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Significant Contracts<br />
First Air has signed several significant contracts during the first half of<br />
this year. In February, a 12-month extension of our cargo and passenger<br />
services agreement was negotiated with the Northwest Company,<br />
which is one of the largest cargo shippers in the North. This extension<br />
is a direct recognition of the significant value proposition First Air delivers<br />
to Northern Stores and Northmart on an ongoing basis.<br />
First Air and our partners, Qikiqtani First Aviation and Sakku First<br />
Aviation, have successfully secured 95% of the market for the Government<br />
of Nunavut’s freight requirements over the next 12 months. This is our<br />
second win from the Government of Nunavut. Earlier this year First Air<br />
and our partners were awarded the majority of the Government of<br />
Nunavut’s medical contract.<br />
First Air also secured the Stanton Territorial Health Authority<br />
Agreement, which includes all staff duty travel, contractors, and patients<br />
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for Northwest Territories medical travel. Our proposed rates were selected<br />
for 22 out of 24 potential routes, representing a significant volume of<br />
passenger travel.<br />
Through these contracts, our customers are demonstrating their continued<br />
confidence in our service and operational capabilities. We provide<br />
our customers with an efficient and cost effective service across a route<br />
network that links more northern communities than any other carrier.<br />
To support our cargo delivery commitments, we have extended<br />
the lease agreement for the B767 Super Freighter, providing an additional<br />
three years with this aircraft. The B767 has proven to be a valuable
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