Aeroplan Appoints New Chairman



    MONTREAL, Nov. 9 /CNW Telbec/ - ACE Chairman and CEO Robert Milton will
be retiring as Chairman of Aeroplan GP and leaving the Board of Directors. The
effective date will be January 1, 2008. Mr. Robert E. Brown will succeed
Mr. Milton as Aeroplan's Chairman. Mr. Milton remains Chairman, President and
CEO of ACE Aviation Holdings.
    "Robert Milton's vision and focus on surfacing value was the driving
force behind Aeroplan's evolution from a small internal division in Air
Canada's marketing department to what it is today - Canada's premier loyalty
management company with a market capitalization of over $4 billion," said
Rupert Duchesne, President and CEO, Aeroplan. "Under his leadership and with
his unwavering confidence in the largely unsurfaced value of the Aeroplan
franchise, we ignored the skeptics and boldly undertook the first ever
monetization of an airline frequent flyer program. On behalf of Aeroplan's
employees, partners and unit holders, I thank Robert for making Aeroplan an
all-round success story we can all be proud of."
    Robert E. Brown, who currently serves on the Board, will succeed
Mr. Milton as Chairman of the Board of Aeroplan GP. Mr. Brown is President and
Chief Executive Officer of CAE Inc. He is a director of CAE Inc., ACE Aviation
Holdings Inc., a trustee of Jazz Air Income Fund and was Chairman of Air
Canada from 2003 to 2004.
    "Bob Brown has already made a strong contribution as a director of the
Aeroplan Board," said Mr. Duchesne. "With this track record and his extensive
experience as a corporate director, he is the right choice as Aeroplan's new
Chairman. The entire management team looks forward to working with Bob in his
new role."

    About Aeroplan

    Aeroplan is Canada's premier loyalty marketing company, dedicated to
developing and executing programs designed to engage the loyalty of its
prestigious membership.
    Aeroplan's millions of members earn Aeroplan Miles with its network of
more than 70 world-class partners, representing more than 150 brands in the
financial, retail, and travel sectors. Miles earned may be redeemed for
Aeroplan's industry-leading ClassicFlight Rewards, innovative ClassicPlus
Flight Rewards, and global Star Alliance Flight Rewards, offering travel to
more than 850 destinations worldwide. In 2006 alone, more than 1.4 million
round-trip flight rewards were issued. Aeroplan's roster of non-flight rewards
includes more than 400 exciting specialty, merchandise, and experiential
rewards, as well as hotel and car rental rewards. Members are encouraged to
stay engaged with Aeroplan and avoid mileage expiration due to inactivity by
earning or redeeming Aeroplan Miles at least once in any consecutive
twelve-month period.
    For more information about Aeroplan, please visit www.aeroplan.com.
    %SEDAR: 00022208EF




For further information:

For further information: Media: Gillian Hewitt, (416) 352-3706,
gillian.hewitt@aeroplan.com; Analysts: Trish Moran, (416) 352-3728,
trish.moran@aeroplan.com

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