Aeroplan Income Fund — Investor Relations & Filings

Aeroplan Income Fund (AIF) was a historical publicly-traded entity established in 2005, structured as an income trust to hold and manage the assets of the Aeroplan loyalty program. AIF was notable as the world's first publicly-traded loyalty scheme. Its primary function was operating Aeroplan, a premier coalition loyalty marketing company focused on developing and executing rewards programs. The program enabled members to earn and redeem points (miles) through a network of partners for travel rewards, including flights, hotels, and car rentals. The Fund structure eventually converted into a growth-oriented global loyalty company. The underlying Aeroplan program, which remains a major frequent-flyer scheme, was subsequently reacquired and is now operated by Air Canada.