Air Canada Announces $2.5 Billion Minority Equity Investment in Aeroplan Led by Blackstone and La Caisse

PSP participated in the announced C$2.5 billion Aeroplan minority equity investment led by Blackstone and La Caisse, alongside BCI. The investor group would own 25%, with Air Canada retaining 75% and operational control. The source planned settlement for August 17, 2026 and did not disclose PSP’s individual investment.