Makivik Corporation and NorTerra Inc., respectively the shareholders of First Air (Ottawa) and Canadian North (Yellowknife), have agreed to hold discussions leading to the merger of their operations consistent with a merger of equals, subject to the successful conclusion of negotiations and regulatory review.
The potential merger is intended to create a single airline entity that builds on the strengths and identities of the two companies. A merger would improve the sustainability of these critical Inuit birthright enterprises and would also create better air services and new economic development opportunities across the north.
Flight operations and services will remain independent and unaffected during the negotiation and regulatory review phases.
Makivik Corporation and NorTerra Inc. will inform the public as discussions progress.
Top Copyright Photo: TMK Photography/AirlinersGallery.com. Formerly operated by KLM, Boeing 737-406 C-FFNC (msn 27232) of First Air taxies at Hamilton, Ontario.
Bottom Copyright Photo: Gilbert Hechema/AirlinersGallery.com. First Air’s Boeing 737-25A C-GCNO (msn 23790) climbs away from the runway at Montreal (Trudeau).
First Air current route map:
Canadian North current route map: