Avmax Aircraft Leasing is a Canadian firm that is the world's largest private owner of de Havilland DHC 8 Series aircraft, as well as ATR42/72, BAe 146, CRJ Series and Corporate CRJs. In addition to their aircraft leasing business, the Avmax Group Inc also own Avmax Aviation Services, Avmax USA and Regional 1 Airlines Western Avionics. The group part-owns R1 Airlines, through a JV with Air Georgian.
Under a share purchase agreement, Sunward Intelligent Equipment will acquire 60% issued/outstanding shares of Avmax during spring 2016 and then three tranches of 13.33% of Avmax in each subsequent year. Sunward will own 100% of Avmax at the conclusion of the transaction in 2019. Avmax and Sunward will continue to operate as independent units, while taking advantage of synergies between the two companies.
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