Air Canada and American Express have announced
that they have concluded agreements for a renewed and expanded partnership that
will enable the financial services company to participate in Air Canada's new
loyalty program launching in 2020. The 10-year agreements cover the creation of
new co-branded payment cards, participation in the American Express Membership
Rewards program, and expanded commercial cooperation between the two companies.
"We're excited to renew Air Canada's long-standing relationship
with American Express and reaffirm our position as its exclusive Canadian
co-brand airline partner," said Calin Rovinescu, president and CEO, Air
Canada. "Amex is a global leader in premium payments, and this agreement
will support the creation of new, world-class products for Air Canada's
industry-leading loyalty program launching in 2020."
Membership Rewards customers will be able to
transfer their points into Air Canada's new loyalty program once it has rolled
out. American Express Aeroplan cardmembers will become members of Air Canada's
new loyalty program in 2020, and all their miles will be transitioned at a 1:1
rate. In the interim, members may continue to earn and redeem Aeroplan Miles,
and enjoy benefits as usual.