Lakelse Air Ltd., Lakelse Helicopters Limited Partnership, 1167537 B.C. Ltd. Lakelse Air
FollowActive
- Proceeding
- Receivership (court-appointed)International interests and Mobile Equipment (Aircraft Equipment) Act, S.C. 2005, c.3
- File
- VLC-S-S-209719
Filings held12
Last activity30 Oct 2020
On the record2,308 days
Secured debt$17.4M
OverviewSummary updated
Lakelse Air Ltd. has been in court-appointed receivership in the Supreme Court of British Columbia since May 27, 2020, when Canadian Western Bank obtained the appointment of MNP Ltd. as receiver under s. 243 of the BIA, in a proceeding also styled against Lakelse Helicopters Limited Partnership and 1167537 B.C. Ltd. (file VLC-S-S-209719). CWB's security is under the Personal Property Security Act (BC) and the International Interests in Mobile Equipment (Aircraft Equipment) Act. The receiver's Form 87 statement puts CWB's secured claim at $17,411,347.07, Bear Creek Contracting Ltd. at $2,500,000.00 and Ford Credit Canada Limited at a $1.00 placeholder, with Schedule "A" unsecured claims totalling $570,042.45; every property line, including a fleet of 10 helicopters, parts inventory, receivables and the Dease Lake property, is stated as to be determined. A sale was approved on October 23, 2020.
Proceedings AIAsk this case — answers cite the filings
Case updates13 dated entries
#Sale
The court granted an approval and vesting order for the sale to Airwork Heli Services (Canada) Limited. Closing terms, as extracted: vesting effective upon delivery of the Receiver's Certificate confirming receipt of purchase price and satisfaction/waiver of closing conditions.
#Sale
The court granted an approval and vesting order for the sale to Rotor Link Technical Services Inc. Closing terms, as extracted: Vesting occurs upon receipt of cash purchase price and delivery of Receiver's Certificate.
Source: Approval and Vesting Order - Rotor Link Technical Services Inc.
#Sale
The court granted an approval and vesting order sanctioning a sale of property by the receiver, some five months into the receivership.
#Order
Interim order granted, opening the receivership over certain property of Lakelse Air Ltd. in the Supreme Court of British Columbia and placing MNP Ltd. in as receiver.
#Order
On Canadian Western Bank's application, the court appointed MNP Ltd. receiver over property of Lakelse Air Ltd., CWB relying on PPSA (BC) and Cape Town Statute security.
Source: Letter of Appointment
Parties
Debtor
Lakelse Air Ltd., Lakelse Helicopters Limited Partnership, 1167537 B.C. Ltd. Lakelse Air
Receiver
MNP
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Canadian Western Bank · in 80 casesThe Receiver was appointed by Canadian Western Bank pursuant to security under the Personal Property Security Act (BC) and the International Interests in Mobile Equipment (Aircraft Equipment) Act, SC 2005, c.3 (the Cape Town Statute). — Stated under s.245(1)(d) BIA; no valuation date is tied to the figure. — debtor: Lakelse Air Ltd. | $17.4M | Notice of Statement of Receiver |
| 4 | Secured | Bear Creek Contracting Ltd.Listed as a creditor holding security on the property. — The same party appears on Schedule “A” at $92,448.10 marked Unsecured — recorded in both capacities as the document states them. — debtor: Lakelse Air Ltd. | $2.5M | Notice of Statement of Receiver |
| 4 | Secured | Ford Credit Canada Limited · in 60 casesListed as a creditor holding security on the property. — The stated amount of $1.00 is a placeholder, not a measured balance. — debtor: Lakelse Air Ltd. | $1 | Notice of Statement of Receiver |
| 8 | Unsecured | HELI TECHNIK INC.The largest claim on the schedule. — debtor: Lakelse Air Ltd. | $123K | Notice of Statement of Receiver |
| 8 | Unsecured | AIRBUS HELICOPTERS · in 2 casesdebtor: Lakelse Air Ltd. | $98.4K | Notice of Statement of Receiver |
| 8 | Unsecured | BEAR CREEK CONTRACTING LTD.The same party is listed at p.1 as a creditor holding security, at $2,500,000.00 — the schedule row is stated separately and the two are recorded as the document states them. — debtor: Lakelse Air Ltd. | $92.4K | Notice of Statement of Receiver |
| 8 | Unsecured | NORTHWEST FUELS LIMITED · in 2 casesdebtor: Lakelse Air Ltd. | $29.7K | Notice of Statement of Receiver |
| 8 | Unsecured | MARITIME TRAVEL · in 2 casesdebtor: Lakelse Air Ltd. | $26.7K | Notice of Statement of Receiver |
| 8 | Unsecured | PHP-CANADA INC.debtor: Lakelse Air Ltd. | $19.8K | Notice of Statement of Receiver |
| 8 | Unsecured | ALPINE AEROTECH LTDdebtor: Lakelse Air Ltd. | $18K | Notice of Statement of Receiver |
| 8 | Unsecured | PRECISION FUEL COMPONENTSdebtor: Lakelse Air Ltd. | $17.9K | Notice of Statement of Receiver |
| 8 | Unsecured | BELL 2 LODGEdebtor: Lakelse Air Ltd. | $11.7K | Notice of Statement of Receiver |
| 8 | Unsecured | SKYE AVIONICS LTDdebtor: Lakelse Air Ltd. | $10.2K | Notice of Statement of Receiver |
| 8 | Unsecured | 343862 B.C. LTDdebtor: Lakelse Air Ltd. | $10K | Notice of Statement of Receiver |
| 8 | Unsecured | INTERMOUNTAIN TURBINE SERVICES, INC.debtor: Lakelse Air Ltd. | $9.63K | Notice of Statement of Receiver |
| 8 | Unsecured | STANDARD AERO · in 2 casesdebtor: Lakelse Air Ltd. | $7.54K | Notice of Statement of Receiver |
| 8 | Unsecured | EXECUTIVE FLIGHT CENTRE FUEL SERVICES LTDdebtor: Lakelse Air Ltd. | $6.6K | Notice of Statement of Receiver |
| 8 | Unsecured | SKYTRACdebtor: Lakelse Air Ltd. | $6.5K | Notice of Statement of Receiver |
| 8 | Unsecured | PETROCAN SUPERPASSdebtor: Lakelse Air Ltd. | $5.86K | Notice of Statement of Receiver |
| 8 | Unsecured | AV-BASE SYSTEMS INC.debtor: Lakelse Air Ltd. | $5.77K | Notice of Statement of Receiver |
| 8 | Unsecured | 3FB LTD.debtor: Lakelse Air Ltd. | $5.75K | Notice of Statement of Receiver |
| 8 | Unsecured | KEDA PROPANEdebtor: Lakelse Air Ltd. | $5.24K | Notice of Statement of Receiver |
| 8 | Unsecured | AVIALL INC. · in 2 casesdebtor: Lakelse Air Ltd. | $4.44K | Notice of Statement of Receiver |
| 8 | Unsecured | DELOITTE LLP · in 30 casesdebtor: Lakelse Air Ltd. | $4.31K | Notice of Statement of Receiver |
| 8 | Unsecured | CANADIAN TIRE · in 15 casesdebtor: Lakelse Air Ltd. | $3.71K | Notice of Statement of Receiver |
| 8 | Unsecured | KERMODEI TOURISMdebtor: Lakelse Air Ltd. | $3.67K | Notice of Statement of Receiver |
| 8 | Unsecured | NAV CANADA · in 8 casesdebtor: Lakelse Air Ltd. | $3.06K | Notice of Statement of Receiver |
| 8 | Unsecured | COBHAM AEROSPACE COMMUNICATIONSdebtor: Lakelse Air Ltd. | $2.58K | Notice of Statement of Receiver |
| 8 | Unsecured | PUROLATOR INC. · in 99 casesdebtor: Lakelse Air Ltd. | $2.54K | Notice of Statement of Receiver |
| 8 | Unsecured | YELLOWHEAD HELICOPTERS LTD. · in 2 casesdebtor: Lakelse Air Ltd. | $2.24K | Notice of Statement of Receiver |
| 8 | Unsecured | LEGROW'S TRAVELdebtor: Lakelse Air Ltd. | $1.89K | Notice of Statement of Receiver |
| 8 | Unsecured | SPARKETTE ELECTRIC INCdebtor: Lakelse Air Ltd. | $1.67K | Notice of Statement of Receiver |
| 8 | Unsecured | ROAD POSTdebtor: Lakelse Air Ltd. | $1.59K | Notice of Statement of Receiver |
| 8 | Unsecured | FEDERAL EXPRESS CANADA LTD · in 19 casesdebtor: Lakelse Air Ltd. | $1.44K | Notice of Statement of Receiver |
| 8 | Unsecured | NORTHWESTEL INC. · in 6 casesdebtor: Lakelse Air Ltd. | $1.4K | Notice of Statement of Receiver |
| 8 | Unsecured | QUANTUM HELICOPTERS LTDdebtor: Lakelse Air Ltd. | $1.4K | Notice of Statement of Receiver |
| 8 | Unsecured | STAPLES · in 40 casesdebtor: Lakelse Air Ltd. | $1.36K | Notice of Statement of Receiver |
| 8 | Unsecured | CITYWEST · in 3 casesdebtor: Lakelse Air Ltd. | $1.3K | Notice of Statement of Receiver |
| 8 | Unsecured | RODAN AIR MAINTENANCE INCdebtor: Lakelse Air Ltd. | $1.29K | Notice of Statement of Receiver |
| 8 | Unsecured | CHOPPER SPOTTER INCdebtor: Lakelse Air Ltd. | $1.21K | Notice of Statement of Receiver |
| 8 | Unsecured | INLAND COMMUNICATION SERVICES LTD.debtor: Lakelse Air Ltd. | $1.21K | Notice of Statement of Receiver |
| 8 | Unsecured | BC SCALE CO. LTDdebtor: Lakelse Air Ltd. | $1.16K | Notice of Statement of Receiver |
| 8 | Unsecured | COLOR COMPASS CORPORATION · in 4 casesdebtor: Lakelse Air Ltd. | $1.01K | Notice of Statement of Receiver |
| 8 | Unsecured | GEIER WASTE SERVICES LTD. · in 2 casesdebtor: Lakelse Air Ltd. | $948 | Notice of Statement of Receiver |
| 8 | Unsecured | SILVERTIP PROMOTIONS & SIGNSdebtor: Lakelse Air Ltd. | $922 | Notice of Statement of Receiver |
| 8 | Unsecured | ELECTRONIC FUTURESdebtor: Lakelse Air Ltd. | $897 | Notice of Statement of Receiver |
| 8 | Unsecured | NAPA AUTO PARTS TERRACEdebtor: Lakelse Air Ltd. | $877 | Notice of Statement of Receiver |
| 8 | Unsecured | JORI INTERNATIONAL LTD. · in 3 casesdebtor: Lakelse Air Ltd. | $776 | Notice of Statement of Receiver |
| 8 | Unsecured | REVENUE SERVICES OF BRITISH COLUMBIA (MSP) · in 6 casesProvincial Crown claim. — debtor: Lakelse Air Ltd. | $722 | Notice of Statement of Receiver |
| 8 | Unsecured | ACKLANDS-GRAINGER INC. · in 16 casesdebtor: Lakelse Air Ltd. | $714 | Notice of Statement of Receiver |
| 8 | Unsecured | IDEAL OFFICE SOLUTIONSdebtor: Lakelse Air Ltd. | $674 | Notice of Statement of Receiver |
| 8 | Unsecured | BC MINISTER OF FINANCE · in 4 casesProvincial Crown claim. — debtor: Lakelse Air Ltd. | $659 | Notice of Statement of Receiver |
| 8 | Unsecured | PACIFIC NORTHERN GAS LTD. · in 6 casesdebtor: Lakelse Air Ltd. | $628 | Notice of Statement of Receiver |
| 8 | Unsecured | STIKINE AIRPORT SOCIETYdebtor: Lakelse Air Ltd. | $583 | Notice of Statement of Receiver |
| 8 | Unsecured | SOLO TRAINING SYSTEMS LTD. · in 3 casesdebtor: Lakelse Air Ltd. | $546 | Notice of Statement of Receiver |
| 8 | Unsecured | DOTS JANITORIAL SERVICES LTDdebtor: Lakelse Air Ltd. | $485 | Notice of Statement of Receiver |
| 8 | Unsecured | PRINCE GEORGE AIRPORT AUTHORITY INC. · in 4 casesdebtor: Lakelse Air Ltd. | $466 | Notice of Statement of Receiver |
| 8 | Unsecured | NORTHWEST REGIONAL AIRPORT · in 2 casesdebtor: Lakelse Air Ltd. | $453 | Notice of Statement of Receiver |
| 8 | Unsecured | CANADA REVENUE AGENCY · in 926 casesCrown claim (deemed-trust class where applicable). — debtor: Lakelse Air Ltd. | $441 | Notice of Statement of Receiver |
| 8 | Unsecured | M & M SUPPLIESdebtor: Lakelse Air Ltd. | $433 | Notice of Statement of Receiver |
| 8 | Unsecured | ST. JOHN AMBULANCE · in 7 casesdebtor: Lakelse Air Ltd. | $405 | Notice of Statement of Receiver |
| 8 | Unsecured | LBEL INC. · in 23 casesdebtor: Lakelse Air Ltd. | $336 | Notice of Statement of Receiver |
| 8 | Unsecured | WESCAN CALIBRATION SERVICES · in 2 casesdebtor: Lakelse Air Ltd. | $317 | Notice of Statement of Receiver |
| 8 | Unsecured | MASTER SWEEPER LTDdebtor: Lakelse Air Ltd. | $305 | Notice of Statement of Receiver |
| 8 | Unsecured | AEROMNI AEROSPACE, INCdebtor: Lakelse Air Ltd. | $294 | Notice of Statement of Receiver |
| 8 | Unsecured | PARAVION TECHNOLOGY INC.debtor: Lakelse Air Ltd. | $270 | Notice of Statement of Receiver |
| 8 | Unsecured | PRAXAIR DISTRIBUTION · in 20 casesdebtor: Lakelse Air Ltd. | $262 | Notice of Statement of Receiver |
| 8 | Unsecured | TELUS COMMUNICATIONS · in 39 casesdebtor: Lakelse Air Ltd. | $244 | Notice of Statement of Receiver |
| 8 | Unsecured | TELUS MOBILITY · in 67 casesdebtor: Lakelse Air Ltd. | $221 | Notice of Statement of Receiver |
| 8 | Unsecured | AIRCRAFT SPRUCE CANADAdebtor: Lakelse Air Ltd. | $199 | Notice of Statement of Receiver |
| 8 | Unsecured | INTERIOR WORKPLACE COMPLIANCE TESTING LTD.debtor: Lakelse Air Ltd. | $185 | Notice of Statement of Receiver |
| 8 | Unsecured | TERRACE TOTEM FORDdebtor: Lakelse Air Ltd. | $179 | Notice of Statement of Receiver |
| 8 | Unsecured | SANDMAN HOTEL GROUP · in 3 casesdebtor: Lakelse Air Ltd. | $176 | Notice of Statement of Receiver |
| 8 | Unsecured | WESTERN PACIFIC METALWORKS LTD.debtor: Lakelse Air Ltd. | $140 | Notice of Statement of Receiver |
| 8 | Unsecured | RUDON HYDRAULICS LTD.debtor: Lakelse Air Ltd. | $129 | Notice of Statement of Receiver |
| 8 | Unsecured | DO YOUR PART RECYCLINGdebtor: Lakelse Air Ltd. | $105 | Notice of Statement of Receiver |
| 8 | Unsecured | KAMLOOPS AIRPORT LTD. · in 2 casesdebtor: Lakelse Air Ltd. | $47 | Notice of Statement of Receiver |
| 8 | Unsecured | REGIONAL DISTRICT OF KITIMAT-STIKINEMunicipal claim. — debtor: Lakelse Air Ltd. | $45 | Notice of Statement of Receiver |
| 8 | Unsecured | INDUSTRY CANADA · in 5 casesFederal Crown claim. — debtor: Lakelse Air Ltd. | $42 | Notice of Statement of Receiver |
| 8 | Unsecured | SHAW DIRECT SATELLITE TVdebtor: Lakelse Air Ltd. | $41 | Notice of Statement of Receiver |
| 8 | Unsecured | NORTH PEACE AIRPORT SERVICESdebtor: Lakelse Air Ltd. | $21 | Notice of Statement of Receiver |
| 8 | Unsecured | CLAIM SECUREThe stated amount of $0.01 is a placeholder-scale figure, as printed. — debtor: Lakelse Air Ltd. | $0 | Notice of Statement of Receiver |
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Sale processPer the transactions
3 transactions · 3 approvedApproval and Vesting Order - Airwork Heli Services · 23 Oct 2020
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Airwork Heli Services (Canada) Limitedthe Respondents' and the Receiver's right, title and interest in and to the Aircraft as defined in the Purchase Agreement · asset sale · agreement 31 Aug 2020 | not statedUpon the Receiver's receipt in full of the cash purchase price from the Purchaser | Approved23 Oct 2020 | Approval and Vesting Order - Airwork Heli… |
| Heli Holdings Limitedthe Aircraft · asset sale · agreement 31 Aug 2020 | not statedPurchase Price referenced as cash purchase price; amount not stated | Approved23 Oct 2020 | Approval and Vesting Order - Heli Holdings… |
| Rotor Link Technical Services Inc.the Aircraft as defined in the Purchase Agreement · asset sale · agreement 30 Aug 2020 | not statedpurchase price for the Aircraft; amount not stated | Approved23 Oct 2020 | Approval and Vesting Order - Rotor Link… |
Closing termsVesting occurs upon receipt of cash purchase price and delivery of Receiver's CertificateApproval and Vesting Order - Rotor Link Technical Services Inc.
Documents
12 filings
| Date | Document | File |
|---|---|---|
Sale Approval & Vesting Order - Magnoleah Helicopters Inc
| ||
Sale Approval & Vesting Order - Pasedena Helicopters Limited
| ||
Sale Approval & Vesting Order - Rotor Link Technical Services Inc
| ||
Sale Approval & Vesting Order Westcan Aircraft Sales & Salvage Ltd.
| ||
Sale Approval Vesting & Order - Heli Holdings Limited
| ||
Approval and Vesting Order - Airwork Heli Services
| ||
Approval and Vesting Order - Heli Holdings Limited
| ||
Approval and Vesting Order - Rotor Link Technical Services Inc.
| ||
Petition to Court re: Vesting Order Application
| ||
| First Affidavit of Derek Cramm re: Vesting Order Application | ||
Notice of Statement of Receiver
| ||
Letter of Appointment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Lakelse Air Ltd., Lakelse Helicopters Limited Partnership, 1167537 B.C. Ltd. Lakelse Air” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/lakelse-air