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Canada's True North Airways (TNA) reports that it is reinforcing its position as a trusted name in executive air travel and aviation services, positioning itself as a growth opportunity for investors. With revenue streams in executive air travel, cargo transport, resource industry logistics and luxury tourism markets as well as its expansion into El Salvador and ongoing investment in Canada, Northfield shareholders gain direct exposure to high-margin aviation operations and emerging global markets through Northfield's investment in TNA.
“Northfield continues to invest in high-growth opportunities, and True North Airways is a prime example of this strategy in action,” says Robert Cudney, CEO of Northfield. “Our aviation expansion aligns with the increasing demand for executive travel, government and medical services, and cargo transport. With our latest developments in Canada, the launch of TNA South in El Salvador and incorporating bitcoin as a payment method for charter services, Northfield shareholders gain exposure to a dynamic and expanding aviation market, an emerging asset class, and have the opportunity to be part of this exciting journey as we continue to scale operations and drive shareholder value.”
Iain Hayden, CEO of True North Airways adds: “The aviation sector is experiencing significant growth, and True North Airways is at the forefront of providing innovative solutions for business, government and infrastructure clients. With our expanded facilities, diverse fleet and entry into the El Salvador market, we are well-positioned to meet the needs of clients seeking efficient and flexible air travel. Our recent certification for jet charter operations and our enhanced cargo capabilities make this an exciting time for TNA and our partners.”
TNA is rapidly expanding its operations with the completion of a brand-new 13,000 sq ft hangar at Huronia airport, located in Midland, Ontario, serving as a key base for its executive charter services. This facility enhances TNA's ability to provide charter air services for individual and corporate clients, government contracts, emergency response, forest firefighting, medical and community support, and infrastructure projects across northern Canada and beyond.
This expansion complements TNA's existing 10,000 sq ft hangar in Sudbury, Ontario, reinforcing its capacity to deliver aviation solutions across a range of industries. The Sudbury hangar is also home to Omar Aviation, a wholly-owned TNA subsidiary, and a provider of aviation maintenance, repair and support services for both private and commercial aircraft. In addition to providing maintenance services, Omar Aviation supports TNA's fleet operations, ensuring top-tier safety and reliability for clients across the aviation sector.
TNA operates a versatile fleet, including a Gulfstream G100 executive jet, Pilatus PC-12 single-engine turboprop aircraft, amphibious floatplanes, including a de Havilland Turbo Beaver, Airbus/Eurocopter AS350B2 helicopter and a Bell 206B3 helicopter, allowing for seamless transportation across North and South America.
TNA has successfully obtained its 704 Operator's Certificate, a significant milestone that enables the company to expand its executive charter services under Canadian aviation regulations. This certification allows TNA to operate its fleet of mid-size and light executive jets, opening new revenue streams for high-end business and leisure travel.
True North Airways' executive jet fleet includes the GUlfstream G100, Cessna Citations and the Pilatus PC-12.
In response to growing opportunities in Latin America, Northfield is also pleased to announce the establishment of TNA South, S.A. de C.V. (TNA South), a wholly owned subsidiary based in El Salvador. This expansion follows the country's recent political and economic reforms, positioning El Salvador as a global leader in bitcoin adoption and an emerging market for tourism, mining and resource exploration.
El Salvador has undergone significant transformation in recent years, which Northfield believes makes it an attractive destination for foreign investment, tourism and business expansion. With a rapidly improving infrastructure, enhanced security measures and pro-business government policies, the country is experiencing economic growth and an influx of international tourism. TNA South is well positioned to capitalise on this surge by offering premium executive air travel, cargo transport, logistical support for business expansions, tailored air services for the growing tourism and hospitality sector.
TNA South has secured 50 acres of land in El Zonte, also known as Bitcoin Beach, a premier tourist destination and financial innovation hub. This strategic location has the potential to serve as an aviation hub and base of operations in El Salvador. TNA South will leverage El Salvador's progressive digital asset legislation by accepting charter payments in bitcoin, providing Northfield shareholders with exposure to this new asset class.
With the country now also open to mining and resource exploration, TNA South will also support companies operating in these industries by offering essential aviation logistics, including charter flights for executives, geophysical survey aviation support, cargo transport for exploration projects and direct access to remote sites. Additionally, with the rise in luxury and adventure tourism, TNA South is well-positioned to serve high-net-worth individuals and exclusive travel experiences in El Salvador.