Client Spotlight: Harbour Air

Client Spotlight: Harbour Air

Capital West is proud to have advised many of Western Canada’s leading businesses over the past 30+ years, including Harbour Air, one of the world’s largest and most successful seaplane airlines and an iconic brand in Canada.

Harbour Air recently celebrated its 40th anniversary and continues to be a leader and pioneer in the aviation industry. Over its history, the Company has had numerous notable achievements including:

  • First operator to provide regularly scheduled seaplane flights between Vancouver and Vancouver Island
  • Numerous aircraft upgrades and modifications that have been approved by Transport Canada, and then used by other airlines around the world
  • In 2007, became the first airline in North America to be carbon neutral by purchasing carbon offset credits on all its flights

Harbour Air has now embarked on its most ambitious goal to date – to become the world’s first airline to operate a full fleet of electric-powered aircraft – by partnering with Seattle-based maginX, a world leader in the development of electric propulsion systems for the aviation sector. This initiative further reinforces Harbour Air as a true leader in the industry.

Harbour Air has already made substantial progress on this ambitious and pioneering initiative. In December 2019, Harbour Air and maginX completed the world’s first fully electric commercial aircraft when a Harbour Air de-Havilland Beaver completed a 4-minute flight in Richmond, BC. Both companies have continued to develop the technology and recently completed the world’s first point-to-point flight of an electric commercial aircraft – a 24-minute flight from Richmond, BC to Vancouver Island. The development of the technology is ongoing and Harbour Air’s next targeted milestone is to carry its first passengers on electric aircraft by summer 2024.

We are proud to see Harbour Air’s innovation and success in this significant step to becoming a green airline. Congratulations!

Capital West Transactions with Harbour Air:

Westcoast Air sale to Harbour Air Seaplanes
Harbour Air sale of 49% interest to Zongshen Industrial Group
Harbour Air sale of control to Birch Hill Equity Partners

About Capital West Partners

Founded in 1990, Capital West Partners is an independent M&A advisory firm based in Vancouver, BC. As mid-market specialists, we deliver focused financial advice and transaction expertise to public and private companies, as well as public sector entities, in Western Canada and beyond for a range of transaction situations, including:

  • Divestitures
  • Mergers & Acquisitions
  • Strategic Financings
  • Valuations & Fairness Opinions
  • Financial Advisory Assignments

Capital West has a proven track record of 30+ years of completing transactions that maximize value for our clients. Since inception, we have completed deals with over $11 billion in combined total value.

Capital West is also a proud partner in IMAP (International Mergers and Acquisitions Partnership), a global organization of highly experienced middle-market advisory firms in over 40 countries. Through IMAP, we maximize our global reach to bring industry and country expertise to every one of our assignments, and to find our clients the best buyers and investors in North America and beyond.

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