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enRoute card. enRoute was a credit card issued by Air Canada until 1992, when the airline sold its credit card division to Diners Club.. The card was developed only for Air Canada transactions, but over time, the card was expanded into a more general credit card for business travellers, being accepted by hotels, restaurants, and other merchants.
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In 2002, Aeroplan was spun off as a wholly owned subsidiary of Air Canada. In June 2005, Air Canada's parent company, ACE Aviation Holdings, sold 12.5% of Aeroplan for $250 million through an initial public offering, thereby creating the world's first publicly traded loyalty program, Aeroplan Income Fund, at a valuation of $2 billion.
Air Canada's predecessor, Trans-Canada Air Lines (TCA), was created by federal legislation as a subsidiary of Canadian National Railway (CNR) on 11 April 1937. [16] [17] The newly created Department of Transport under Minister C. D. Howe desired an airline under government control to link cities on the Atlantic coast to those on the Pacific coast.
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Staples stopped accepting Air Miles cards in July of that year, and Sobeys and Safeway stores will begin phasing out acceptance of Air Miles after 10 August 2022. [ 20 ] [ 21 ] [ 22 ] On 10 March 2023, Air Miles' owner filed for bankruptcy in Canada, and Chapter 11 bankruptcy in the US, and entered in to purchase agreement with Bank of Montreal ...
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