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May 18, 2005
Air Canada Aeroplan Spinoff May Be Imminent
Air Canada may be on the verge of spinning off its Aeroplan frequent flyer program with details being finalized as soon as the end of this week.They tried this a couple years ago, but details of their bankruptcy and reorganization financing stood in the way.
Word is the program is being valued at about US$1.18 billion, down slightly from earlier estimates.
Posted by gleff at May 18, 2005 8:16 AM
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