Canadian North goes to the hands of a Manitoban company

The Manitobaine Exchange incoming company (EIC) claims to have concluded the acquisition of Bradley Air Services Limited. Consequently, the mother company of the air carrier Canadian North.

We are delighted to get our hands on Canadian North. Meanwhile, integrate it into the family EICsaid in Radio-Canada the company’s president, Carmele Peter.

According to her. In addition, the acquisition has multiple advantages, especially for Canadian North to use planes from other airlines of which EIC is the owner, in the event of mechanical or meteorological problems.

EIC Work in the aerospace, aviation and canadian north goes hands manitoban manufacturing sectors. Meanwhile, It has several aerial subsidiaries, including Calm Air, Carson Air, Keewatin Air, Pal Airlines and Perimeter Aviation. Meanwhile, Some cover medical evacuation services in the North.

In February. the company Makivvik and the Inuvialuite Regional Company announced that they had agreed on the upcoming sale of Canadian North, of which they were co -owners, to the company EICfor the sum of $ 205 million.

Canadian North provides passenger. goods transport services to 24 communities in the Far North, in Nunavut and in the Northwest Territories, via Ottawa and Edmonton, as well as northern flights in northern Alberta and British Columbia.

The transaction provided that the connection between Montreal. Kuujjuaq would rather be ensured by Makivvik, through the Air Inuit company. The president ofEIC Affirms that Canadian North will however continue to offer a flight between Iqaluit and Kuujjuaq. This link currently allows IQALIT passengers to go to Montreal the same day.

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Feu beat d’tawa – Canadian north goes hands manitoban

Before going ahead. the transaction had canadian north goes hands manitoban to receive the approval of the Competition and Transport Canada office.

Carmele Peter says thatEIC obtained their green light at the end of June.

In an exchange of emails. the competition office confirmed that it had completed its examination of the transaction and issued a letter of non-intervention (LNI) indicating that it was not, for the moment, to challenge the merger.

Under the competition law. Additionally, the office has a period of one year after the conclusion of a transaction to submit, if he wishes, a request for contesting at the competition court.

Transport Canada did not follow up on our media request before the deadline.

No change planned. promises EIC

Just as she assured in February, the president ofEIC Promises that the acquisition of Canadian North will have no consequences on air prices, the roads offered and the frequency of flights.

We do not plan to make changes at this stage […] as long as we have not had time to consult the communities. the main stakeholders to identify their needs and determine the most judicious solutionsshe said.

If it admits that inflation in the air sector remains a reality. Carmele Peter ensures that priority will be, above all, to identify the needs of communities.

She assures that the Ilak and Pivut programs, which offer a reduction for Inuit beneficiaries, will be unchanged.

Our name. our management team and our mission remain the samesays the CEO From Canadian North, Shelly of Caria, in a written declaration: We thus gain an opportunity to grow and continue to serve the communities that we serve with pride.

According to Carmele Peter. one of the upcoming projects to EIC will be the creation of a training program in aeronautical mechanics based in the Far North. The company already offers steering training at Rankin Inlet which is in its second year.