Blackstone Leads $1.8 Billion Air Canada Loyalty Plan Stake Deal

Blackstone Inc. and a group of Canadian pension funds acquired a quarter of Air Canada’s Aeroplan loyalty program for C$2.5 billion ($1.8 billion), the airline announced Tuesday.

By Thomas Seal and Stephanie Hughes · Bloomberg Markets

Blackstone Inc. and a group of Canadian pension funds acquired a quarter of Air Canada’s Aeroplan loyalty program for C$2.5 billion ($1.8 billion), the airline announced Tuesday.