The Globe and Mail reports in its Saturday edition that Exchange Income is set to acquire Canadian North airline for $205-million, providing support to the struggling carrier and enhancing its portfolio of regional airlines. The Globe's Eric Atkins writes that if approved, this deal will give Exchange Income additional routes and aircraft to support its northern aviation operations, which face high costs and a sparse customer base. Exchange Income chief executive officer Michael Pyle say, "The routes flown by Canadian North are highly complementary to our existing routes, as there's essentially no overlap." The deal, announced Monday, is subject to approvals by the Competition Bureau and Transport Canada. The companies said they expect approvals to be granted this year. University of Manitoba transportation professor Barry Prentice says Exchange Income is buying a struggling airline that faces high costs, harsh operating conditions and a small population. He adds: "I think they were in bad shape. It's a really tough business. It's even tougher when you've got thin markets." Exchange Income is an experienced aviation company operating in remote areas, known for its skilled managers who can revive Canadian North.