Air Canada Rouge - First Five Years

Loyalty Program Expect to unlock significant value through the launch of loyalty program Program design in process after extensive research Process on schedule and on budget November 2018 Air Canada entered into a definitive share purchase agreement with Aimia Inc. to acquire the Aeroplan loyalty business - Air Canada, TD, CIBC and Visa concluded credit card loyalty program and network agreements for future participation in Air Canada's new loyalty program Acquisition of Aimia Canada remains subject to Aimia shareholder approval and certain other closing conditions Completion expected in January 2019 19

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