Canadian North tentatively sold to Winnipeg firm for $205 million

By Jeff Pelletier, Local Journalism Initiative Reporter A Winnipeg firm that owns several northern airlines has announced it plans to buy Canadian North, the airline that serves the Arctic. Exchange Income Corp. said it made a deal to buy Bradley Air Services Ltd., which operates as Canadian North, for $205 million from the two Inuit organizations that own the airline. It announced the plan in a news release issued Monday afternoon. Nunavik-based Makivvik, one of Canadian North’s two co-owners, announced in its own news release that it is selling its share of the airline. Inuvialuit Regional Corp., which co-owns the airline, announced in a social media post it was doing the same. “Having a strong parent company with roots in northern aviation is critical to our success,” said Shelly De…

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