Northway Aviation Acquires SkyNorth Air

Exchange Income Corporation Acquires Canadian North (Bradley Air Services)

July 2, 2025

Transportation

Exchange Income Corporation (EIC) has completed its acquisition of Bradley Air Services Limited, which operates as Canadian North, for a purchase price of $205 million (subject to adjustments), with $10 million paid in common shares. The acquisition expands EIC’s northern route network and infrastructure—adding passenger, cargo and charter services across 24 Arctic communities—and excludes the Montreal–Kuujjuaq route, which remains with vendor Makivik Corporation.

Manifest Acquires Skyroads Aviation

October 3, 2024

Transportation

Manifest, a Denver-based lifestyle and travel club, has agreed to acquire Skyroads Aviation, a Part 135 certificated air carrier based at Centennial Airport outside Denver. The deal — expected to close by October 31 — will allow Manifest to operate its own private aviation services (it has also leased a Pilatus PC-12); Skyroads’ current five King Airs will not be part of the acquisition.

Westcap Invests in Northway Aviation

March 6, 2024

Transportation

Westcap Mgt. Ltd., through its funds Westcap MBO III Investment LP and Connect Manitoba Growth Fund LP, has made a growth investment in Northway Aviation LP and Northway Aircraft Leasing LP. The Johnson family (current owners) will retain a significant stake as Westcap supports Northway's plans to expand scheduled and charter passenger and freight services to additional communities across northern Manitoba and western Ontario.

TransMedics Acquires Summit Aviation to Expand Transplant Aviation Capabilities

August 1, 2023

Transportation

TransMedics Group, Inc. has signed a definitive agreement (and subsequently completed) to acquire Summit Aviation, a U.S. charter flight operator, to establish TransMedics Aviation and provide dedicated air logistics for organ transplantation. The acquisition brings Summit's charter expertise and team (founder Ben Walton to join TransMedics as VP of Aviation Services) to support TransMedics' National OCS Program and expand its organ transport capabilities nationwide.

WestJet Group (Pending Regulatory Approval) to Acquire Sunwing Airlines

March 2, 2022

Transportation

WestJet signed an agreement to acquire Sunwing Airlines, pending regulatory approval. CUPE 4070, representing nearly 4,000 WestJet cabin crew members, said employees were informed of the deal and highlighted uncertainty for Sunwing employees as well as concerns around collective agreement rights across both companies.

Directional Aviation's OneSky Flight Acquires Associated Aircraft Group

May 25, 2021

Aerospace & Defense

Directional Aviation’s OneSky Flight acquired Associated Aircraft Group (AAG), a New York–based helicopter operator and FAA part 145 repair station that operates Sikorsky S-76/S-92 aircraft. The transaction (advised by Seabury Securities) expands Directional Aviation/OneSky’s vertical flight capabilities and adds charter, fractional and MRO services in the Northeastern United States; reports indicate the business was sold by Sikorsky/Lockheed Martin interests.