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Blackstone Leads $1.8 Billion Air Canada Loyalty Plan Stake Deal

Blackstone Inc. and a group of Canadian pension funds acquired a quarter of Air Canada’s Aeroplan loyalty program for C$2.5 billion ($1.8 billion), the airline announced Tuesday.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

More in Finance & Markets

Litigation costs a factor as ASB net profit drops to $1.3b

ASB is the first of the big four Australian-owned banks to report its New Zealand result.

  • ASB's net profit drops to NZ$1.3 billion, a 2% decrease
  • $135 million settlement from class action lawsuit impacts costs
  • Home lending sector grows by 6% to NZ$84.5 billion