News
Gibralt Capital Corporation Completes Acquisition

Toronto,Ont.,  Oct. 19, 2007 – Skyservice Airlines Inc. announced today that Gibralt Capital Corporation has completed the acquisition of a majority interest in the Skyservice charter airline business, as announced August 27, 2007.

Skyservice’s senior leadership team, comprising Russ Payson, CEO, Rob Giguere, President and COO and Jackie Smalec, CFO, will continue in their current roles. No changes to the company’s current operations and workforce are planned.

“The consolidation of ownership under Gibralt marks the start of a new era for our company,” said Rob Giguere. “With a solid and profitable business foundation, a strong management team and a professional and dedicated workforce, we believe that Skyservice is perfectly positioned to capitalize on its numerous opportunities for profitable growth, as well as expanded opportunities for the Skyservice team.”

The Skyservice Business Aviation Group, which specializes in corporate aircraft management and sales, business jet charter services, fixed base operations and an international air ambulance service, was not included in the sale to Gibralt. These operations will continue to be owned and operated by Skyservice Investments Inc.