Asset manager Blackstone and Quebec’s La Caisse pension fund have agreed to acquire a 25% stake in Air Canada’s loyalty-points program for nearly$2 billion, which the airline said would help in its pursuit of an investment-grade rating.

Blackstone and Quebec’s La Caisse pension fund have agreed to acquire a 25% stake in Air Canada’s Aeroplan loyalty program for nearly $2 billion. Air Canada stated that this investment would assist in its pursuit of an investment-grade rating.

Blackstone, La Caisse to Buy 25% of Air Canada’s Aeroplan Loyalty Program

Blackstone Inc. and a group of Canadian pension funds are buying a 25% stake in Air Canada’s Aeroplan loyalty program for C$2.5 billion ($1.8 billion).

Blackstone Inc. and a group of Canadian pension funds are acquiring a 25% stake in Air Canada’s Aeroplan loyalty program for C$2.5 billion ($1.8 billion).

Blackstone Strikes $1.8 Billion Deal for Air Canada Loyalty Unit

MONTR&#201;AL, 11 ao&#251;t 2026 (GLOBE NEWSWIRE) -- Air Canada a annoncé aujourd’hui que des fonds gérés par Blackstone et La Caisse, avec d’autres institutions canadiennes de premier plan, réaliseront un investissement minoritaire en actions de 2,5 milliards de dollars dans Aéroplan inc. Les modalités de l’opération prévoient que le groupe d’investisseurs acquerra une participation de 25 % ne donnant pas le contrôle dans Aéroplan, conférant une valeur de 10 milliards de dollars1 au programme.

Air Canada announced a $2.5 billion minority equity investment in Aéroplan, led by funds managed by Blackstone and La Caisse, along with other leading Canadian institutions. The deal will see the investors acquire a 25% non-controlling stake in Aéroplan, valuing the program at $10 billion.

Air Canada annonce un investissement minoritaire en actions de 2,5 milliards de dollars dans Aéroplan mené par Blackstone et La Caisse

MONTR&#201;AL, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Air Canada today announced that funds managed by Blackstone and La Caisse, together with other leading Canadian institutions, are making a $2.5 billion minority equity investment in Aeroplan Inc. The transaction terms provide that the investor group is acquiring a 25% non-controlling equity interest in Aeroplan, valuing the program at $10 billion.1

Air Canada announced a $2.5 billion minority equity investment in Aeroplan Inc., led by funds managed by Blackstone and La Caisse, along with other Canadian institutions. The investor group will acquire a 25% non-controlling equity interest in Aeroplan, valuing the program at $10 billion.

Air Canada Announces $2.5 Billion Minority Equity Investment in Aeroplan Led by Blackstone and La Caisse

Air Canada has confirmed a $2.5 billion minority equity investment in its Aeroplan loyalty program, led by Blackstone and La Caisse, valuing the program at $10 billion and solidifying the previously reported 25% stake acquisition.

Air Canada Secures $2.5 Billion Investment in Aeroplan

وافقت بلاكستون وصندوق المعاشات التقاعدية في كيبك على شراء حصة 25% في برنامج الولاء Aeroplan لشركة Air Canada مقابل ما يقرب من 2 مليار دولار. من المتوقع أن تدعم هذه الاستثمارات هدف Air Canada في تحقيق تصنيف استثماري.

Blackstone y el fondo de pensiones La Caisse de Quebec han acordado adquirir una participación del 25% en el programa de lealtad Aeroplan de Air Canada por casi 2 mil millones de dólares. Se espera que esta inversión apoye el objetivo de Air Canada de lograr una calificación de grado de inversión.

Blackstone et le fonds de pension La Caisse du Québec ont convenu d'acquérir une participation de 25 % dans le programme de fidélité Aeroplan d'Air Canada pour près de 2 milliards de dollars. Cet investissement devrait soutenir l'objectif d'Air Canada d'obtenir une note d'investissement.