Northfield Capital Corporation, a Canadian-owned investment company, is expanding its fleet with the addition of a second Pilatus PC-12 NG. The transaction was completed through Northfield's wholly-owned subsidiary Spruce Goose Aviation and complements the earlier purchases of two high-performance helicopters. The transaction finalises the corporation's multi-aircraft buildout designed to support growth at its commercial operating subsidiary, True North Airways (TNA). The purchase was funded through an amendment to its aircraft loan agreement, increasing total available proceeds to US$5.795 million.

This aircraft marks True North's second PC-12 in its active fleet following the addition of two helicopters earlier this year, acquired to address rising demand for charter flight hours and mission-specific services throughout Canada, the US and Central America. The aircraft is a modern, low-time, high-utility platform that enhances TNA's operational scale and geographic reach.

“This completes the staged rollout of our aviation growth strategy,” says Robert D. Cudney, chief executive officer of Northfield. “With three helicopters, two Pilatus PC-12s, a Cessna Citation light jet and Gulfstream G100 mid-size jet now under management, we have assembled a fleet that is optimised for charter demand, infrastructure logistics, government contracts and exploration support across North and Central America. We now move from capital deployment to cash flow generation.”

Iain Hayden, CEO of True North Airways, adds: “Adding a second PC-12 gives us meaningful lift to meet charter demand, with operational flexibility and reliability. This second PC-12 brings our fixed-wing charter capabilities to another level. Its short-field performance, payload capacity and operating economics make it the perfect aircraft to serve our growing client base across remote and urban markets. As demand continues to rise, we're proud to offer our clients the versatility and reliability they've come to expect from TNA. Combined with our helicopter assets, we can now offer a fully integrated aviation solution to our clients, whether they're in executive travel, energy, remote logistics or public service. The strategy is complete, and we're excited to fly.”