Whitehorse, Yukon - December 19, 2014 - Air North, Yukon's Airline today announced that it has closed its 2014 offering of 80 Class C Shares at $10,000 per share, issued under the Yukon Small Business Investment Tax Credit (YSBITC) program.
The airline's share sales are managed by their legal representatives, Lamarche & Lang, who maintain a wait list of interested parties. The length of the list made it unnecessary for the airline or the firm to advertise the 2014 share offering.
"It's been over 12 years since our first share offering under the YSBITC program in early 2002," said Joe Sparling, Air North's President. "Including that first offering, we've successfully closed seven offerings under the YSBITC program as well as a private offering of Class D, Series B shares. Each time I've been astounded by the level of interest shown by Yukoners. The appetite to support and play a part in helping Air North to grow is extremely gratifying."
Air North has applied for preliminary approval to issue a further 80 Class C Shares at $10,000 per share under the YSBITC program in early 2015. Once approval has ben received, shares will been again be offered first to parties on the wait list.
"I'd like to thank our current shareholders for their ongoing and steadfast support, and I look forward to welcoming new shareholders on-board," said Sparling. "We're continuing to build a true success story in Canadian aviation, and I'm extremely proud that it's a success story based in the Yukon."
Allan Moore, Air North's chief operating officer, has worked for a number of airlines around the world and echoes the sentiment.
"From Europe and Asia to Africa, I've never seen the affection and loyalty for an airline that is demonstrated by Yukoners," said Moore. "We see this day in and day out and it absolutely drives us to deliver the best service that we can in return."
To have your name added to the wait list, please contact Sharon Moar at (867) 456.3303 or Monishia Liedtke-Thompson at (867) 456.3300.