NewAir and Tours - CTA Approval



    CALGARY, Aug. 20 /CNW/ - With great pleasure we announce today that
NewAir and Tours has received tentative licensing approval on its application
to the Canadian Transportation Agency (CTA).
    Final licensing approval is pending insurance documentation and Transport
Canada approval.
    "This milestone event was achieved through the tireless efforts of our
entire team. I would also like to thank the CTA for their professionalism,
helpful commentary and guidance throughout the process. Canadians can be proud
and comforted that air travel in our country is well scrutinized and the
licensing process well documented," said Tim Morgan, President and CEO of
NewAir and Tours.
    "Our investors have shown tremendous patience and confidence in our team
and in our plan. Today's announcement is proof that their confidence is well
placed," offered Mr. Morgan.
    With today's announcement, the NewAir team can now focus on the
finalization of the licensing agreement, concentrating on Transport Canada's
approval.




For further information:

For further information: Dean McKenzie, Vice President, Communications
and Culture, NewAir and Tours, Mobile: (403) 701-8066,
dean.mckenzie@naatgroup.com

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NEWAIR AND TOURS

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