Business
Exchange Income Corporation Completes Acquisition of CANLink Global Inc. (Moncton Flight College)
Exchange Income Corporation Completes Acquisition of CANLink Global Inc. (Moncton Flight C...
About this update from Exchange Income Corporation
[{"type":"text","content":"\n\n\n\nExchange Income Corporation Completes Acquisition of CANLink Global Inc. (Moncton Flight College)\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nWINNIPEG, Feb. 28, 2018\n\n\n\nWINNIPEG, Feb. 28, 2018 /CNW/ - Exchange Income Corporation (TSX: EIF) (the \"Corporation\" or \"EIC\"), a diversified, acquisition-oriented company announced today it has successfully closed its acquisition of CANLink Global Inc. (Moncton Flight College). The acquisition purchase price is in line with the description of the transaction which was announced on February 21, 2018.\n\nMoncton Flight College (MFC) is the largest flight training college in Canada having trained over 19,000 students since its inception. MFC offers domestic Canadian pilot training as well as a foreign pilot program. They domestically offer a full range of training from private pilot licensing to commercial pilot programs, which include an Integrated Commercial Pilot Program, a Diploma in Aviation Technology Pilot Program and a four year Bachelor of Science/Pilot Program with Mount Allison University. MFC currently operates with approximately 160 employees, including over 90 flight instructors out of two campuses located in Moncton and Fredericton, New Brunswick.\n\nAbout Exchange Income Corporation\n\nExchange Income Corporation is a diversified acquisition-oriented company, focused in two sectors: aerospace and aviation services and equipment, and manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.\n\nThe Corporation currently operates two segments: Aerospace & Aviation and Manufacturing. The Aerospace & Aviation segment consists of the operations of Perimeter Aviation (including Bearskin Airlines), Keewatin Air, Calm Air International, Custom Helicopters, Regional One, Provincial Aerospace and Moncton Flight College. The Manufacturing segment consists of the operations of Overlande...