Provincial Aerospace wins 5 year in-service support contract

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.