Air Canada, Aeroplan, Chase and Mastercard announce partnership to launch a credit card in the United States

On December 14th, 2020, Air Canada, Canada's largest airline and a Star Alliance founding member, and Chase, the largest co-brand card issuer, announced a strategic partnership that will make J.P. Morgan Chase Bank the exclusive issuer of Air Canada's Aeroplan U.S credit card. As part of this partnership, Mastercard will become the exclusive payments network for the new credit card in the U.S. The new Aeroplan U.S. credit card is expected to launch in late 2021. Aeroplan will also become a transfer partner in Chase's Ultimate Rewards program starting in late 2021.

Fasken advised Aeroplan and Air Canada with a team led by Kathleen Butterfield (Financial Services) that included Daniel Fabiano (Privacy), Andrew C. Alleyne (Technology) and Caitlin Sabetti (Financial Services).