Regional 1 Airlines (Calgary) and Air Georgian (Toronto Pearson) have completed a joint venture through the creation of a parent company, Regional Express Aviation Ltd. (“REAL”), based in Calgary, Alberta. As previously mentioned, Air Georgian and R1 will both benefit from having access to the world’s largest private fleet of Dash 8 and CRJ series aircraft, over CAD100million in spare parts and domestic maintenance bases located throughout Canada. Air Georgian will continue to focus on its long-term CPA relationship with Air Canada (AC, Montréal Trudeau), its core business. AGL currently operates a fleet of sixteen Beech 1900D aircraft under the brand name Air Canada Express. Regional 1 Airlines will be rebranded as R1 and will grow its business of providing specialized air charters, with particular attention to the transportation needs of customers in Canada’s resource sector. In addition, R1 will continue to leverage its expertise in international operations, specializing in ACMI contracts in remote regions, as well as continuing to support the United Nations World Food Programme and other peacekeeping and humanitarian programmes. The combined operations will utilize Beechcraft 1900Ds, Dash 8-100s, Dash 8-200s, Dash 8-300s as well as CRJ100s and CRJ200s. Air Georgian will continue to operate and provide maintenance and support in the corporate jet charter market in Toronto Pearson, as well as offering third-party pilot and technical aircraft training to the airline and corporate aviation sectors.