Partner Jet Corp.
TSX VENTURE : PJT

Partner Jet Corp.

October 30, 2006 10:50 ET

Partner Jet Announces New Address and Sale of Airplane

TORONTO, ONTARIO--(CCNMatthews - Oct. 30, 2006) - Partner Jet Corp. (TSX VENTURE:PJT) and its wholly-owned subsidiaries, Partner Jet Inc., and PJet Maintenance Ltd. have moved, effective October 1, 2006 to one centralized location. The new address is 2450 Derry Road East, Hangar #9, Mississauga, Ontario L5S 1B2.

The recently renovated facilities, will house Maintenance, Administration, Accounting, Sales and Dispatch all under one roof allowing new synergies for the company to move forward. The office space consisting of 6867 sq. ft. is brand new. The Hangar consisting of 22,689 sq. ft. has been completely renovated with a total foam suppression system, new heating systems as well as new electrical and plumbing. The hangar is large enough for the expansion of the Company's Maintenance operations. The hangar also has 24 hour surveillance. The hangar is controlled totally by Partner Jet as only our fleet of aircraft will be housed in this area for maintenance and security.

The Cessna Conquest originally purchased by the company in 2005 was sold August 8, 2006 for a profit of $215,000. The net sale proceeds will strengthen the Company's already strong working capital and liquidity position allowing the company to respond to new emerging opportunities.

Shares Outstanding: 8,383,774

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

Contact Information

  • Partner Jet Corp.
    Mr. Lee Heitman
    President
    (905) 676-0092