BMO Officially Closes Air Miles Acquisition
BMO Financial Group announced it has officially closed its acquisition of the Air Miles, one of the oldest and largest loyalty programs in Canada. The acquisition began following the bankruptcy filing of Air Miles’ former U.S. parent company.
The acquisition will bring stability to the program alongside the opportunity to invest in program enhancements. BMO plans to expand the program with new ways to earn and redeem points, including an improved travel booking platform and....