Provincial Aerospace, a subsidiary of Exchange Income Corporation, has been awarded a 5 year in-service support contract with an existing Middle East client. This contract is expected to generate additional revenues of in excess of $150m over the 5 years. “We are delighted to be able to expand our operations in the Middle East and look forward to continued growth in the region. From a strategic perspective, Provincial Aerospace’s provisioning of in-service support to clients in Canada and through-out the world is a great fit with our strategy of maximizing return on previously invested capital as the in-service support program does not require significant new capital,” said Mike Pyle , CEO of Exchange Income Corporation. Provincial Aerospace has been working in the Middle East since 2008 and signed its first in-service support contract in the region in 2012.
Exchange Income Corporation, a Canadian corporation, was created to invest in profitable, well-established companies with strong cash flows operating in niche markets and to distribute stable monthly cash dividends to its shareholders. To do this, it invests in companies for the long term with no intention of selling; retains current management; and works with them to grow their companies.
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada