Aeroplan and Air Canada
The Date – The first thing you need to know is June 30, 2020 is that date when Air Canada terminates its contract from Aimia, which is the parent company of Aeroplan. After this date you will not be able to use Aeroplan to earn or redeem Air Canada or any other Star Alliance members’ points.
Aeroplan Points – The second thing you need to know is that your Aeroplan points after June 30, 2020 remain intact. Aeroplan points or miles will remain the same and they are not going anywhere. However, what you are losing is access to Air Canada or Star Alliance flights. Why this is so important? That’s in #3.
Flight Redemptions – The third and most important thing is that after June 30, 2020 you will not be able to redeem Aeroplan for flight resumptions for Air Canada or any Star Alliance members. Star Alliance is the world’s largest alliance and it has partners such as Air Canada, Singapore Airlines, Thai Airlines, Turkish Airlines, Lufthansa, Swiss Air and many others—28 total. Because Air Canada is a part of this alliance, Aeroplan has access to any alliance members for flight redemptions, especially for business class flights. Once Air Canada departs Aeroplan, you will lose that privilege and will not be able to redeem points for flights. You will still be able to redeem Aeroplan for gifts and merchandise but you will not get value out of your points.
Let me give you an example. My business class flight for my upcoming trip from Toronto to Dhaka gave me 7 cents per point return. You will never get this type of return redeeming for non-flight categories. So the best use for Aeroplan would be to redeem them for business class flights before the termination.
But be careful redeeming for business class flights, as some of the Star Alliance members charge hefty fuel surcharges. I have a video discussing the details of everything I mentioned here: