Aeroplan, Air Canada, Oneworld, & Porter Airlines
Loyalty Program Aeroplan had a few runs in the news again for some recent developments. We heard about the failed unsolicited $250 million hostile bid where Air Canada partnered with 3 other financial institutions—TD Bank, CIBC Bank, and Visa —and attempted to purchase Aeroplan.
Also, more news broke out that Aeroplan and Toronto-based airline Porter formed a partnership that will make Porter Airlines a preferred Canadian partner for the Aeroplan loyalty points program and let Aeroplan members earn and redeem miles on Porter flights starting July 2020.
July 2020 is also the deadline when Air Canada splits from Aeroplan.
And then there was the news that Aeroplan is in talks with another alliance, Oneworld, to form a partnership. Oneworld is an alliance of 13 of the world's leading airlines (+ other affiliate partners) and has partners such as American Airlines, British Airways, Qantas, Cathay Pacific, Canadian Airlines, etc.
Currently, Aeroplan is a part of Star Alliance through Air Canada, which will end in 2020.
After absorbing all these developments, readers may naturally ask whether they should redeem Aeroplan now or hold on to it to redeem later? I will answer these questions in a video I just published.