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Exchange Income Corporation (TSX: EIF) (“EIC” or the “Corporation”) a diversified, acquisition-oriented company focused on opportunities in the aviation, aerospace and manufacturing sectors, is pleased to announce its subsidiary, Keewatin Air LP (“Keewatin Air”), was the successful bidder to provide critical care fixed wing medevac coverage for the Province of Manitoba.
The tendered 10-year contract requires a fleet of five planes, a combination of jet and turboprop aircraft. It follows a 10-year contract awarded last month by the Province of British Columbia to EIC`s subsidiary Carson Air to provide fixed wing medevac coverage.
“EIC is excited to continue expanding our medevac business. These two contracts speak to the quality of and confidence placed in our medevac services,” said Mike Pyle, CEO of EIC. “The aircraft are in the process of being acquired and modified with state-of-the-art medical interiors and will be phased into service commencing at the end of the first quarter of 2024,” explained David White, CEO of Keewatin Air.
Mike concluded by saying, “Our medevac operations are a capability we have invested considerable capital and accumulated industry-leading experience over the last five decades to become the market leaders in Canada. Based on our proficiency in this industry and the consistent demand, it is a business line we have sought to expand. With the recent contract awards in Manitoba and British Columbia, and our existing medevac contracts in Nunavut, Alberta, Newfoundland, and Nova Scotia, our footprint is truly national with operations spanning from coast to coast to coast.”
This press release was prepared and distributed by Exchange Income Corporation
