Effective September 10 – it’s charter flights only

CanJet Airlines, a division of I.M.P. Group Ltd. announced this morning that it will discontinue scheduled air services at the end of business September 10.

Ken Rowe, I.M.P. Chairman and CEO, said, “with the rising business risks of operating a scheduled airline, I.M.P. has decided to suspend year-round scheduled airline service and focus on their increasing charter business.”

CanJet will be offering alternate travel arrangements to passengers booked on their flights after September 10th, or fully refunding their tickets.

Some affected employees will be offered positions in I.M.P.’s general aviation, aerospace or other business units.

CanJet Airlines began operations with the intention of providing low cost domestic air travel along with flights to New York and Florida. High fuel costs, increases to airport fees and heightened competition on their primary routes have proved too much for the carrier. Four years after they began flying, they have been forced to suspend all scheduled service.

The airline says it will continue to operate charter flights and will have aircraft available for ad hoc charter service.

CanJet Airlines is a division of I.M.P. Group Limited, a privately-owned diversified group of companies headquartered in Halifax, Nova Scotia, with extensive interests in aerospace, aviation, manufacturing, healthcare, industrial marine products, and hotels.

I.M.P. Group was honoured as one of the “Top 50 Best Managed Companies in Canada” in 2003, 2004, and 2005.

For information on sales and reservations contact

Reservations Sales Centre at 1-800-809-7777.

Additional information will also be posted on a FAQ page on the Canjet website www.canjet.ca