Oneworld & Aimia (Aeroplan) Talking

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Canadian press was reporting yesterday that Oneworld and Aimia had held discussions possibilities to co-operate after the partnership between Air Canada and Aeroplan comes to an end in 2020.

Oneworld

Air Canada and financial institutions (read more here) made an offer to acquire Aeroplan business from Aimia for $250 million with liabilities that expires today. Possible tie up with Oneworld could open earning and redemption opportunities in that alliance, although there is no Oneworld affiliated airline in Canada.

Here’s an excerpt from BNN Bloomberg (access their piece here):

The Aeroplan parent confirmed Thursday it’s engaged in discussions with Oneworld airline alliance, whose members include American Airlines, British Airways and Cathay Pacific, after the Globe and Mail first reported on the talks late Wednesday.

Oneworld also confirmed the talks, telling BNN Bloomberg they are at “an early stage.”

“Oneworld has offered to explore ways of working with Aeroplan through a commercial partnership that would enable Aeroplan members to earn and redeem rewards on designated oneworld member airlines’ flights from 1 July 2020, when Aeroplan’s current relationship with Air Canada ends,” a spokesperson for Oneworld said in an emailed statement to BNN Bloomberg Thursday.

Conclusion

Difficult to see any other reasonable home for Aeroplan than a deal with Air Canada. Earning and redeeming with Oneworld certainly would be nice but would not help with access to domestic flights that members would  otherwise need to redeem at “market” rates.

Perhaps this is just a negotiation tactic to get Air Canada and its financial partners to sweeten their bid that is scheduled to expire today?

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