Aeromexico completed the acquisition of the remaining 49% stake in PLM from Aimia for $405m.

Aeromexico, the flag carrier airline of Mexico, completed the acquisition of the remaining 49% stake in the PLM loyalty program from Aimia, an investment holding company with a focus on long-term investments in public and private companies, for $405m. "We want to thank our joint venture partner, Aeromexico, for their collaboration in achieving the best outcome for all stakeholders. Aeromexico has been a valued and trusted partner since 2010, and we applaud them, and the PLM leadership team for continuing to successfully navigate an unprecedented period in the travel industry. We wish Aeromexico continued success as they emerge from the bankruptcy process as a significantly strengthened airline, supported by its loyalty program," Phil Mittleman, Aimia CEO.