(acquired by the Company in April 2009)

Calm Air is a niche airline serving the northern part of Central Canada, including northern Manitoba and Nunavut.

From its three main bases at Winnipeg, Thompson and Churchill, Manitoba, Calm Air operates frequent, daily scheduled passenger and cargo flights throughout Manitoba and the Kivalliq Region of Nunavut.  Calm Air maximizes the revenue potential on scheduled passenger flights with the shipment of cargo to large and small centres throughout its system.  In addition, Calm Air operates a schedule of unit-toll freighter and cargo charter operations throughout the year, with cargo volumes increasing in each of the past six years.

Calm Air provides charter services to a variety of customers, including government, corporate clients and community groups.  Calm Air is also capable of providing customized charter service due to the versatility of its fleet.  While Calm Air maintains a core of passenger, cargo and charter customers which provide a reliable source of income each year and throughout the year, Calm Air has a diversified customer base ensuring that it is not financially dependent on any one customer.