Montreal advised Aimia on sale of Aeroplan loyalty program to Air Canada for C$497m

Our Montreal office acted as counsel to Aimia Inc. in connection with the sale of all of the shares of Aimia Canada Inc. the owner and operator of the Aeroplan loyalty program business, to Air Canada, pursuant to the share purchase agreement entered into and announced on November 26, 2018. Gross transaction proceeds at closing amounted to approximately C$497m, after initial closing adjustments of C$47m.

The team was co-led by Stephen J. Kelly and Elliot Shapiro and included Amar Leclair-Ghosh, Peter Wiazowski, Andrea Brewer, Robert Percival, Meghan Stewart, Stephen Nattrass, Julia Godolphin and Carl Boulva.