Ottawa, Ontario — At the 2025 Canadian Aerospace Summit in Ottawa, the Aerospace Industries Association of Canada (AIAC) named Exchange Income Corporation (EIC, TSX: EIF) President Jake Trainor the recipient of the James C. Floyd Award, which recognizes exceptional contribution to Canada’s aerospace industry. The honour reflects Trainor’s leadership and support for building an integrated Canadian capability that spans airborne special missions, sovereign Arctic mobility, in-country defence manufacturing, mission systems, and the infrastructure that enables them. These capabilities support safety, security, economic and environmental operations across Canada and with global partners, delivered by a collective EIC workforce of more than 8,000 people.
Thank you to AIAC for this honour. It belongs to the more than 8,000 people across EIC who keep aircraft flying, protect coasts, and serve their communities in Canada and with partners abroad every day. Their work powers our next chapter of continuing to build sovereign capacity at home, pairing mission solutions with deep sustainment, and delivering reliable outcomes for Canadians and allies when it matters most.
“Jake Trainor’s leadership embodies the innovation, collaboration and excellence that define Canada’s aerospace industry. AIAC is proud to recognize his leadership , significant contributions and ongoing commitment to strengthening Canada’s world class aerospace and defence industry with the 2025 James C Floyd Award,” said Mike Mueller, President and CEO of AIAC. “On behalf of Canada’s aerospace industry, congratulations to Jake Trainor!”
Appointed President in August 2025, Jake Trainor spent the prior 16 years at EIC member company PAL Aerospace, most recently as CEO of the PAL Group. During his tenure, PAL Aerospace became the Canadian in-service support partner with Airbus for the RCAF’s Fixed-Wing Search and Rescue program to sustain the CC-295 Kingfisher fleet, the team launched and expanded export surveillance programs that include the Netherlands Coastguard, the Dutch Caribbean Coast Guard, and the UK Home Office, while maturing contractor-owned ISR capabilities on the Force Multiplier fleet. Today PAL Aerospace boasts over 350,000 special-mission flight hours and 600+ mission-software installations across 60+ countries. At EIC, Trainor is scaling that operating discipline across a national network: sovereign Arctic mobility; a coast-to-coast-to-coast air-ambulance footprint, recently including Newfoundland and Labrador; Indigenous-led airlift; in-country defence manufacturing and sustainment; and the defence-enabling infrastructure that ties it together. These capabilities support federal and provincial missions, connect remote communities, and deliver daily safety, security, economic, and environmental outcomes in Canada and with allies around the world.
The James C. Floyd Award highlights results built on Canadian expertise in aviation, manufacturing, and mission support. Explore EIC’s portfolio, network, and impact across Canada and with global partners. Learn more at: exchangeincomecorp.ca
About Exchange Income Corporation
Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: aerospace & aviation and manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth. For more information on the Corporation, please visit: www.ExchangeIncomeCorp.ca
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