EventGovernment of Nunavut decided against purchasing a minority stake in Canadian North and Calm Air after a one‑year review under a ten‑year travel agreement with Exchange Income Corporation. It concluded that reliable, affordable air services can be maintained without equity investment.
Government of Nunavut chose not to invest in Canadian North and Calm Air, concluding that reliable, affordable air services can be maintained through an existing 10‑year agreement with Exchange Income Corporation.
The Government of Nunavut declined to take a minority stake in Canadian North and Calm Air after a year‑long review under a ten‑year travel agreement with Exchange Income Corporation. It said reliable air services can be maintained without equity investment while remaining committed to working with the airlines.
