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Exchange Income Acquires Canadian North For $150 Million

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Exchange Income Corporation (EIC) has finalized the acquisition of Bradley Air Services, the parent company of Canadian North, for US$150 million. This strategic acquisition strengthens EIC’s presence in the regional airline and essential air services market in Northern Canada. The transaction was predominantly financed through the corporation’s existing credit facility, indicating strong financial backing and confidence from lending institutions…

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Cargojet Closes $183M Senior Notes Offering

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Cargojet, a leading Canadian provider of time-sensitive air cargo services, has successfully completed the issuance of US$183 million in senior unsecured notes. The offering, announced earlier, was closed at a fixed interest rate of 4.599%, with a maturity date set for 2030. These notes are not backed by specific assets, indicating investor confidence in the company’s long-term creditworthiness.

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Purolator Takes Delivery Of ATR72-500F Freighter

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Purolator, Canada’s leading integrated freight and logistics provider, has expanded its dedicated air cargo fleet with the delivery of an ATR72-500F, serial number 707. This turboprop freighter is powered by Pratt & Whitney Canada PW127F engines and is tailored for short-haul express delivery routes across the country.

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WestJet Takes Delivery Of Leased B737-8 Serial 43297

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WestJet, one of Canada’s leading airlines, has taken delivery of a Boeing 737-8, bearing serial number 43297, as part of a lease agreement. The aircraft is powered by CFM International LEAP-1B27 engines, which offer significant improvements in fuel efficiency, noise reduction, and emissions over previous-generation narrowbodies.

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Air Canada Takes Delivery Of A220-300 Serial 55372

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Air Canada has expanded its narrowbody fleet with the delivery of one Airbus A220-300, identified by manufacturer serial number 55372. The aircraft is powered by Pratt & Whitney PW1521G-3 engines, part of the GTF (Geared Turbofan) engine family, known for delivering high fuel efficiency and reduced emissions.

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Air Canada Completes $436M Share Buyback Offer

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Air Canada has released preliminary results for its recently concluded substantial issuer bid, part of its ongoing efforts to enhance shareholder value and optimize capital structure. The airline had invited shareholders to tender their Class A Variable Voting Shares and Class B Voting Shares, offering to buy back up to $436 million worth of shares at prices ranging from $13.40 to…

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Nolinor Aviation Adds Second Boeing 737-400

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Nolinor Aviation, a Canadian charter and cargo carrier, has announced the addition of a second Boeing 737-400 to its operational fleet. The aircraft, bearing manufacturer serial number 24129, is part of the airline’s broader strategy to modernize and expand its narrowbody capabilities for both passenger and freight services across North America.

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Ethiopian Airlines Orders Two DHC6-300-G Aircraft From De Havilland

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Ethiopian Airlines has signed a firm purchase agreement for two DHC6-300-G aircraft with De Havilland Aircraft of Canada, adding to its robust and diverse regional fleet. The transaction was revealed during the airshow and signals continued demand for short takeoff and landing (STOL) aircraft in Africa’s remote and rugged operating environments.