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Tli Cho Air lands aircraft deal
Dash 7 Combi is first aircraft purchased by partnership between the Tlicho Investment Corp. and Air TindiThandiwe Vela Northern News Services Published Saturday, December 17, 2011
The four-engine aircraft is the first purchased by the charter air service provider, which is majority owned by the Tlicho Government's financial arm Tlicho Investment Corp., and minority owned by Discovery Air Inc. subsidiary Air Tindi. "We have been partners in the aviation business with Air Tindi for many years," Tlicho Investment Corp. chairman Alex Nitsiza said. "And now we have taken the next logical step of building equity with the help of our partners at Air Tindi." Air Tindi conducts all flight operations for the joint-venture, and the Dash 7 Combi has already been integrated into the Yellowknife-based company's fleet, conducting contracted work with multinational mining companies and undertaking government charter flights. "We feel very privileged to advance this partnership to well beyond just providing an air service, now creating investment, wealth and employment for many of the Tlicho beneficiaries," said Discovery Air group president of Northern business services Adam Bembridge. "This will bring a new level of pride into the Tlicho communities." The $5-million short take-off and landing aircraft can operate from ice and gravel airstrips as short as 2,500 feet in length, cruise to a speed of 240 miles per hour, and can carry both passengers and freight at the same time -- with a capacity of 46 passengers and 10,000 pounds of cargo, or several combinations of the two.
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