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2mo ago

Air Canada Sells 25% of Aeroplan to Blackstone and Pension Funds for $2.5 Billion

Proceeds are earmarked to repay about $1.7 billion of maturing bonds, fund an $800 million tender share buyback, leave Air Canada in day-to-day control of Aeroplan, preserving a five-to-eight-year option to repurchase the stake.