On April 1, 2014, the Inuvialuit Development Corporation (IDC) representing the Inuvialuit of the Inuvialuit Settlement Region bought the 50% share of NorTerra held by Nunasi. This purchase of NorTerra gave the IDC complete control of Canadian North, Northern Transportation Company and other companies that were jointly held. On April 11, 2014, Norterra and the Makivik Corporation, owners of First Air announced that they were in negotiations to merge the two airlines. According to a website set up the same day the new airline would be owned equally between the two companies and "a merger would create a stronger, more sustainable business, provide better service to customers and lead to new economic development opportunities across the North. We believe the two companies would complement each other's strengths." In October 2014, it was announced the merger would not go through, but Canadian North would still codeshare on some flights with First Air until 16 May 2017. On February 23, 2017, the Inuvialuit Development Corporation (IDC) announced that arrangements had been concluded to transfer ownership of Canadian North directly into Inuvialuit Development Corporation.