MIAMI — Canadian North and First Air have proposed a ‘merger of equals.’ On Friday, the two parent companies of the airlines sent out a joint news release saying they are in talks about a “merger of equals, subject to the successful conclusion of negotiations and regulatory review.”

According to the parent companies, a merger would ensure and improve the “sustainability” of their operations. The airline is also quick to point out that flights and services of both airlines will not be affected while they work out a possible deal.

Both airlines fly to smaller communities in the Northwest Territories and Nunavut.

Canadian North has served Canada for more than 80 years. The airline currently offers scheduled flights to 19 destinations in the Northwest Territories and Nunavut, via the southern gateways of Edmonton and Ottawa. Additionally, it offers chatter service. The carriers roots incorporate Canadian Airlines, Pacific Western Airlines, Transair, and Nordair. The airline is a subsidiary of NorTerra Inc., which is owned by the Inuvialuit Development Corporation.

First Air offers scheduled, cargo and charter services in Canada. In a biography, the airline says it offers services “to more northern destinations than any other airline.” The airline has been flying passengers in the north for more than 65 years. The airline has a fleet of 23 aircraft, including the only two civilian owned and operated Hercules cargo aircraft in Canada. First Air is a wholly-owned subsidiary of Makivik Corporation.