Aimia lends Aeromexico $100 million against its loyalty programme

Aeromexico became the latest North American airline to release liquidity from its loyalty programme after announcing that Canadian investment firm, Aimia, had increased the amount it would inject into the carrier by $50 million to $100 million. The loan will backed against Club Premier, the airline’s loyalty card programme. Aimia announced in a statement that it had changed the terms of the commercial agreement (CPSA) between Aeromexico and PLM Premier, the operator of the Club Premier loyalty program. The changes made to the CPSA include a 20-year extension of the current term to September 13, 2050. Following the initial US$50 million loan to