Air Canada is trading 4.08% up at CA$26.80 after reports that Blackstone is nearing a US$2 billion purchase of roughly 20% of Aeroplan.
- The transaction could fund aircraft, cabin upgrades and route growth ahead of second-quarter results scheduled for August 12, 2026.
- Rising jet-fuel costs remain a sector-wide risk.
- No official announcement was identified; the catalyst remains reported, while broader airline weakness limits upside.