RBC, Amex join Aeroplan bidding

Article Abstract:

The bidding war for Air Canada's frequent flier credi card program, which is operating under bankruptcy, has shifted away from CIBC to several Canadian and U.S. financial institutions. American Express Co. and Royal Bank of Canada are seeking to displace CIBC as the only credit card partner.

United States, Financial Services, Finance and Insurance, Banking industry, Financial services industry, American Express Co., AXP, Royal Bank of Canada

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Air Canada seeks control of bid process: sources

Article Abstract:

The debate over who will become the controlling investor in Air Canada is the major issue in the bankrupt airline's restructuring program. Air Canada, which seeks to control the court-supervised bidding process, may favor a bid from Texas Pacific Corp.

Texas Pacific Corp.

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Onex snags part of Aeroplan

Article Abstract:

Onex Corp. is acquiring a portion of Air Canada's Aeroplan frequent flier plan. The deal will provide Air Canada passengers with more Aeroplan seats and with badly-needed capital.

Onex Corp.

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