First Air, Canadian North take another run at merging – Nunatsiaq.com

by ahnationtalk on July 10, 201844 Views

July 10, 2018

Nunavut’s Inuit orgs being wooed as potential investors

Makivik President Charlie Watt says that Canada’s eastern Arctic is too big and remote to support two regional airlines—conditions that have prompted another round of merger talks between his organization’s First Air and its rival, Canadian North, which is owned by the Inuvialuit Corporate Group.

And Watt says he hopes Nunavut’s land claim organizations end up buying a piece of the new airline. Such an investment may help make airfares more affordable, he said in an interview with Nunatsiaq News.

“If the companies are owned by everyone, I think that’s the only positive thing to do,” he said.

First Air and Canadian North announced on July 7 they had struck an agreement in principle to merge. Makivik started the talks under the new direction of Watt, following his election as president of the Nunavik land-claim organization earlier this year.

Read More: http://nunatsiaq.com/stories/article/65674first_air_canadian_north_take_another_run_at_merging/

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