Just saw several job ads for Regional 1 specifically asking for 737 experience:

http://avcanada.ca/forums2/viewtopic.php?f=7&t=142865
http://avcanada.ca/forums2/viewtopic.php?f=7&t=142864

Is there another Canadian ULCC in the works?

Read an aviation news headline a few weeks back they were starting up operations with a single Dash 8 but no other details.

Also heard that former (old) Cdn North management are involved with them. Maybe getting back into ACMI work...who knows?

Now that is funny. Binder and ex Canadian North people.

I call it Regional '2'.

Binder is out of it.

This is "Sunward Airlines" basically. Avmax and it's Chinese ownership conglomerate. They've been sniffing around about 737s a whole bunch.

I heard that they are working on getting four 737-700s. Avmax is buying them and leasing it to R1. All backed with foreign money.