October 23, 2014 - Canada’s Northern Airlines Terminate Merger Discussions

October 23, 2014
For Immediate Release

Edmonton, AB and Kuujjuaq, QC– Makivik Corporation and NorTerra Inc., respectively the shareholders of First Air and Canadian North, announce that they have terminated discussions aimed at merging their airline operations, and no such further discussions are envisaged.

Canadian North and First Air will continue to have a positive working relationship aimed at providing the best possible service to customers in a competitive marketplace.

Flight operations and services at both airlines remain unaffected. The parties will have no further comment on the matter.

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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.

Contact:

Sarah Bain
Hill + Knowlton Strategies
sarah.bain@hkstrategies.ca
613.298.3514