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Exchange Income Corporation Subsidiary, PAL Aerospace, Notified of Contract Award for Dutch Caribbean Coastguard Program
Exchange Income Corporation Subsidiary, PAL Aerospace, Notified of Contract Award for Dut...
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[{"type":"text","content":"\n \n \n \n Exchange Income Corporation Subsidiary, PAL Aerospace, Notified of Contract Award for Dutch Caribbean Coastguard Program\n \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 Canada NewsWire\n \n \n \n \n \n WINNIPEG, MB\n \n ,\n \n Dec. 21, 2021\n \n /CNW/ - Exchange Income Corporation (TSX: EIF) (\"EIC\" or the \"Corporation\") a diversified, acquisition-oriented company focused on opportunities in the aviation, aerospace and manufacturing sectors, is pleased to announce today that its subsidiary, PAL Aerospace, has received notice of the contract award decision to provide a dedicated air reconnaissance capacity for the Dutch Caribbean Coastguard. This future contract will see PAL Aerospace upgrade and operate two fully missionized DHC-8 maritime patrol aircraft, provide crew training on all systems, and support the operation of the aircraft for a minimum ten-year period, with options to extend.\n \n \n The award follows a careful and thorough evaluation of tenders by the Dutch Defense Materiel Organization, through which the consortium of PAL Aerospace and JetSupport Amsterdam, as the incumbent provider, was found to continue offering the Best-Price-Quality-Ratio to the customer. The consortium anticipates receiving the final contract shortly.\n \n \n \"PAL Aerospace's continued partnership with the Dutch Caribbean Coastguard is a testament to the positive relationships the company builds with its customers, and to the industry-leading intelligence, surveillance and reconnaissance services it provides,\" said\n \n Mike Pyle\n \n , CEO of EIC. \"This award also continues to validate EIC's strategy of making long-term strategic investments to support organic growth across the EIC family of companies.\"\n \n \n PAL Aerospace will deliver this contract in partnership with JetSupport Amsterdam, an independent provider of aircraft maintenance and support based at Schiphol Airport in\n \n the Netherlands\n \n . Jet Support and PAL Aerospace are also partners in the delivery of and support for Maritime Patrol Aircraft for the Netherlands Coastguard.\n \n \n ...