CALGARY, Canada, March 17, 2015 – Avmax Group Inc. has completed a Letter of Intent (LOI) with a joint venture partner to reacquire 100% ownership of Regional 1 Airlines Ltd. (R1 Airlines). The LOI contemplates moving R1 Airlines, known as a workforce transportation charterer and formally recognized as a subsidiary of Regional Express Aviation Limited (REAL), under the corporate management of Avmax Group Inc. (Avmax). The transaction is subject to stakeholder review and approvals and legal documentation.
The decision follows an extensive business review of Avmax and R1 Airlines strategies, business markets and operational structure. As an Avmax managed company, R1 Airlines can maximize its respective growth opportunities and drive greater value for its clients.
“We believe the move is necessary to respond to the diverse client expectations and the highly dynamic markets that R1 Airlines serves,” said R1 Airlines Vice President, Al Young. “Avmax is able to support R1 Airlines with deep functional and unrivalled access to world-wide locations, additional aircraft, aviation parts and services.
Under Avmax management, R1 Airlines can address the unique needs of the competitive resource sector market including the demands from their clients in the peacekeeping, humanitarian, corporate and leisure sectors. The new motto “Powered by Avmax” will further solidify R1 Airlines as truly “boundless” in its quest for global growth, and expansion of its domestic and international charter offering as well as ACMI operations.
About R1 Airlines Ltd.
Operating to the world’s highest aviation and safety standards, R1 Airlines flies its clients anywhere in the world. With proven experience flying to densely populated areas, remote places and vulnerable locations, R1 Airlines has a track record of helping clients with their workforce travel needs. R1 Airlines has access to the world’s largest private fleet of Dash 8 and CRJ series aircraft, backed by the strength of a global MRO support network and supply chain. As an Avmax managed company, R1 Airlines is based in Calgary, Canada. To learn more and to request a quote, visit www.r1airlines.ca or call 1 888.802.1010.
About Avmax Group Inc.
Avmax Aircraft Leasing Inc. is the world’s largest private owner of de Havilland DHC 8 and CRJ Series aircraft. Other types available include ATR 72 and BA 146 series aircraft. Avmax Spares maintains a large inventory of DHC 8 and CRJ components through a global supply chain for both new OEM certified parts and used components, as well as ground support equipment. Avmax Avionics is Canada’s largest dedicated avionics service company providing repair, modification, integration, distribution and most recently calibration services. Avmax Aviation Services Inc. provides heavy maintenance, modifications and MRP’s through its Maintenance Repair and Overhaul (MRO) located in Calgary with a focus on DHC 8, BA 146, CRJ and similar aircraft types. The Avmax MRO holds Transport Canada, EASA and FAA approvals. Avmax USA Holdings, Inc. includes Heavy Maintenance Centers in Great Falls, Montana, and Jacksonville, Florida, which are approved for CRJ, DHC 8, Embraer 135/145/170/175 and BA 146 aircraft, while the Great Falls location boasts a new state of the art paint facility. Business aircraft interiors are managed through the Avmax Executive Interiors in Montreal.