Under the terms of the loyalty agreement, TD will be the primary credit card issuer for Air Canada`s new loyalty program when it starts from 2020 to 2030. The Loyalty Agreement was entered into in connection with the conclusion of a final share purchase agreement with Aimia Inc. (“Aimia”) for the acquisition of Aimia Canada Inc., which operates Aeroplan`s loyalty business (the “Transaction”). Completion of the transaction is subject to compliance with certain conditions, including obtaining consent from Aimia shareholders and customary administrative approvals. The loyalty agreement will enter into force on the date of the conclusion of the transaction. The transaction is expected to bring significant added value to Aimia`s stakeholders and the agreement in principle has been unanimously approved by Aimia`s Board of Directors, on the recommendation of the Special Committee of Independent Directors. Mittleman Brothers, LLC, Aimia`s largest shareholder, which owns approximately 17.6% of Aimia`s common stock, has submitted a lock-in and support agreement in which it has agreed to vote in favor of the proposed transaction. The transaction is subject to the satisfactory completion of the final transaction documents, the agreement of Aimia`s shareholders and certain other conditions, including due diligence, obtaining customary administrative approvals and entering into credit card and network loyalty agreements by the consortium for future participation in Air Canada`s new loyalty program. First of all, the annual card fee for the first year will be completely reduced, both for the primary cardholder ($139) and for an additional cardholder ($75), which is especially handy if you want to share the account with a loved one.
3X Miles for travel and dining, including flights, hotels, car rentals, cruises and restaurants Travel cheaper, better, faster, longer – it sounds like a Kanye West song, but it`s the hotly contested destination for travel pirates all over the world who strategically hunt points, rewards and miles to earn as many free trips as . Read More All forward-looking statements contained in this document reflect only the views of management at the time of this publication and are used to assist the Bank`s shareholders and analysts in understanding the Bank`s financial position, objectives and priorities, as well as the expected financial performance and for the periods ending on the days presented. and may not be suitable for other purposes….