|By PR Newswire||
|April 11, 2014 03:12 PM EDT||
EDMONTON, AB and KUUJJUAQ, QC, April 11, 2014 /CNW/ - 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.
About Canadian North
Canadian North and its founding companies (Canadian Airlines, Pacific Western Airlines, Transair, Nordair) has proudly served Canada's North with passenger and cargo services for more than 80 years. Offering scheduled flights to 19 destinations, Canadian North proudly serves the Northwest Territories and Nunavut, via the southern gateways of Edmonton and Ottawa. Canadian North is also the premier provider of fly-in/fly-out charter services for large resource sector clients requiring safe, efficient and economical air transportation. Charter flights are also offered across North America for sports teams, cruise lines and large groups. Canadian North is a subsidiary of NorTerra Inc., which is owned by the Inuvialuit Development Corporation, representing the Inuvialuit of the Western Arctic. For more information please visit www.canadiannorth.com.
About First Air
With a fleet of 23 aircraft including the only two civilian owned and operated Hercules cargo aircraft in Canada, First Air has been connecting the people of the North for over 65 years.
First Air offers scheduled, cargo and charter services to more northern destinations than any other airline. First Air is a wholly-owned subsidiary of Makivik Corporation and has around 1,000 employees, of which more than 450 work and live in the North. For more information please visit www.firstair.ca.
SOURCE Makivik Corporation
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
Jan. 18, 2017 02:00 PM EST Reads: 325
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
Jan. 18, 2017 02:00 PM EST Reads: 890
Jan. 18, 2017 01:00 PM EST Reads: 5,091
Jan. 18, 2017 01:00 PM EST Reads: 3,453
Jan. 18, 2017 01:00 PM EST Reads: 4,405
Jan. 18, 2017 01:00 PM EST Reads: 5,584
Jan. 18, 2017 12:30 PM EST Reads: 2,483
Jan. 18, 2017 12:30 PM EST Reads: 6,294
Jan. 18, 2017 12:15 PM EST Reads: 1,500
Jan. 18, 2017 12:00 PM EST Reads: 4,219
Jan. 18, 2017 12:00 PM EST Reads: 5,746
Jan. 18, 2017 12:00 PM EST Reads: 1,928
Jan. 18, 2017 11:45 AM EST Reads: 1,793
Jan. 18, 2017 11:30 AM EST Reads: 1,124
Jan. 18, 2017 10:30 AM EST Reads: 3,099