Is Air Canada saying goodbye or simply au revoir to 25% of Aeroplan? A repurchase clause suggests the airline is keen to keep its options open.
Air Canada sold a quarter of Aeroplan to maintain flexibility and possibly raise capital while retaining options for future ownership.
The repurchase clause suggests that Air Canada may consider buying back the sold stake in the future, keeping its options open.
Yes, Air Canada previously sold Aeroplan, bought it back, and is now selling part of it again.