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Makivik Corporation and NorTerra Inc., respectively the shareholders of First Air and Canadian North, 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. The public is invited to visit our website www.newnorthernairline.com for updates throughout these discussions.
