June 29, 2007 12:30 ET

Aeroplan announces organizational changes

    MONTREAL, June 29  - Aeroplan Income Fund (TSX: AER.UN) today
announced a set of organizational changes, including the hiring of David L.
Adams as Executive Vice President and Chief Financial Officer, effective
July 16, 2007.
    Mr. Adams joins Aeroplan from Photowatt Technologies, a wholly-owned
subsidiary of ATS Automation Tooling Systems Incorporated, where he was most
recently Senior Vice President, Corporate Development and, prior to this role,
he served as Senior Vice President and Chief Financial Officer. He was
previously Senior Vice President & CFO for SR Telecom Incorporated. Mr. Adams
brings to Aeroplan a depth of experience in both public company leadership as
well as significant expertise in managing major transactions across the globe.
    Mr. Adams replaces Pierre Duhamel, who will be leaving Aeroplan on
July 30, 2007 to join a large, privately-owned Canadian holding company. We
wish him every success in his future endeavours.
    Aeroplan also announced today the appointment of Sylvie Bourget as Vice
President, Marketing. Ms. Bourget has led the Travel Partnerships portfolio
for Aeroplan since 2004, and was previously Vice President, Marketing for the
Transat Group.
    In conjunction with the appointment of Ms. Bourget, Craig Landry,
previously Vice President, Rewards and interim Vice President, Marketing, has
been appointed to a newly created position of Vice President, Member Products
& Services, designed to bring a critical focus to the needs and aspirations of
our millions of members.
    Finally, in recognition of her outstanding contribution to Aeroplan, and
in light of the substantial growth in the technical and operational scale and
complexity of the business, Liz Graham has been named Aeroplan's Chief
Operations Officer. Ms. Graham joined Aeroplan in 2000 and was most recently
the company's Vice President, Operations.
    In announcing these changes, Rupert Duchesne, President and Chief
Executive Officer of Aeroplan, commented, "We appreciate the contributions
that Pierre has made to the growth and success of Aeroplan and we welcome
David, a well-established and highly experienced CFO, to Aeroplan. Our
executive team now also benefits from Sylvie's strong and broad marketing
experience across multiple industries, from Craig's enhanced focus on our
members' needs and from Liz's continued commitment to delivering exceptional
customer service to Aeroplan's millions of members."

    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 60 world-class partners, representing more than 100 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 as detailed in the Aeroplan program terms
and conditions.
    For more information about Aeroplan, please visit
    %SEDAR: 00022208EF

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