Further to the announcement of Air Canada completing its acquisition of Aimia Canada Inc., the Toronto-Dominion Bank confirmed today that the previously announced long-term loyalty program agreement with Air Canada has been entered into and is now effective. Under the Loyalty Agreement, TD will be the primary credit card issuer for Air Canada’s new loyalty program when it launches in 2020.
“This agreement is a key milestone, providing our customers with confidence and continuity, while securing the long-term stability of a great travel program with our Canadian national carrier,” said Katy Boshart, senior vice president, Canadian credit cards.” Customers can look forward to a refreshed and exciting program and we’re thrilled to continue offering our customers value and a wide range of cardholder benefits in 2020.”
With the Loyalty Agreement now in effect, customers can continue to earn and redeem Aeroplan Miles as they do today and existing Aeroplan Miles will be honoured on a one-to-one basis in the new Air Canada program.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (“TD” or the “Bank”). TD is the sixth largest bank in North America by branches and serves more than 25 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance; U.S. Retail, including TD Bank, America’s Most Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in TD Ameritrade; and Wholesale Banking, including TD Securities. TD also ranks among the world’s leading online financial services firms, with more than 12 million active online and mobile customers. TD had $1.3 trillion in assets on October 31, 2018. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and New York Stock Exchanges.
SOURCE TD Bank Group