The Company's operating segments are strategic business units that offer different products and services. The Company has two operating segments: Aviation Services & Aerospace and Manufacturing

The operating subsidiaries of the Company ("Subsidiary" or "Subsidiaries") operate autonomously and maintain their individual business identities. Management of the Company continuously monitors the operating subsidiaries, and will undertake future acquisitions as deemed beneficial to the Company.

Aviation Services & Aerospace

Includes a variety of operations within the aviation and aerospace industries. It includes providing scheduled airline, cargo, charter service, and emergency medical services to communities located in Manitoba, Ontario, British Columbia, Alberta, and Nunavut. These services are provided by: Calm Air, Perimeter Aviation, Keewatin Airlines, Bearskin (as a division of Perimeter Aviation), Custom Helicopters, Carson Air, the equity investment in Wasaya Airways, and other aviation supporting businesses ("the Legacy Airlines").

Regional One is focused on supplying regional airline operators around the world with various after-market aircraft, engines, and component parts.

Provincial provides scheduled airline, charter service, and emergency medical services in Newfoundland and Labrador, Quebec, New Brunswick, Nova Scotia, and Ontario and through its aerospace business Provincial designs, modifies, maintains and operates custom sensor equipped aircraft. Provincial has maritime surveillance and support operations in Canada, the Caribbean, the Middle East, and Europe. Through MFC Training, Provincial offers a full range of pilot flight training services, from private pilot licensing to commercial pilot programs. Crew Training International, which is consolidated as part of Provincial, delivers training solutions for its customers across an array of aviation platforms and has in-depth experience in training pilots and sensor operators on both manned and unmanned aircraft for the US Department of Defense.

Together all of these operations make up the Aviation Services & Aerospace segment. To assist in further explaining the segment, the Company may refer to the Legacy Airlines, Regional One and Provincial.


Providing a variety of manufactured goods and related services in a number of industries and geographic markets throughout North America.

Northern Mat is a manufacturer of environmentally responsible temporary access mats, and sells and rents those mats as well as temporary access bridges to provide complete access solutions. Quest is a manufacturer and installer of an advanced unitized window wall systems used primarily in high-rise multi-family residential projects in Canada and the United States. WesTower is focused on the engineering, design, manufacturing and construction of communication infrastructure, wireless and wireline construction and maintenance services, and the provision of technical services. Stainless manufactures specialized stainless steel tanks, vessels and processing equipment. Ben Machine is a manufacturer of precision parts and components primarily used in the aerospace, defense, healthcare, and security sectors. LV Control is an electrical and control systems integrator focused on the agricultural material handling segment. The Alberta Operations manufactures specialized heavy duty pressure washing and steam systems, commercial water recycling systems and custom tanks for the transportation of various products, primarily oil, gasoline and water. Overlanders manufactures precision sheet metal and tubular products.

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