A PYMNTS Company

Canada: First Air and Canadian North plan to merge

 |  July 8, 2018

First Air and Canadian North have announced that they’re planning to merge. The two airlines made the announcement in a joint news release on Friday afternoon. The companies said the move is “in order to provide the best possible essential air services across the Arctic.”

Following execution of definitive agreements and the receipt of applicable regulatory approvals needed to establish a strong new entity, the proposed Pan-Arctic airline will operate under the name “Canadian North” and aircraft will feature new First Air livery, including its Inukshuk logo.

Headquarters for the proposed airline will be located in Ottawa. Both Makivik and IDC recognize the value and potential in the North and in the Alberta market and remain committed to supporting and growing the Alberta presence. The parties expect to complete the merger by the end of 2018.

Full Content: Newswire

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.