First Air and Canadian North Merger Approved
The long awaited ruling is in and the merger between Canadian airlines First Air and Canadian North is now officially approved per the Canadian government website (link here).
It appears from the article that the new airline will maintain the Canadian North name, even though it appears First Air is the entity taking over.
First Air Quick Facts:
- Fleet: 17 (Boeing 737 and ATR-42)
- Destinations: 35
- Founded: 1946
- IATA Code: 7F
- Hubs: Yellowknife Airport, Iqaluit Airport, Rankin Inlet Airport
Canadian North Quick Facts:
- Fleet: 15 (Boeing 737-200/300 and Dash-8)
- Destinations: 18
- Founded: 1998
- IATA Code: 5T
- Hubs: Yellowknife Airport, Iqaluit Airport, Edmonton Airport
Even though the merger is approved, the Canadian government said that the merger is subject to a number of terms and conditions, including no price increases to passengers and cargo, no reductions in schedules to destinations, and that the airline is subject to several transparency and accountability measures financially.