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IndustryAboriginalBusiness16TuesdayApril82014BuffaloExpressAIRToll-free1800465-3168salesbuffaloairexpress.comwww.buffaloairexpress.comSuperService-JustthewayyoulikeitSuperService-JustthewayyoulikeitTheNWTsLARGESTcouriercompany.Overnightdoor-to-doorservice.Yellowknife-867873-2084HayRiver-867874-3307Edmonton-780455-9283ByJACKDANYLCHUKAyearafterNunasiCorp.tooktherststepstowardrestructuringbycuttinglooseunprotablesubsid-iariesandmovingitshead-quartersoutofYellowknifetheInuitbirthrightcorpora-tionmadeonemoremovelastweek.InajointannouncementwiththeInuvialuitDevel-opmentCorp.IDCNunasiannouncedlastweekthatithadsoldits50percentin-terestinNorTerratoIDCforanundisclosedsumputtingpaidtoaninvestmentthatinrecentyearswasasourceofnancialpain.NorTerradoesnotissueaseparatenancialstatementbuttheInuvialuitRegionalCorp.IRCannualreportfor2012-themostrecentavailable-showsthatNor-Terrapostedalossof7.2millionin2011andturnedaprotof3.1millionin2012.Itsaccumulatedde-citdroppedto8.5millionfrom12.7milliontheyearprevious.FinancialreturnspostedonNunasishomepageshowNunasiCorp.capsyearofrestructuringwithsaleofNorTerrainteresttoInuvialuitpartnersthecompanylost10.6mil-lionin20105.6millionin2011andshowedaprotof4.3millionin2012whiletheIRClost18.4millionin2011andshowedaprotof17.5millionin2012.WilfWilcoxformerchairmanofNunasiandNorTerrasaiditwasthedemandforcashtopropupNorTerrasubsidiariesCa-nadianNorthandNorthernTransportationCompanyLtd.thatprovidedpartoftheimpetustorestruc-tureNunasibeforeits40thanniversary.AneedtomakeNunasimoreresponsivetothecompet-inginterestsofthreeregionaldevelopmentcorporationsformedafterterritorialdivi-sionin1993alsocameintoplayWilcoxsaid.CanadianNorthcompeteswithQikiqtaniFirstAvia-tionandSakkuFirstAvia-tiontwojoint-ventureenti-tiessetupbetweenregionalInuitdevelopmentcorpo-rationsandtheMakivik-ownedFirstAir.Nunasibeganrestruc-turinginearly2013withthesaleofSecureCheckwhichspecializedinsafetysecurityandscreeningsup-portforremoteprojectsandNunavutInsurance.TheGenesisGroupAcademyofLearningandFrobuildanIqaluithardwareventurewereshuttered.LastAugustNunasicloseditscorporateofceinYellow-knifemovingitsnanceandoperationstoOttawaandseniormanagementpositionsandcom-municationsofcertoIqaluit.NunasiandIDCtogetherareshareholdersoftwoothercompaniestheNationalAb-originalServicesCompanyandPanArcticInuitLogistics.NunasiCorp.hasannouncedthesaleofits50percentstakeinNorTerrawhichownshalfoftheairlineCanadianNorthtotheInuvialuitRegionalCorp.PhotoRussavia