Thursday, December 21, 2006

Aeroplan Income Fund likely to make an acquisition in 2007 - report

Aeroplan Income Fund, the listed Canadian loyalty marketing company, is poised to acquire a company next year, said an analyst in the Globe and Mail.
Nick Morton, an RBC Dominion Securities analyst, was cited in the 21 December report as saying that in 2007, Aeroplan could take a run at the frequent-flier plans offered by either Varig in Brazil or Qantas Airlines in Australia.
Aeroplan’s Q3 earnings came in at CAD 34.3m (USD 30.3m), up 77%.


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