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>> Sooner or later some airlines will spin out their rewards business into a separate company to get the maximum valuation from it. Air Canada spun out aeropla
by NikolaNovak 3y ago
>> Sooner or later some airlines will spin out their rewards business into a separate company to get the maximum valuation from it.
Air Canada spun out aeroplan, and then years later re-acquired it.
- TeMPOraL 3y agoThat's the nature of financialized business, isn't it? Since they're only gaming the numbers, there isn't anything of substance happening when they spin out rewards this year, and reacquire it the next.