Aug 2 (Reuters) - Air Canada AC.TO :
* AIMIA REJECTS BID BY AIR CANADA, TD, CIBC AND VISA CANADA CONSORTIUM FOR AEROPLAN PROGRAM
* AIR CANADA, TD, CIBC, AND VISA CANADA SAID AIMIA HAS REJECTED THEIR PROPOSAL TO BUY ITS AEROPLAN LOYALTY BUSINESS DISCLOSED ON JULY 25
* , TD, CIBC AND VISA ENHANCED OFFER AND ENGAGED IN EXTENSIVE DISCUSSIONS WITH AIMIA OVER PAST SEVERAL DAYS