Who owns PAL Airlines?
PAL Airlines is owned by Exchange Income (Canada, TSX: EIF), which has owned the brand since 2015.[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Exchange Income Corporation 2025 Annual Report. Last checked .
Key facts
- Current owner
- Exchange Income Corporation reported
- Owned since
- Owner HQ
- 🇨🇦 Canada, Winnipeg
- Origin
- 🇨🇦 Canada, St. John's
- Category
- Travel & transport › Airlines
- Parent ticker
- TSX: EIF
- Last verified
- · 1 sources
About PAL Airlines
PAL Airlines is a regional airline offering scheduled passenger, charter, freight and medical transport services to rural and remote communities in Quebec, New Brunswick, Nova Scotia and Newfoundland and Labrador. Exchange Income Corporation's subsidiary page says the PAL Group was acquired in 2015 and lists St. John's as its headquarters, and the 2025 annual report refers to an Air Canada commercial agreement with PAL Airlines.
Ownership timeline of PAL Airlines
- 2015 – present Exchange Income [1] reported
Where PAL Airlines sits in Exchange Income
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Exchange Income ownership tree →
See the full Exchange Income brand portfolio (6) →
Other brands owned by Exchange Income
Exchange Income controls 6 brands on Brandtree, 6 of them in travel & transport.
Also in travel & transport
Other brands in airlines, and who owns them
The 509 brands in airlines on Brandtree belong to 341 owners. The largest is Lufthansa Group, with 10; Exchange Income has 6.
| Brand | Owner | Owner based in |
|---|---|---|
| Air Dolomiti | Lufthansa Group | 🇩🇪 Germany |
| China Southern Airlines | China Southern Airlines | 🇨🇳 China |
| Air China | Air China | 🇨🇳 China |
| Aer Lingus | IAG | 🇬🇧 United Kingdom |
| LATAM Airlines Brasil | LATAM | 🇨🇱 Chile |
| Air France | Air France-KLM | 🇫🇷 France |
| AirAsia | AirAsia X | 🇲🇾 Malaysia |
| Beibu Gulf Airlines | Hainan Airlines Holding | 🇨🇳 China |
About the owner: Exchange Income
Exchange Income is a publicly listed company headquartered in Winnipeg, Canada. Brandtree records 6 brands under its control, and it is listed as TSX: EIF.
Winnipeg-registered, TSX-listed (symbol EIF) acquisition-oriented corporation with an Aerospace & Aviation segment and a Manufacturing segment. Its 2025 annual report says its Essential Air Services business provides medevac, passenger, charter and freight services to Canada's northern and remote communities under various brand names, and lists Calm Air, Canadian North (from 1 July 2025), Carson Air, Keewatin Air, PAL Airlines and Perimeter Aviation (including Bearskin Airlines) among them. Its helicopter, aerospace, leasing and manufacturing businesses are not airlines and are not listed here.
Exchange Income: full profile, brands and acquisition history →
🇨🇦 PAL Airlines and other Canadian brands
Brandtree records a controlling owner for 174 brands that began in Canada. 41 of them (24%) are now controlled by a company headquartered in another country; PAL Airlines is not one of them.
- Air Canada — Air Canada 🇨🇦
- Air Transat — Transat 🇨🇦
- Algoma Central — Algoma Central 🇨🇦
- BC Ferries — BC Ferries 🇨🇦
- CN — CN 🇨🇦
- CPKC — CPKC 🇨🇦
Frequently asked questions
Who is the parent company of PAL Airlines?
The parent company of PAL Airlines is Exchange Income, a publicly listed company headquartered in Canada.
Is PAL Airlines Canadian?
Yes. PAL Airlines originated in Canada and its owner, Exchange Income, is also headquartered in Canada.
Since when has Exchange Income owned PAL Airlines?
Exchange Income has owned PAL Airlines since 2015.
Is PAL Airlines still owned by Exchange Income?
Yes. As of 4 October 2026, PAL Airlines is still owned by Exchange Income. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Exchange Income Corporation 2025 Annual Report — Exchange Income Corporation, Annual report; retrieved 4 October 2026.
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