Westcap Mgt. Ltd. facilitates Northway Aviation's acquisition of SkyNorth Air, enhancing essential air transport and medical services across Manitoba.

Information on the Target

Northway Aviation LP and Northway Aircraft Leasing LP, collectively referred to as Northway, are established players in the regional aviation sector with over six decades of experience. The companies provide vital air transport services, including scheduled chartered flights and freight transport, primarily to remote communities across Manitoba and Ontario. Northway has gained a strong foothold as the preferred transportation partner for over fifteen communities and First Nations, delivering around 11,000 flights annually. Their commitment to industry-leading safety and reliability is underscored by a dedicated workforce of more than 80 professionals who operate a diverse fleet of nine aircraft, including Cessna Caravans and Pilatus PC-12s.

Industry Overview in Canada

The regional aviation sector in Canada, particularly in more remote areas, plays a crucial role in connecting isolated communities to essential services and economic opportunities. This industry is characterized by a mix of scheduled passenger services, cargo transport, and specialized operations such as air ambulance services. Operators in this space face unique challenges, including navigating vast and often harsh geographic terrains while maintaining high safety standards.

In recent years, demand for regional air transport has increased, driven by the need for access to healthcare, education, and other vital services among rural populations. The industry has advanced technologically, with improvement