Fast Air

What Fast Air does

Fast Air is a Canadian integrated private aviation services provider founded in 1995 and headquartered at Winnipeg Richardson International Airport (CYWG). The company operates across five interlocking service lines: private aircraft charter (turboprop and business jet), Fixed Base Operator (FBO) services at three Canadian airports, aircraft management, Transport Canada-certified maintenance and avionics (authorized Garmin dealer and King Air Mod Center), and medevac/critical care transport through its Vanguard Air Care subsidiary. Its fleet of 20+ aircraft spans King Air 200/350 turboprops, Citation X and CJ3 light/midsize jets, Gulfstream G150/G280, and a managed Challenger 350, serving corporate flight departments, resource industry operators, hospitality/tourism partners, government medevac needs in Manitoba, and individual executive travellers.

The underlying technology stack combines modern avionics (Garmin G1000 glass cockpits, Raisbeck performance modifications, HALO© up-gross kits) with integrated ground operations. Winnipeg headquarters includes over 100,000 sq ft of heated hangar space and 250,000 sq ft of ramp, and a 25,000 sq ft maintenance hangar was added in 2024. The company is one of only 43 Air Elite FBOs worldwide and operates carbon-neutral charter flights through a partnership with World Kinect Energy Services and Carbonzero. Digital channels include an Instant Quote tool on flyfastair.com and toll-free booking via flight coordinators, supported by a multi-base distribution footprint spanning Winnipeg, Abbotsford, Red Lake, Toronto (Billy Bishop), and an operations presence reaching into the Canadian North and the U.S.

Fast Air generates revenue through five transaction- and service-based streams: per-flight charter fees, FBO fueling and ground handling charges, managed services fees for aircraft owners, professional services revenue from MRO work, and medevac flight fees. Pricing is predominantly quote-based, with empty legs priced in Canadian dollars plus GST (e.g., Citation CJ3 Vancouver–Phoenix at $9,000 + GST; Citation X Saskatoon–Palm Springs at $18,200 + GST), a 3.5% payment processing fee, and revenue diversification across charter, FBO, management, MRO, and medevac segments. The company is founder-owned and led by Dylan Fast as President and CEO, has no disclosed external institutional investment, and has grown organically since 1995 into one of Canada's largest charter operators of turboprop and business jet aircraft.

Name

Fast Air

Legal name

Fast Air Ltd.

Website

https://flyfastair.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

51–100 employees

Short description

Fast Air is a Canadian integrated private aviation services provider offering aircraft charter, FBO operations, aircraft management, certified maintenance, and medevac transport across Western Canada, with a fleet of 20+ turboprop and business jet aircraft.

Ownership category

akta.pro rank

Product category

Private Aviation Services

NAICS

Other Nonscheduled Air Transportation (481219), Support Activities for Air Transportation (4881), Nonscheduled Air Transportation (48121)

SIC

Air Transportation, Nonscheduled (4522), Airports, Flying Fields & Airport Terminal Services (4581)

akta.pro primary industry

Business Jet Charter (On-Demand) (THABAFAA)

Keywords

• Private aviation charter
• Aircraft management services
• Fixed base operator
• Aircraft maintenance avionics
• Medevac air ambulance

Headquarters

HQ city

Winnipeg

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Private Aircraft Charter: On-demand private charter flights using turboprop and jet aircraft. Revenue generated per flight based on aircraft type, distance, and service requirements. Includes empty leg repositioning flights at discounted rates.
2. FBO Services: Fixed Base Operator services including jet fueling (Jet A, Avgas), ground handling, GPU services, hangar space, ramp parking, customs coordination, passenger lounges, and concierge services. Revenue from fuel sales, landing fees, and service charges.
3. Aircraft Management: Comprehensive aircraft ownership management including crew staffing, maintenance coordination, regulatory compliance, hangar space, and operational support. Owners can generate revenue through charter program when aircraft is not in personal use.
4. Aircraft Maintenance & Avionics: Transport Canada certified AMO providing maintenance, repair, and overhaul services for Gulfstream, Hawker, Challenger, King Air, Westwind, Piper, Cessna aircraft, and Bell 206 helicopters. Also authorized Garmin dealer and King Air Mod Center.
5. Medevac Services: Critical care medical transport through Vanguard Air Care division, providing rapid-response medical flights across Manitoba and beyond.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Fast Air is a Canadian private aviation services provider operating a fleet of 20+ turboprop and business jet aircraft for on-demand charter flights across Canada and beyond. The company also delivers full-service Fixed Base Operator (FBO) facilities at three airports, comprehensive aircraft ownership management, Transport Canada–certified aircraft maintenance and avionics, and rapid-response medevac/critical care transport through its Vanguard Air Care division.

Product overview

Fast Air is a Canadian private aviation services provider offering an integrated portfolio of aviation solutions across Western Canada. The core offering spans private aircraft charter (operated from bases in Winnipeg and Abbotsford using a fleet of turboprops including King Air B200 and King Air 350 variants, and business jets including the Gulfstream G280, Citation X, Citation CJ3, and Gulfstream G150), Fixed Base Operator (FBO) services at three locations in Winnipeg (CYWG), Abbotsford (CYXX), and Red Lake (CYRL), aircraft management for owners (covering Gulfstream, Challenger, Citation, and King Air types), aircraft maintenance and avionics (Transport Canada-certified AMO with Garmin dealer status), and medevac transport via the Vanguard Air Care division. An online Instant Quote tool enables self-service trip estimates for the charter fleet. Founded in 1995 and headquartered at Winnipeg Richardson International Airport, Fast Air serves clients throughout Western Canada and beyond.

Differentiator

Problem solved

Functional benefit

Brands

• Vanguard Air Care: Fast Air's dedicated medevac division operating from Winnipeg, specializing in rapid-response medical flights and critical care air transport across Manitoba and beyond.

Products and services

• Private Aircraft Charter On-demand private charter flights operated from bases in Winnipeg and Abbotsford using a fleet of 20+ turboprops (King Air 200/350) and business jets (Gulfstream G280, Citation X, Citation CJ3, Gulfstream G150, Challenger 350). Services target business travellers, executives, and resource operators requiring flexible scheduling, regional airport access, and 24/7 trip coordination.
• Aircraft Management End-to-end aircraft ownership management for private owners of Gulfstream, Challenger, Citation, and King Air aircraft. Covers crew staffing, maintenance coordination, regulatory compliance with Transport Canada, hangar space, and charter revenue generation when the aircraft is not in personal use.
• FBO Services (Fast Air Jet Centre) Fixed Base Operator services at three locations — Winnipeg (CYWG), Abbotsford (CYXX), and Red Lake (CYRL) — offering 24/7 jet fueling (Jet A, Avgas), ground handling, GPU, hangar space, ramp parking, customs coordination, passenger lounges, and concierge services. Awarded WINGS Magazine Best FBO in Canada 2022 and 2023; one of only 43 Air Elite FBOs worldwide.
• Aircraft Maintenance & Avionics Transport Canada certified Aircraft Maintenance Organization (AMO) providing maintenance, repair, and overhaul services for Gulfstream, Hawker, Challenger, King Air, Westwind, Piper, Cessna aircraft, and Bell 206 helicopters. Authorized Garmin dealer and King Air Mod Center offering Garmin G1000 retrofit and HALO© up-gross kit installation.
• Medevac & Critical Care Transport (Vanguard Air Care) Dedicated medevac division operating from Winnipeg, providing rapid-response medical flights and critical care air transport across Manitoba and beyond. Wholly-owned subsidiary of Fast Air serving healthcare authorities, communities, and provincial health systems.

Quantifiable outcome

• 100% carbon offset for all Fast Air-operated charter flights through World Kinect Energy Services and Carbonzero partnership
• +1 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators6 records

Recent moves14 records

Expansion highlights6 records

Direct peers

• Skyservice Business Aviation: Canadian integrated business aviation operator offering charter, FBO, aircraft management, and MRO across multiple bases (Calgary, Montreal, Toronto, Ottawa). Highly comparable to Fast Air's vertically integrated model and Canadian-focused geographic footprint.
• Execaire Aviation: One of Canada's largest business aviation companies providing charter, aircraft management, FBO, and maintenance services with bases in Montreal, Toronto, and Ottawa. Closest direct competitor to Fast Air in the integrated Canadian private aviation space.
• Chartright Air: Canadian private aviation company offering aircraft management, charter, and FBO services from bases in Toronto, Hamilton, and other Canadian cities. Direct competitor with similar integrated offering to corporate and HNW clients.
• AirSprint Private Aviation: Calgary-headquartered private aviation operator offering fractional jet ownership and charter across Canada. Comparable Canadian private aviation brand competing for the same executive and resource-industry customer base as Fast Air.
• Sunwest Aviation: Calgary-based charter, aircraft management, and FBO operator serving Western Canada. Overlaps directly with Fast Air's Calgary/Alberta corridor and Western Canada corporate travel demand.
• Northern Air: Canadian charter operator focused on northern and remote operations including medevac. Comparable to Fast Air's resource-industry and remote-community customer base as well as its medevac capability via Vanguard Air Care.

Broad incumbents

• Signature Flight Support: World's largest FBO network with locations across North America including Canada. Competes with Fast Air Jet Centre on fueling, ground handling, and amenities; broader incumbent offering the same FBO services at scale.
• Million Air: Global FBO franchise network providing fueling, hangar, and concierge services. Competes with Fast Air on FBO services and the Air Elite program (Million Air operates a competing premium FBO network).
• NetJets: Largest private aviation company globally, offering fractional ownership and jet cards. Competes with Fast Air for executive/private aviation customers; a major incumbent whose scale advantages could constrain on-demand charter share.
• TAG Aviation: International business aviation operator offering charter, aircraft management, FBO, and maintenance across Europe, Asia, and the Americas. Comparable integrated model at a much broader international scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/MyFastAir
• Facebookfacebook.com/FlyFastAir
• LinkedInlinkedin.com/company/fast-air-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fast Air