Canadian north to buy first air

[twofour]

It's Norterra that would be buying 7F! Is it true that 5T had troubles with payroll or a technical issue I think it was called and it wasn't the first time. I'm sure thats not putting a good taste in Norterra s mouth mind you with the competition gone (if the FEDs allow one service provider for the north) and added revenue of the hercs/67 it's not a bad theory! If both are with ALPA a lot of good guys would lose their jobs for I'm sure they wouldn't keep things going the way they are now! Maybe keep 5T for charters and 7f for the Sched service/cargo. But really, who knows maybe the source for that story on CKLB could clear things up??

[rudder]

Canadian North owns the 4 DHC-8's and 7 of 8 B737-200's. 737-300's are leased.

Wow! That would put the total value of the 'owned' aircraft at about $10M

Interesting that just a couple of years ago Canadian North was unofficially for sale. Now they are a buyer.

[thirdtimecharm]

Canadian North owns the 4 DHC-8's and 7 of 8 B737-200's. 737-300's are leased.

Wow! That would put the total value of the 'owned' aircraft at about $10M

Interesting that just a couple of years ago Canadian North was unofficially for sale. Now they are a buyer.

Don't know about that. They approached the organization I used to work for to buy a Dash 8 for $8 million.

[motox415]

The 4 DHC-8-106's are worth minimum 20 million. The Boeings are worth present rates in scrap aluminium.

[Slappy the Squirrel]

So, anybody hear any new info on it. It seems the news articles come out just to spread gossip and then nothing ever comes of it!

[thirdtimecharm]

When you have been in business for over 80 years like Air Norterra has, you learn to take things slowly.

[BelowWing]

Canadian North owns the 4 DHC-8's and 7 of 8 B737-200's. 737-300's are leased.

This is news to me. They're converting one of the 300's to a combi. Must be some strange sort of lease agreement if they're being permitted to do such a big overhaul on someone else's aircraft.

[arcticguy]

http://www.nunatsiaqonline.ca/stories/a ... _norterra/

Makivvik kills idea of First Air sale to Norterra
Nunavut-Nunavik airline to stay put
NUNATSIAQ NEWS
A First Air ATR at the Iqaluit airport in an undated file photo. the board of Makivvik Corp. has decided to retain full ownership of the airline. (FILE PHOTO)
A First Air ATR at the Iqaluit airport in an undated file photo. the board of Makivvik Corp. has decided to retain full ownership of the airline. (FILE PHOTO)

The Makivvik Corp. will not sell First Air to Norterra or any other buyer, Makkivik’s board said in a statement Oct. 3

“After a rigorous review of its strategic options, the board confirmed its decision to retain full ownership of this important investment,” Makivvik said.

At the same time, Makivvik said their president and chief executive officer, Kris Dolinki, will resign his position as of Oct. 12, for personal reasons and “to spend more time with his young family.”

Dolinki has served in First Air’s top job since December 2011, when he succeeded Scott Bateman.

“For more than two years, Mr. Dolinki assisted the board with a rigorous review of our strategic alternatives. Kris had committed to see that project to its conclusion and with that behind us, it is time for new leadership to guide the future direction and success of First Air,” said Jobie Tukkiapik, president of Makivvik Corp.

Chris Ferris, First Air’s vice president of marketing, will now act as interim president and CEO while a special committee of Makivvik’s board will search for a permanent president and CEO, the company said.

This past spring, reliable sources told Nunatsiaq News that Norterra, the 50-50 Inuvialuit and Nunavut Inuit owner of First Air rival Canadian North, was in talks with Makivvik to discuss a purchase or merger.

But officials with Norterra would not confirm that such a deal was under discussion.

Makivvik, the birthright organization for Nunavik Inuit beneficiaries of the James Bay land claims agreement (which has also used the spelling Makivik), has owned First Air since 1990 and operated it as a wholly-owned subsidiary.

The firm now employs more than 1,000 people, about 450 of whom live in northern Canada.

Starting in 2010, First Air formed joint-venture partnerships with two Nunavut birthright corporations: Sakku Corp. and Qikiqtaaluk Corp., to create the Sakku First and Qikiqtani First regional airlines.

This past June, the two companies announced they had won about 95 per cent of the Government of Nunavut’s air cargo business.

In its Oct. 3 statement, Makkivik said its board “reaffirmed its commitment to First Air’s strategic joint ventures with Sakku First Aviation Limited and Qikiqtani First Aviation Limited.”

And Tukkiapik said the Makivvik board and First Air’s management will go to work on “several strategic initiatives with a renewed focus on working with our joint venture partners.”

[johnkruk]

So the deal is off all of a sudden and now there is Lay-Offs at Firstair? Heard they layed off a bunch in YOW, more bad news for aviation!!!!!!!

[loopy]

Any links to support this? They were hiring not very long ago.

[thirdtimecharm]

http://nunasi.com/newsrelease

http://www.nunatsiaqonline.ca/stories/a ... ring_move/

[thirdtimecharm]

http://www.nunatsiaqonline.ca/stories/a ... nasi_corp/

[johnkruk]

http://www.cbc.ca/news/canada/north/sto ... -base.html

WOW more changes at Firstair, good thing is most will keep there jobs!!!!

[Donald]

good thing is most will keep there jobs!!!!

Tell that to the guys on the bottom, or the ones that have to up-root their families, or the guys who lost their left-seat. And we're not talking newly-hired guys, these are guys that have been there awhile...

[johnkruk]

http://www.cbc.ca/news/canada/north/sto ... yoffs.html

[Dispatcher7F]

Good source says 7F and Canadian North unions have been called for a meeting tomorrow. Word is a merger is going to happen. Anyone hear anything?

[tbaylx]

Haven't heard anything out west, I have a hard time seeing what would be in it for 5T at this point, but I ain't running the show.

[FICU]

Norterra just bought out Nunasi so buying up 7F would seem unlikely... but this is aviation after all!

[trey kule]

I heard that the meeting was delayed because the First Air team got lost, but once advised, they arrived without further incident.

[tbaylx]

I heard that the meeting was delayed because the First Air team got lost, but once advised, they arrived without further incident.

Too soon funny though

[av8ts]

Why is it that when I'm on the "General Airlines Industry Comments" page this thread shows as having 3 pages and 70 replies but when I go on this thread there is only 1 page and a lot less replies

Disregard. Got it. Display ALL posts

[tbaylx]

Well I'll be damned. For once the rumours are true. Interesting times

[boxcut]

http://newnorthernairline.com/

Official. On CBC as well.

[TAT]

Told you so: )

[palebird]

Good bye Canadian North and good riddance.