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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.
From 1991 to 2014, CIBC was the primary issuer of credit cards as part of Air Canada's loyalty program, Aeroplan. In 2009, the airline loyalty program announced that a new agreement with Toronto-Dominion Bank would be effective 1 January 2014, ending the relationship with CIBC.
CIBC Bank USA is an American commercial bank headquartered in Chicago, Illinois.Founded in 1989 as The PrivateBank and Trust Company (doing business as The PrivateBank), a subsidiary of PrivateBancorp Inc., the company became a subsidiary of the Toronto-based Canadian Imperial Bank of Commerce (CIBC) after a US$5 billion acquisition in June 2017. [2]
Bearskin Airlines joined the Aeroplan when it entered into a commercial agreement with Air Ontario in fall 1988. It participated in the Aeroplan rewards program until June 30, 2018 (the airline merged with Perimeter Aviation on December 31, 2017). Since then, Bearskin Airlines is part of Perimeter Aviation's frequent flyer program, Connecting ...
United MileagePlus cards. A frequent-flyer programme (FFP) is a loyalty program offered by an airline.. Many airlines have frequent-flyer programmes designed to encourage airline customers enrolled in the programme to accumulate points (also called miles, kilometers, or segments) which may then be redeemed for air travel or other rewards.
In all other countries in which Air Miles programs operate, Aimia is the licensor and is not involved in program operation. In Canada, it competes directly with Aimia's former program, Aeroplan. Similarly, the former Air Miles program in the UK had no affiliation with the Nectar program operated by Aimia.
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.