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On August 21, 2018, Aimia agreed to sell Aeroplan to Air Canada, TD Bank, CIBC and Visa. [9] November 2018: Aimia signs definitive agreement to sell Aeroplan to Air Canada, TD Bank, CIBC, and Visa for $450 million in cash. [10] January 2019: Aimia completes sale of Aeroplan to Air Canada [11]
Aeroplan is the frequent-flyer program [1] owned by Air Canada, Canada's flag carrier. The Aeroplan program was created in July 1984 by Air Canada as an incentive program for its frequent flyer customers. In 2002 it was spun off as a separate corporate entity and eventually sold to Aimia.
TD cashback and Aeroplan cards. BMO cashback and Ascend World Elite Mastercards. CIBC Aventura and cashback Visa cards. Scotiabank Visa and American Express cards. American Express cards. MBNA ...
Simplii Financial is a Canadian direct bank and the digital banking division of the Canadian Imperial Bank of Commerce (CIBC). It offers no-fee chequing and savings accounts, a VISA credit card, Guaranteed Investment Certificates (GICs), mortgages and mutual funds.
As part of its purchase of MasterCard from Citibank Canada in 2010, CIBC acquired the co-branded Petro-Canada rewards credit card and continues to jointly market the card. [22] From 1991 to 2014, CIBC was the primary issuer of credit cards as part of Air Canada's loyalty program, Aeroplan .
CIBC Wood Gundy is the Canadian full-service retail brokerage division of CIBC World Markets Inc., a subsidiary of the Canadian Imperial Bank of Commerce (CIBC). Through its network of over 1,000 investment advisors working in 80 locations across Canada, CIBC Wood Gundy offers an array of investment and insurance products and services.
To do this, Grupo Aeroméxico and Groupe Aeroplan created Premier Loyalty & Marketing, S.A.P.I. de C.V. ("PLM") company to operate Club Premier, now Aeroméxico Rewards In December 2012, Groupe Aeroplan invested another US$88 million to acquire 20% more of PLM, AIMIA controlled 49% of PLM and Aeroméxico 51%.
The bank was founded in 2002 as FirstCaribbean International Bank through the merger of the Caribbean operations of Barclays Bank and CIBC, and in March 2006 both CIBC and Barclays announced that Barclays wished to exercise their option to exit the Caribbean venture completely resulting in CIBC gaining majority-control of the bank. In June 2011 ...