SkyLink expands regional cargo operations
July 16, 2010, Toronto - SkyLink Express announced Thursday that it now owns 100 per cent of Cargojet Regional Partnership after acquiring the remaining 55 per cent interest from its partner, Prince Edward Air Ltd. (PEAL), a subsidiary of Cargojet Income Fund.
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."