Blackstone And La Caisse Are Investing C$2.5 Billion In Aeroplan At A C$10 Billion Valuation

Category: Markets

Published: 2026-08-17T15:58:22.000Z

Blackstone and La Caisse, alongside PSP Investments and British Columbia Investment Management Corporation, are making a C$2.5 billion minority investment in Air Canada's Aeroplan loyalty business, valuing it at C$10 billion. This investment gives Air Canada capital to reduce debt and accelerate stock repurchases, while retaining 75% ownership and full control of Aeroplan. The deal is structured to provide investors a 6.5% internal rate of return, with Air Canada having an option to repurchase the stake later.

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