Exchange Income Corp. Expands Aviation Reach with Acquisition of Bradley Air Services
- Exchange Income Corporation acquired Bradley Air Services for $205 million, expanding its aviation operations in Northern Canada.
- The acquisition enhances EIC's regional airline capabilities, improving services to 24 remote communities in Nunavut and Northwest Territories.
- EIC aims to invest in local economies and Indigenous training programs, fostering growth and community engagement in aviation.
Exchange Income Corporation Expands Aviation Operations with Acquisition of Bradley Air Services
Exchange Income Corporation (EIC), a diversified acquisition-oriented firm focused on Aerospace and Aviation, successfully completes the acquisition of Bradley Air Services Limited from Makivik Corporation and Air NorTerra Inc. This strategic move, finalized on July 2, 2025, marks a significant expansion in EIC’s aviation operations, enhancing its capabilities in the regional airline market. The acquisition, valued at $205 million, integrates Canadian North, which provides essential passenger and cargo services to 24 remote communities in Nunavut and the Northwest Territories. The deal not only strengthens EIC’s operational capacity but also aligns with its broader strategy to diversify its portfolio and solidify its presence in key markets.
By integrating Canadian North's services, EIC enhances its operational footprint in Northern Canada, where reliable air travel is crucial for connecting isolated communities. The airline primarily operates from Ottawa and Edmonton, generating a substantial portion of its revenue through these southern gateways while also offering dedicated charters to resource customers in northern Alberta and British Columbia. This acquisition complements EIC’s existing subsidiary, Calm Air, which services the central region of Nunavut, thereby allowing the company to provide comprehensive coverage across the far north for the first time. Although initial returns on capital may be below typical thresholds, EIC anticipates that operational efficiencies will lead to targeted returns by the end of the second year.
The acquisition also reflects EIC's commitment to community investment in Northern aviation services. Alongside the operational enhancements, EIC emphasizes the importance of fostering local economies through infrastructure investments, training programs, and job creation. This strategic focus aligns with their broader initiative to double the capacity of the Atik Mason Indigenous Pilot Pathway in Nunavut by 2026, which aims to eliminate barriers to flight training for Indigenous students. This program, which has already seen its first student begin training, underscores EIC's dedication to investing in local talent and fostering connections to Indigenous culture. Overall, the acquisition of Bradley Air Services is seen as a pivotal step for EIC, positioning the company for substantial future growth in the competitive aviation industry.
In addition to the acquisition, EIC is making strides in community engagement and support through its pilot pathway program, which addresses the challenges faced by Indigenous students in accessing flight training. The company’s emphasis on local community investment is integral to its operational identity and success in the region. While EIC remains aware of the uncertainties and risks that accompany forward-looking statements, its disciplined acquisition strategy continues to spotlight profitable opportunities in niche markets across the Aerospace & Aviation and Manufacturing sectors.