Porter Aviation Holdings (PAHL) formerly known as REGCO Holdings Inc. is a Canadian aviation company. It is the parent company of Porter Airlines and Porter FBO Limited.
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Ownership
The company was founded in 1999.
Porter Aviation Holdings Inc. is controlled by :
- Robert Deluce (whose brother Peter Deluce ran Canada 3000 until its demise in late 2001)
- Larry Tanenbaum - part owner of Maple Leaf Sports and Entertainment
Investors: $125 million CAD has been put into the airline including money from:
- EdgeStone Capital Partners
- Borealis Infrastructure - the investment arm of the Ontario Municipal Employees Retirement System (OMERS).
Holdings
- Porter FBO Limited - Toronto City Centre (island) airport facilities
- Porter Airlines
Operations
PAH operates the Porter regional airline and terminal facilities at the Toronto island airport.
Launch
The then REGCO Holdings purchased the Island Airport assets of City Centre Aviation Ltd in 2005. This included the terminal used by Air Canada' Jazz airline, then operated daily flights to Ottawa from the airport. On Feb. 15, 2006 Air Canada had announced that its contract to operate its Jazz Airline service out of the REGCO terminal at the airport had been terminated. On Feb. 27, 2006 REGCO was able to evict Air Canada Jazz from the publicly-owned airport. Air Canada took the case to court, but lost an Ontario Superior Court ruling. REGCO's fully-owned subsidiary 'City Centre Aviation' (now Porter FBO) then commenced renovations of the terminal building to serve Porter Airlines, which started flights in October 2006. Porter FBO continues to operate the terminal today, along with fuel and other services.
External links
- Restrictive runway: Does anyone know whether Q400s can take off from the island airport? Lorinc, John. Eye Weekly, 24 October 2005.
- ctv.ca: Regco orders planes
- Bombardier Aerospace [http://www.bombardier.com/index.jsp?id=3_0&lang=en&file=/en/3_0/pressreleaselist.jsp%3Fgroup%3D3_0%26lan%3Den%26action%3Dview%~EdgeStone Capital Partners~:
- http://www.edgestone.com
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