use AE, and love it as a Canadian, but my needs for variety changes as you discover what else is out there. having said that, I am heading from YOW>YWG in Y, so.........
LFC
Nov 28, 2018, 5:31 pm
#700
FlyerTalk Evangelist
Join Date: Jan 2002
Location: Canada
Programs: UA*1K MM
Posts: 23,301
Rankourabu (ME) means to say is, " If possible, it was far better for me to have a diversified portfolio of FFP accounts with 400K+ in each than with 2M AE."
After all, if you want to try the F/J products with EK, EY,QF, SQ, JL, CX etc........ No way I would have got there with strictly an AE account. This was the main reason I diversified to multi accounts 10 years ago, and while I LOVE LH, OZ, NH,-F, plus other *A in J. No way I get to try the other airlines with just Multi-M points strictly in an Aeroplan account.
I still use AE, and love it as a Canadian, but my needs for variety changes as you discover what else is out there. having said that, I am heading from YOW>YWG in Y, so.........
LFC
After all, if you want to try the F/J products with EK, EY,QF, SQ, JL, CX etc........ No way I would have got there with strictly an AE account. This was the main reason I diversified to multi accounts 10 years ago, and while I LOVE LH, OZ, NH,-F, plus other *A in J. No way I get to try the other airlines with just Multi-M points strictly in an Aeroplan account.
I still use AE, and love it as a Canadian, but my needs for variety changes as you discover what else is out there. having said that, I am heading from YOW>YWG in Y, so.........
LFC
I've gotten amazing value out of Aeroplan going back to F RTW days for 120k and no scamcharges before the 2011 devaluation and YQization.
Mostly because the cost of acquisiton of Aeroplan miles is close to zero - and by the looks of it will continue to be zero when the new regime takes over thanks to TD/CIBC/AMEX
I find the blind loyalty to Aeroplan of some of the posters here quite fascinating, but I understand everyone has their reasons.
Nov 28, 2018, 6:17 pm
#701
Suspended
Join Date: Sep 2014
Programs: AC SE100K-1MM, NH, DL, AA, BA, Global Entry/Nexus, APEC..
Posts: 18,877
Nov 30, 2018, 4:47 am
#702
Suspended
Join Date: Oct 2009
Location: Kan@da
Programs: Anything with sweet spots
Posts: 1,790
Nov 30, 2018, 5:00 am
#703
Join Date: Nov 2017
Posts: 3,359
Safe Travels,
James
Dec 24, 2018, 10:36 am
#704
Join Date: Nov 2017
Posts: 3,359
ÉrrorPlan Acquisition Receives Regulatory Approval
Looks like the ÉrrorPlan acquisition has received regulatory approval - it's now left to a shareholders vote which I suspect will clear no problem:
From the official release:
Source : Air Canada
Safe Travels,
James
From the official release:
MONTREAL, Dec. 24, 2018 /CNW Telbec/ - Air Canada today announced that the acquisition of Aimia Inc.'s ("Aimia") Aeroplan loyalty business has cleared regulatory requirements, following the receipt of the required confirmation under the Canada Transportation Actand a "no action letter" issued by the Canadian Competition Bureau. This follows the conclusion of the definitive share purchase agreement with Aimia for the acquisition of Aimia Canada Inc. ("Aimia Canada"), owner and operator of the Aeroplan loyalty business.
Concurrently with the signing of the share purchase agreement announced Nov. 26, 2018, Air Canada, The Toronto-Dominion Bank ("TD"), Canadian Imperial Bank of Commerce ("CIBC"), and Visa Canada Corporation ("Visa") signed various commercial agreements relating to and in support of the acquisition, including credit card loyalty program and network agreements for future participation in Air Canada's new loyalty program, all of which are conditional upon closing of the acquisition of Aimia Canada. 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.
The aggregate purchase price for the acquisition of Aimia Canada consists of $450 million in cash subject to post-closing adjustments and includes the assumption of approximately $1.9 billion of Aeroplan Miles liability. Air Canada will receive payments from TD and CIBC in the aggregate amount of $822 million. Visa will also be making a payment to Air Canada. In addition, TD and CIBC will make payments to Air Canada, at closing, in the aggregate amount of $400 million as prepayments to be applied towards future monthly payments in respect of Aeroplan miles.
The closing of the acquisition, expected to occur in January 2019, remains subject to the satisfaction of customary conditions as well as Aimia shareholder approval which will be sought by Aimia at its special meeting of shareholders scheduled for January 8, 2019.
Concurrently with the signing of the share purchase agreement announced Nov. 26, 2018, Air Canada, The Toronto-Dominion Bank ("TD"), Canadian Imperial Bank of Commerce ("CIBC"), and Visa Canada Corporation ("Visa") signed various commercial agreements relating to and in support of the acquisition, including credit card loyalty program and network agreements for future participation in Air Canada's new loyalty program, all of which are conditional upon closing of the acquisition of Aimia Canada. 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.
The aggregate purchase price for the acquisition of Aimia Canada consists of $450 million in cash subject to post-closing adjustments and includes the assumption of approximately $1.9 billion of Aeroplan Miles liability. Air Canada will receive payments from TD and CIBC in the aggregate amount of $822 million. Visa will also be making a payment to Air Canada. In addition, TD and CIBC will make payments to Air Canada, at closing, in the aggregate amount of $400 million as prepayments to be applied towards future monthly payments in respect of Aeroplan miles.
The closing of the acquisition, expected to occur in January 2019, remains subject to the satisfaction of customary conditions as well as Aimia shareholder approval which will be sought by Aimia at its special meeting of shareholders scheduled for January 8, 2019.
Safe Travels,
James