Exchange Income Corporation to Acquire Canadian North, Expanding Arctic Air Services

Exchange Income ( (TSE:EIF) ) just unveiled an update.

Exchange Income Corporation has announced a binding purchase agreement to acquire Canadian North for $205 million, expanding its essential air services business across Canada’s Arctic. This acquisition allows EIC to provide passenger and cargo services to all regions in the far north for the first time, enhancing its service efficiency and infrastructure in a region where air travel is essential due to the lack of road access.

More about Exchange Income

Exchange Income Corporation (EIC) is a diversified, acquisition-oriented company with a focus on opportunities in the Aerospace & Aviation and Manufacturing segments.

YTD Price Performance: -11.81%

Average Trading Volume: 107,942

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$2.56B

See more insights into EIF stock on TipRanks’ Stock Analysis page.