THUNDER BAY -- Marten Falls First Nation will receive a percentage of revenues as part of a new business agreement with North Star Air.
The announcement of the deal on Wednesday coincided with the addition of Marten Falls to the North Star Air route schedule.
The parties said money generated from the agreement will distribute funds back into the community for future investments in social and economic development.
Marten Falls, with a registered population of about 730 and an on-reserve population of approximately 330, is located on the Albany River about 400 kilometres northeast of Thunder Bay.
It becomes the 11th First Nations community to sign a revenue-sharing agreement with North Star.
The airline, established in 1997, operates out of bases in Thunder Bay, Pickle Lake and Red Lake.
North Star Air was acquired earlier this year by the North West Company, operator of over 200 retail stores in remote parts of northern Canada and elsewhere.
When the purchase was announced, North West said it would spend $14 million immediately on new aircraft and to expand capacity.