Partner Jet Purchases Turbo Prop Jet.TORONTO -- Partner Jet Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:PJT PJT Partners for Just Trade (St. Louis, MO) PJT Practical-Job-Training PJT Pandrol Jackson Technology (railway contractor) PJT Post-Jungian Theory PJT Project File ) is pleased to announce that it has purchased a Cessna Conquest Turbo Prop Jet. The purchase price of the aircraft was US$825,000 and was financed through a loan from GE Capital bearing interest at 5.45%. The loan matures on June 1, 2010 and can be prepaid at any time. The purchase of the aircraft will allow Partner Jet to expand its current Executive Air Service and provide a more complete range of air travel packages to its clients. The Conquest will have the ability to operate into and out of Toronto Island Airport thus providing fast and efficient transportation to Toronto's downtown business core. The addition of a turbo-prop aircraft to Partner Jet's diverse fleet of managed jet equipment will allow service into smaller regional airports that cannot be utilized by larger jet equipment. The aircraft is ideally suited for commuter flights within a 500NM hub of Toronto providing transportation to the North-Eastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , including the Greater New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago and Washington D.C. areas; as well as Montreal, Ottawa, and Northern Ontario Northern Ontario is the part of the province of Ontario which lies north of Lake Huron (including Georgian Bay), the French River and Lake Nipissing. Northern Ontario has a land area of 802,000 km² (310,000 mi²) and constitutes 87% of the land area of Ontario, although it . Additionally the aircraft has the capability of non-stop flights from Toronto to Florida (and destinations within a 1000NM range). Operating at $1,350 an hour the aircraft allows Partner Jet to provide service to a wider group of clients at a lower average cost. The Conquest will be serviced and maintained by Partner Jet Inc's subsidiary PJet Maintenance Ltd (a full service AMO AMO - America's Multimedia Online - Aircraft Maintenance Organization) at the Lester B. Pearson International Airport. Call today for charter quotations or to pre-book annual block flight time packages! The charter department can be reached at: 905-676-0092 x225 or toll free at: 877-PJETINC (877-753-8462) or by email: chartersales@partnerjet.com. For additional information please visit our website at: http://www.partnerjet.com Shares Outstanding: 7,684,376 The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Partner Jet Corp. (TSX VENTURE:PJT) |
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