Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeNewsAirlinesAir Canada hits five-year high as analysts talk up Blackstone dealThe terms of any potential Aeroplan deal are still uncertainAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.Air Canada’s market capitalization is around $7.6 billion Photo by Richard Lam/PostmediaAir Canada shares surged to their highest level since July 2021 as analysts weighed the possible sale of a stake in its Aeroplan travel loyalty program.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorBloomberg News reported Monday that Blackstone Inc. is nearing a deal for a minority interest in Aeroplan for around US$2 billion. That number implies a “significantly higher value” for the loyalty business than the market has priced in, Bank of Nova Scotia analyst Konark Gupta said in a note that upgraded the stock to a sector outperform rating.Shares of the Quebec-based airline gained nearly five per cent to $27 as of 1:38 p.m. in Toronto on Tuesday. The company is due to report second quarter earnings after the market closes.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try again“Although the ongoing fuel price volatility remains a key short-term risk for us, it should be outweighed by a value unlocking catalyst such as Aeroplan monetization,” Gupta wrote, adding that Air Canada continues to trade at a discount to United States carriers.The terms of any potential Aeroplan deal are still uncertain. But a “worst-case assumption” in which the airline sells a 49 per cent stake implies a valuation for that business of about US$4 billion, RBC Capital Markets analyst James McGarragle said in a note.Air Canada’s market capitalization is around $7.6 billion. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.