Aimia Inc (AIM.TO)
26 May 2017
Thu, May 11 2017
May 11 Air Canada said it would launch its own loyalty program in 2020, replacing the current program, Aeroplan, sending its shares to their highest in nearly 10 years.
TORONTO, May 11 Canada's main stock index fell on Thursday, as a Moody's downgrade of Canadian banks struck financials, and frequent-flyer points operator Aimia Inc plunged on news its program would be dropped by the country's largest airline.
* Aimia receives notice of contract non-renewal from Air Canada
TORONTO, May 11 Canada's main stock index fell on Thursday, dragged lower by financial stocks following a downgrade by Moody's on Canada's six biggest banks, and loyalty program operator Aimia Inc, which plunged on news Air Canada will launch its own program.
May 11 Air Canada said on Thursday it would launch its own loyalty program in 2020, replacing the current program, Aeroplan, which is owned and operated by analytics firm Aimia Inc.
* Sees FY 2017 gross billings core business to be broadly stable at around $2.1 billion
* Aimia to name Thomas D. Gardner, Bill McEwan to board Source text for Eikon: Further company coverage: