SkyLink expands regional air cargo operations

TORONTO, July 15 /CNW/ - SkyLink Express is pleased to announce that it owns 100% of Cargojet Regional Partnership after acquiring the remaining 55% interest from its partner, Prince Edward Air Ltd. (PEAL), a subsidiary of Cargojet Income Fund (TSX: CJT.UN).

Dan Rocheleau, President of SkyLink Express, says, "This deal with PEAL will make SkyLink Express the largest regional air cargo operator in Canada." Rocheleau adds, "We have a long history in this business and highly qualified management and operations teams, so we are well-positioned to take SkyLink Express through this growth phase and on to greater heights."

Specializing in time-sensitive and cost effective aircraft charter services, SkyLink Express will now operate 21 aircraft daily to locations throughout Canada and the US.

Surjit Babra, CEO of SkyLink Express and Chairman of SkyLink Group, says, "Fifteen years ago, SkyLink identified the potential of this niche market using feeder aircraft under 18,000 lbs. and leveraging SkyLink's cost-effective structure in hub and spoke operations." Babra adds, "This investment is further evidence that we are committed to the Canadian regional air cargo market and continue to believe there are outstanding opportunities for our company. SkyLink has the proven track record to back it up."

The SkyLink Group, in business since 1979 and headquartered in Toronto, Canada, is a successful group of companies also involved in Wholesale Travel, Aircraft Leasing, Airport Security, Software Development and Airline Representation.

SOURCE SKYLINK EXPRESS INC.

For further information: For further information: Dan Rocheleau, President, SkyLink Express Inc., 1-519-257-5900 or drocheleau@skylinkexpress.com

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SKYLINK EXPRESS INC.

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