Corporate History
When it was created in 1984, Aeroplan program's operations were fully integrated with those of Air Canada. 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 creating the world's first publicly traded loyalty program - Aeroplan Income Fund.
On December 20, 2007, Aeroplan Income Fund acquired Loyalty Management Group, a loyalty marketing and customer driven insight and analysis business that owns and operates Nectar, the UK's leading coalition loyalty program.
On May 28, 2008, ACE Aviation Holdings disposed of its remaining holdings in the fund. As such the Aeroplan program is no longer under direct control of Air Canada.
Initially created as an income trust, Aeroplan Income Fund converted to a public corporation on June 25, 2008 and subsequently changed its name to Groupe Aeroplan Inc. On October 5, 2011, Groupe Aeroplan Inc. changed its name to Aimia
Read more about this topic: Aeroplan
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