MONTREAL, QUEBEC--(Marketwire - March 7, 2012) - Aeroplan, a subsidiary of Aimia (TSX:AIM), today announced that the Superior Court of Quebec authorized a petitioner to bring a class action against Aeroplan contesting the changes announced in October 2006 to Aeroplan's mileage accumulation and expiry rules. The petitioner's request to bring a class action was filed in July 2009 and was heard on May 9th and 10th, 2011.
The next step in the process is for the petitioner to publish a notice of the judgment authorizing the class action and to file and serve the claim on the merits. We do not expect a hearing on the merits for at least two years.
Aeroplan has strong arguments against the class action and will vigorously defend against it.
The petitioner's class action lawsuit asks for the reinstatement of expired miles, reimbursement of amounts already expended by Aeroplan members to reinstate their expired miles, $50 in compensatory damages and an undetermined amount in exemplary damages on behalf of each class member.
In the meantime, it remains business as usual at Aeroplan.
About Aeroplan
Aeroplan, Canada's premier coalition loyalty program, is owned by Groupe Aeroplan Inc., doing business as Aimia, a global leader in loyalty management.
Aeroplan's millions of members earn Aeroplan Miles with its growing network of over 75 world-class partners, representing more than 150 brands in the financial, retail, and travel sectors.
In 2011, approximately 2.3 million rewards were issued to members including more than 1.5 million flights on Air Canada and Star Alliance carriers which offer travel to more than 1,000 destinations worldwide. In addition to flights, members also have access to over 1,000 exciting specialty, merchandise, hotel, car rental and experiential rewards.
For more information about Aeroplan, please visit www.aeroplan.com or www.aimia.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Media
JoAnne Hayes
416-352-3706
joanne.hayes@aimia.com
Analysts
Trish Moran
416-352-3728
trish.moran@aimia.com
Source: AIMIA