Cranky Weekly Review presented by Oakland San Francisco Bay Airport: Air Canada Turns to PE, Delta Bootstraps Its Way to Paris

Air Canada goes Private Equity Air Canada is selling a 25% stake in its Aeroplan loyalty program to a group of well-intentioned and customer-loving individuals from Blackstone and Canadian pension fund La Caisse for a cool $2 billion. This puts the valuation of the program(me) at $8 billion, which its awfully high when compared to...