Partner Jet Corp. Announces Aircraft Management and Services Agreements

Partner Jet Corp. (the "Company") (TSX VENTURE:PJT) announces that it has
entered into a comprehensive Services & Support Agreement with Flight Solutions
and Services (FSS) Inc. ("FSS"), an operators' consortium headquartered in
Toronto serving the needs of operators throughout North America. FSS is a full
spectrum aviation services provider supplying technical support, lease
financing, factoring, venture capital support, turnkey audit and consulting
services as well as fuel, training, insurance and flight logistics. FSS
customers include operators, financial institutions and individual aircraft
owners. 


FSS services will augment Partner Jet's existing customer services and support
as well as adding to their technical capabilities to facilitate an increase in
demand for Partner Jet's aviation management, maintenance and support services.


Partner Jet and FSS have likewise entered into a joint services agreement with
Uniform Yankee Juliet Air Inc. ("UYJ"), another well established Toronto based
704 Charter /Management company with offices and hangars at the Toronto
International Airport, which is a current FSS subscriber. Partner Jet and UYJ,
as two independent companies, operate 9 aircraft covering a broad range
including large, mid & small cabin turbofan aircraft and are developing
executive helicopter capability. The coordinated charter market potential of
high quality aircraft from both fleets is significant and will benefit both
companies. Likewise, the combined services and support volumes of the two
companies along with those of other operators and owners presently being served
by FSS's comprehensive array of support capabilities will produce significant
volume-related economies.


Partner Jet's CEO Kevin Heitman, in announcing the new initiatives said: "the
agreement to join the FSS consortium provides Partner Jet with immediate cost
savings and access to services which permit us to rapidly respond to a range of
growth opportunities. Our cost structures have now improved, most goods and
services we need now reflect volume discounts through FSS that make us far more
cost-effective; which translates into savings for our customers, strengthens our
competitive edge and improves the bottom line." 


"With FSS support, Partner Jet now has a network of relationships with operators
like UYJ and others where we can lever off each other's strengths, consolidate
our purchasing power and share capabilities during periods of peak demand. Three
days a week operators like us compete with each other, but four days in the same
week we gain more from cooperating. Going back and forth between these roles is
difficult sometimes; FSS involvement now provides a platform to consolidate our
buying power, and reduce our costs. Lower costs are one area where we all agree
- selective cooperation that gives us a competitive edge over the biggest
management companies, is hard to argue against."


Partner Jet is experiencing significant growth which is expected to continue in
the months ahead. The company is preparing to add a Bombardier 605 large cabin
aircraft to its Aircraft Operating Certificate (AOC) and to extend services and
logistics support to aircraft in the fleets of several third party aircraft
operators. In this regard, PJET Maintenance Ltd., a subsidiary of Partner Jet
Inc., has been supplying technical support for 3 turbo-prop aircraft and 3
additional Jet aircraft from its maintenance facility at the Landmark Hangar in
Toronto. The additional technical support contracts will produce a significant
expansion of the PJET Maintenance Ltd. revenue base supported by FSS-MxAerospace
Inc., the Toronto-based full cycle technical services subsidiary of FSS Inc.


About Partner Jet Corp.

Partner Jet Corp. is a professional domestic and international air carrier and
has been a leading provider of private executive travel for more than a decade.
It enjoys a well-earned reputation for reliability, excellent service standards
and the highest levels of customer satisfaction. The company coordinates a fleet
of nine jet aircraft covering the full range of capabilities required for
personal and corporate travel. It can provide the highest level of secure travel
throughout North America, the Caribbean, Europe and the rest of the world. 


Partner Jet Corp., through its wholly owned subsidiary, PJET Maintenance Ltd.
("PJET") is an Approved Maintenance Organization (AMO) under Transport Canada
regulations. Partner Jet's AMO facility at the Lester B. Pearson International
Airport is operational 24 hours a day and provides AMO services to a wide
variety of jet and turbo prop aircraft. 


Securities regulators encourage companies to disclose forward-looking
information to help investors understand a company's future prospects. This
press release contains statements about our future business and planned
activities. These are "forward-looking" because we have used what we know and
expect today to make a statement about the future. Forward-looking statements
usually include words such as may, intend, plan, expect, anticipate, believe or
other similar words. We believe the expectations reflected in these
forward-looking statements are reasonable. However, actual events and results
could be substantially different because of the risks and uncertainties
associated with our business or events that happen after the date of this press
release. You should not place undue reliance on forward-looking statements. As a
general policy, we do not update forward-looking statements except as required
by securities laws and regulations.


Shares Outstanding: 9,078,774
Partner Jet (TSXV:PJT)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024