Air aviation news- Carson Air (CRN, Kelowna) and PAL Airlines (Canada) (PB, St. John’s) are to get a shot in the arm thanks to a CAD150 million (USD112.4 million) bought deal offering of common shares by their parent, Exchange Income Corporation (EIC).
“The net proceeds of the offering will be used to fund the corporation’s growth initiatives, including partially funding the investments associated with recent announcements at Carson Air and PAL Airlines, and for general corporate purposes,” EIC said in a statement.
British Columbia recently awarded Carson Air a CAD200 million (about USD150 million) ten-year-plus contract to provide fixed-wing medevac coverage for the whole province, which previously was divided into multiple contracts with different suppliers. The deal requires a fleet of new Beech (twin turboprop) King Airs and a full motion simulator for pilot training. EIC has contracted directly with the OEM and purchased production slots to meet the province’s timelines. The aircraft will be modified with medical interiors and phased into service once the conversions are complete.
Meanwhile, PAL Airlines will…
Air Canada to add six PAL Q400s as “bridging solution”
31.05.2023 – 15:53 UTCAir Canada (AC, Montréal Trudeau) has signed a Letter of Intent with PAL Airlines (Canada) (PB, St. John’s) to wet-lease up to six DHC-8-Q400s for up to five years and will deploy them on routes in eastern Canada as a bridging solution to help address a pilot shortage at Jazz Air (QK, Halifax).
“PAL Airlines has steadily built its extensive presence in Eastern and Atlantic Canada by pursuing the strategic growth of sustainable, essential services that provide connectivity to national carrier networks. This proposed arrangement with Air Canada is a complimentary extension of that strategy. It would support continued growth in our operation, deepen our ability to build regional connectivity, and fortify PAL Airlines’ presence in the communities who have always supported our development,” PAL Airlines President Calvin Ash said.
The agreement remains subject to finalisation. Air Canada has not revealed where it will deploy the PAL aircraft.
The regional carrier operates seven DHC-8-Q400s, as well as three DHC-8-Q300s, one DHC-8-300, two DHC-8-100s, and two Beech…
UK’s flybe. takes first Dash 8-Q400 for restart
29.11.2021 – 19:42 UTCflybe. (Birmingham, GB) has taken delivery of its first DHC-8-Q400 ahead of its planned restart early next year.
G-JECX (msn 4155) was ferried from Maastricht to Exeter on November 5, 2021, already in the start-up’s new livery and, after maintenance, onwards to the carrier’s future base at Birmingham, GB on November 25, 2021, Flightradar24 ADS-B data shows. Since then, the 14.8-year old turboprop has been operating test flights between Birmingham and Exeter.
The aircraft is owned by Nordic Aviation Capital and was operated by flybe. (2002) in its previous iteration through March 2020, the ch-aviation fleets history module shows.
flybe. initially secured its first Dash 8 in early 2021. However, G-CLXC (msn 4014) remained parked at Exeter airport from March to August 2021 and was subsequently ferried back to Canada. It was deregistered from the United Kingdom on September 10, 2021, and was inducted by PAL Airlines (Canada) in early October 2021.
The airline, now backed by Cyrus Capital, plans to launch…