Aeroplan made some major changes this morning (all for the better in my opinion).

aeroplan

Redeem For One-Way Trips At 50% Of The Miles Needed For Roundtrip Flight Rewards.

Today, one-way ClassicFlight Rewards require 67% of the miles needed for a roundtrip flight reward. As of January 1, 2014, a one-way trip will require exactly half the amount of miles you need to redeem for a roundtrip ClassicFlight Reward.

Cancellation of the seven-year mileage redemption policy

Aeroplan announced the cancellation of their Seven-year mileage redemption policy. Under this policy, miles unredeemed seven years following their accumulation date would have been removed from your account. Now miles will not begin expiring on January 1, 2014, as originally announced. Your miles will not expire as long as you stay active in Aeroplan. Now, you can keep accumulating miles knowing that they will be there when you need them.

The miles in your account will not expire as long as you have one accumulation or redemption activity every 12 months.

New market fare flight rewards

As of January 1, 2014, their ClassicPlus Flight Rewards will be replaced by Market Fare Flight Rewards, which will require up to 20% fewer miles than current ClassicPlus Flight Rewards. Distinction members will enjoy up to an additional 35% off. Market Fare Flight Rewards offer you greater availability on flights operated by Air Canada and under the Air Canada Express banner at variable mileage levels, which are derived from market fares at the time of booking and the conversion of these fares into mileage levels. Mileage levels are influenced by factors that fluctuate including destination, time of booking, time of travel, demand, and conversion of fares into miles.

As of January 1, 2014, enjoy limited-time surprise deals on certain flights, offering you even lower mileage levels than ClassicFlight Rewards.

Award Chart Update (more mileage).

As part of the overall changes to the Aeroplan Program, the following ClassicFlight Business and First Class mileage levels will be increasing as of January 1, 2014.

FROM/TOFROM/TOCURRENT REQUIRED MILES
Business/First Class
REQUIRED MILES AS OF JANUARY 1, 2014
Business/First Class
Canada/
Continental US
Asia 1125,000/175,000150,000/210,000
Canada/
Continental US
Asia 2130,000/180,000155,000/215,000
Canada/
Continental US
Middle East/
North Africa
135,000/190,000165,000/230,000
Canada/
Continental US
Australia/
New Zealand/
South Pacific
135,000/185,000160,000/220,000

Click here to read more on Aeroplan changes.