Deals

Blackstone-led consortium acquires 25% stake in Air Canada’s Aeroplan for $1.8bn

Wednesday, August 12, 2026 · first reported by Private Equity Wire

Blackstone-led consortium acquires 25% stake in Air Canada's Aeroplan loyalty program for C$2.5B ($1.8B), valuing Aeroplan at CAD10B; consortium includes Caisse de dépôt et placement du Québec, PSP Investments, and BC Investment Management Corp.

Firm

Blackstone

Also named

Aeroplan, Caisse de dépôt et placement du Québec, PSP Investments

Deal value

$1.8B

Asset class

Private equity

Geography

North America

The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.