Key HighlightsA consortium led by Blackstone alongside La Caisse is acquiring a 25% interest in Air Canada’s Aeroplan loyalty division for approximately US$2 billion. Shares of Air Canada jumped roughly 6% to reach C$27.27, marking the highest closing price since July 2021. Air Canada, ACDVFThe purchasing group consists of investment giant Blackstone partnered with Quebec’s pension manager La Caisse. Participants accumulate points via Air Canada travel and partner credit cards, later exchanging them for flights or merchandise. Second-Quarter Performance Exceeds ProjectionsAlongside the Aeroplan announcement, Air Canada disclosed its second-quarter financial results on Tuesday.