First Air, Canadian North Consider Merger

Makivik Corporation and NorTerra Inc., respectively the shareholders of First Air and Canadian North, have agreed to hold discussions leading to the merger of their operations.

The potential merger is intended to create a single airline entity that builds on the strengths and identities of the two companies. According to officials, a merger would improve the sustainability of these critical Inuit birthright enterprises and would also create better air services and new economic development opportunities across the north.

Flight operations and services will remain independent and unaffected during the negotiation and regulatory review phases.

(http://www.newnorthernairline.com)