Exchange Income Corporation has congratulated PAL Aerospace, Air Borealis and partner Medavie Health on their selection as the parties to design, manage and operate integrated ambulance services for the Province of Newfoundland and Labrador in Canada.

PAL Aerospace, part of the Exchange Income Corporation family of companies, and Air Borealis, a Newfoundland-based aircraft operator formed as a partnership between PAL, the Nunatsiavut Group of Companies and the Innu Development Limited partnership, will be responsible for the design, management and operation of integrated fixed-wing and rotary air ambulance services for the Province of Newfoundland and Labrador. Through the partnership the companies have established with healthcare provider Medavie Health, these organisations will ensure safe, reliable and efficient medical transport services for communities across the province.

“We believe the selection of PAL Aerospace and Air Borealis, in partnership with Medavie, demonstrates the government of Newfoundland and Labrador's commitment to providing the highest standard of medical transportation services to its residents,” says Mike Pyle, chief executive officer of Exchange Income Corporation. “The EIC family of companies is Canada's largest, most established air ambulance operator employing both fixed and rotary wing aircraft. Today's selection builds on the momentum of Carson Air and Keewatin Air LP's recent selections as the fixed-wing air ambulance providers in British Columbia and Manitoba respectively, and further confirms the success of the strategic investments we've made to cement our leadership position in the market.”

PAL Aerospace has decades of experience in delivering specialised aviation services, including extensive experience in operating air ambulance services through a well-established partnership with Medavie in Nova Scotia. The company's dedicated team of operational and engineering experts, supported by Air Borealis's proven operations in the region and the proven medical transportation expertise of a host of other EIC companies including Carson Air, Keewatin Air and Custom Helicopters, will ensure the success of this critical initiative.

“It is a privilege to be entrusted with the design, management and operation of Newfoundland and Labrador's air ambulance services,” notes Calvin Ash, president of PAL Aerospace. “This partnership aligns with our long-standing commitment to safety, innovation and community service in Newfoundland and Labrador. Our expertise in aviation, combined with Medavie's leadership in integrated ambulance services, will ensure we deliver exceptional medical transport capabilities to the people of the province PAL will always call home.”