MONTREAL — Aimia Inc. (TSX:AIM) says it has sold the Air Miles Trademarks, license and royalty agreements for Canada to Diversified Royalty Corp. (TSX:DIV). Aimia’s group chief executive David Johnston said in a statement the move is part of the company’s plan to simplify its business. He said it will continues to evaluate and consider further disposals of non-core investments and assets. Aimia is grappling with Air Canada’s May 1 announcement that the airline would be departing the Aeroplan program, which Aimia operates, in 2020. The company reported a loss of $25.1 million in its latest quarter earlier this month and its shares have fallen to less than $2.

Source: National Post August 25, 2017 22:18 UTC