EIC to acquire Canadian North for $205m.

Exchange Income Corporation, a diversified, acquisition-oriented company focused on opportunities in the aerospace & aviation and manufacturing segments, agreed to acquire Canadian North, an airline company, for $205m. “We love the North and have become a leading operator in this unique region over many years, which started with our very first acquisition, Perimeter Aviation. We have spent decades understanding, investing and building relationships in northern Canada. Canadian North is a major provider of these services outside of EIC, operating in markets that we don’t currently serve. Canadian North will be a natural fit with our other northern air operators. Combining our aviation resources, knowledge, and assets with the team at Canadian North, will lead to increased efficiency and enhanced service levels in the region. This is what we know, what we do, and we do it well,” Mike Pyle, EIC CEO.