Manila Times Business
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CompanyCanada
Air Canada
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Business overview
Company backgroundAir Canada operates a travel loyalty program called Aeroplan, which recently received a CA$2.5-billion minority equity investment from funds managed by Blackstone and Canadian asset managers.
Proceeds from the Aeroplan investment are used to repay a $1.2-billion bond maturity and to strengthen Air Canada's balance sheet. Air Canada is publicly traded and engages in share repurchases as part of its long-term strategic plan.
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