The Com­pany hosted a web­cast on Thurs­day, August 13th relat­ing to its Q2’2015 results. 
On July 2, 2015, the Com­pany closed the acqui­si­tion of Ben Machine Prod­ucts Com­pany Ltd. as described in the related press release.
On Jan­u­ary 2, 2015, the Com­pany closed the acqui­si­tion of Provin­cial Aero­space Ltd., the pend­ing pur­chase of which as pre­vi­ously announced Novem­ber 12, 2014 (see the relate press release).
Exchange Income Cor­po­ra­tion, a Cana­dian cor­po­ra­tion, was cre­ated to invest in prof­itable, well-​​established com­pa­nies with strong cash flows oper­at­ing in niche mar­kets and to dis­trib­ute sta­ble monthly cash div­i­dends to its shareholders.
To do this, it invests in com­pa­nies for the long term with no inten­tion of sell­ing; retains cur­rent man­age­ment; and works with them to grow their companies.
The Com­pany cur­rently owns sub­sidiaries in two niche oper­at­ing seg­ments, Avia­tion and Manu­fac­tur­ing. The oper­at­ing sub­sidiaries oper­ate autonomously and main­tain their indi­vid­ual busi­ness iden­ti­ties. Man­age­ment of the Com­pany con­tin­u­ously mon­i­tors the oper­at­ing sub­sidiaries and will under­take future acqui­si­tions and divesti­tures as deemed ben­e­fi­cial to the Com­pany.


Most of the oper­at­ing enti­ties within the avi­a­tion seg­ment pro­vide sched­uled air­line and char­ter ser­vice and emer­gency med­ical ser­vices to com­mu­ni­ties located in Man­i­toba, Ontario and Nunavut, includ­ing cer­tain First Nations com­mu­ni­ties. In pro­vid­ing those ser­vices the avi­a­tion seg­ment uti­lizes both fixed and rotary wing air­craft. These air trans­porta­tion ser­vices within cen­tral and north­ern Canada are pro­vided by the segment’s five niche air­lines: Calm Air, Perime­ter Avi­a­tion, Bearskin Air­lines, Kee­watin Air, and Cus­tom Heli­copters. Sched­uled air­line and char­ter ser­vices are also pro­vided in New­found­land and Labrador, New Brunswick, Nova Sco­tia and Que­bec by Provin­cial Air­lines, one of the busi­nesses oper­ated by Provin­cial Aero­space. The avi­a­tion seg­ment also includes Regional One, which is an after-​​market parts sup­plier to regional air­lines around the world, and Provin­cial Aero­space, which is a global leader in intel­li­gence, sur­veil­lance, recon­nais­sance and mar­itime patrol air­craft oper­a­tions and systems.

  • Calm Air is a regional air­line serv­ing the north­ern part of Cen­tral Canada, includ­ing north­ern Man­i­toba and Nunavut, with fre­quent daily sched­uled pas­sen­ger and cargo flights. Calm Air also oper­ates unit-​​toll freighter and cargo char­ter operations.
  • Perime­ter Avi­a­tion spe­cial­izes in sched­uled pas­sen­ger, med­ical trans­port ser­vices and cargo ser­vices to loca­tions within north­ern Man­i­toba. It also oper­ates a con­tract and exec­u­tive char­ter service.
  • Bearskin Air­lines pro­vides a regional sched­uled and char­ter ser­vice that cov­ers the key cities in north­ern Ontario and links major cen­tres in Man­i­toba and Ontario with a num­ber of smaller communities.
  • Kee­watin Air focuses on pro­vid­ing supe­rior med­ical trans­port ser­vices in Nunavut and north­ern Man­i­toba. It also pro­vides char­tered ser­vices to the Nunavut region.
  • Cus­tom Heli­copters pro­vides a vari­ety of rotary wing ser­vices mainly within Man­i­toba and Nunavut, pri­mar­ily for cus­tomers within hydro, min­ing and gov­ern­ment industries.
  • Regional One is a busi­ness focused on sup­ply­ing regional air­line oper­a­tors around the world with var­i­ous after-​​market air­craft, engines and other com­po­nent parts. It gen­er­ates rev­enue through direct and con­sign­ment sales, and through leas­ing arrangements.
  • Provin­cial Aero­space oper­ates three dis­tinct busi­nesses across the aero­space, air­line and avi­a­tion sec­tions. Provin­cial Aero­space is a global leader in intel­li­gence, sur­veil­lance, recon­nais­sance and mar­itime patrol air­craft oper­a­tions and sys­tems. As a ver­ti­cally inte­grated aero­space and defense busi­ness, Provin­cial Aero­space designs, mod­i­fies, main­tains and oper­ates cus­tom sen­sor equipped mar­itime patrol air­craft in Canada, the Caribbean and the Mid­dle East. Provin­cial Air­lines is an inde­pen­dent air­line that has been oper­at­ing for over 40 years in East­ern Canada pro­vid­ing sched­uled, char­ter and cargo ser­vices. Provin­cial Air­lines oper­ates sched­uled and char­ter flights in New­found­land and Labrador, Que­bec, New Brunswick and Nova Sco­tia. In addi­tion, Provin­cial Air­lines oper­ates Innu Mikun Air­lines, a part­ner­ship with the Innu First Nations of Labrador, which ser­vices the coastal com­mu­ni­ties of Labrador. PAL Avi­a­tion Ser­vices oper­ates fixed base oper­a­tions at two loca­tions, Hal­i­fax, NS and St. John’s, NL. Addi­tional ser­vices include air­craft refu­el­ing, ground han­dling and air­craft facilities.


The oper­at­ing enti­ties within the Man­u­fac­tur­ing seg­ment pro­vide a wide vari­ety of man­u­fac­tured goods and related ser­vices to cus­tomers in a large range of indus­tries and geo­graphic regions.

  • Stain­less Fab­ri­ca­tion is a cus­tom designer and man­u­fac­turer of stain­less steel tanks, ves­sels and pro­cess­ing equip­ment, which are sold through­out the United States.
  • Water Blast designs and man­u­fac­tures spe­cial­ized heavy duty pres­sure wash­ing and steam sys­tems, and is also the exclu­sive dis­trib­u­tor in Alberta, British Colum­bia, a por­tion of south­east­ern Saskatchewan, and the State of North Dakota for Hotsy pres­sure clean­ing equipment.
  • Over­lan­ders Man­u­fac­tur­ing man­u­fac­tures pre­ci­sion sheet metal and tubu­lar prod­ucts serv­ing British Colum­bia and the Pacific North­west Region of the United States.
  • Jasper Tank man­u­fac­tures cus­tom tanks for the trans­porta­tion of oil, gas, water and sewage and is located in Alberta.
  • WesT­ower Com­mu­ni­ca­tions man­u­fac­tures, engi­neers, designs, installs and main­tains com­mu­ni­ca­tion tow­ers and sites in Canada.
  • Ben Machine Prod­ucts a lead­ing man­u­fac­turer that pro­vides com­plex precision-​​machined com­po­nents and assem­blies pri­mar­ily for the aero­space and defence industry.