Aeroplan Buys Nectar

Aeroplan Buys Nectar

Aeroplan Income Fund, the operator of Air Canada’s frequent flyer program, has bought Nectar, a U.K. customer-loyalty program. Nectar members can earn points with purchases from retailers, mobile phone plans, co-branded credit card spending, buying petrol and many more activities and then spend those points on items ranging from books to Orient Express tickets. Aeroplan intends to expand internationally, using Nectar’s presence in Spain, the Netherlands and the Middle East.

Aeroplan Income Fund says it plans to have two to four airline partners within three years, according to a Bloomberg report, and would like to eventually acquire a majority in another airline’s frequent flyer program. Bloomberg also reports that Aeroplan Chief Executive Officer Rupert Duchesne has said that Aeroplan has had discussions with a number of airlines in the U.S., South America and Europe, as well as Australia’s Qantas Airways.

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