December 16, 2016 - Statement from Canadian North regarding NTCL's CCAA proceedings

Statement by the President of Canadian North, Steve Hankirk

16 December 2016
Calgary, Alberta

The President of Canadian North, Steve Hankirk, today issued the following statement regarding NTCL’s CCAA court proceedings which are now in progress:

“Canadian North has been asked to comment on NTCL’s CCAA court proceedings and their potential to impact NorTerra’s businesses.

While the proceedings remain before the courts, I can state that no new information has come forward that pertains to Canadian North and it remains business as usual for our employees, customers and vendors.

Canadian North, one of NorTerra’s most profitable subsidiaries, has supported the debt of NTCL for several years. The resolution of NTCL’s financial obligations will allow Canadian North to come through this as an even stronger airline and position us for a return to growth.

We look forward to a speedy resolution of this matter and take great comfort in the continued and full support of our shareholder, the Inuvialuit Development Corporation.

In the meantime, we will continue to focus on our unchanging mission – to provide reliable and efficient passenger and cargo service to, from and across the North, with exceptional customer service and an unyielding commitment to safe operations.”

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For more information, please contact:
Kelly Lewis, Communications Manager
Canadian North Inc.
200, 580 Palmer Road NE
Calgary, AB T2E 7R3
Telephone: 1.403.648.6101
Mobile: 1.403.589.8781
Email: klewis@canadiannorth.com