Aeromexico Said to Value Loyalty Unit at $1 Billion for IPO

Grupo Aeromexico SAB is working toward an initial public offering of its frequent-flier rewards program that would value the business at about $1 billion, according to two people with knowledge of the matter.

The probable timetable for an IPO involving part of Premier Loyalty & Marketing SAPI is 2017, said one of the people, who asked not to be identified because details aren’t public. Mexico’s largest airline is now moving forward on the effort after studying it for more than a year, the other person said.