True North Airways has obtained a Canadian CAR 704 commuter certificate, allowing it to proffer its mid-size and large business jets to the charter market. Parent company Northfield also announced it had established a new subsidiary in Salvador, TNA South, aiming to capitalise on the country’s pro-business policies and bitcoin-friendly economic system.
"With our expanded facilities, diverse fleet, and entry into the El Salvador market, we are well-positioned to meet the needs of clients seeking efficient and flexible air travel. Our recent certification for jet charter operations and our enhanced cargo capabilities make this an exciting time for TNA and our partners," chief executive Iain Hayden said.
True North, which until now was only licensed to commercially operate small aircraft (up to the maximum take-off weight (MTOW) of 5,700 kilogrammes), has a business jet fleet comprising one G100 and one Citation II. It also operates a PC-12, three DHC-2 seaplanes, one Piper PA-28, three Cessna C172Ks, and one Eurocopter AS350.
The Transport Canada database shows that currently only the G100 is certified under CAR 704 commuter certificate, while the other business jet, the Citation II, is only certified under CAR 604 for private operations.
As for the new subsidiary in El Salvador, Northfield said that, in its opinion, the Central American country is becoming an increasingly attractive location for business, mining, and tourism thanks to recent political reforms and an improved security situation. The company also wants to leverage the country's pro-bitcoin policy.
"TNA South has secured 50 acres of land in El Zonte, also known as Bitcoin Beach, a premier tourist destination and financial innovation hub. This strategic location has the potential to serve as an aviation hub and base of operations in El Salvador. TNA South will leverage El Salvador’s progressive digital asset legislation by accepting charter payments in bitcoin, providing Northfield shareholders with exposure to this new asset class," Northfield said.
In 2021, El Salvador was the first country in the world to adopt bitcoin as a legal tender on par with the official currency. However, amid general reluctance to adopt the cryptocurrency in the country and its wild value fluctuations, the country removed its status as a legal tender in January 2025.
Northfield also announced the completion of its new 13,000-square-foot (1,210-square-metre) hangar at Midland Huronia, Canada. It complements its existing facility at Sudbury.