• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Northern Lights Airlines Ltd. A Joint Venture of ICBS Limited (50% Owned) Opens Negotiations for 60 Million Dollar Route to Brazil.

Posted on: Wednesday, 5 December 2007, 12:00 CST

NEW YORK and MONTREAL, Dec. 5 /PRNewswire-FirstCall/ -- Northern Lights Airlines Ltd. a start up charter airline 50% owned by ICBS Limited (PINKSHEETS: ICBM), today announced that they have opened negotiations for a Brazilian route, for both passenger and freight service. Flights will originate from points in Canada and the U.S.. The passenger and freight revenue from this negotiation could lead to over $60 million dollars in revenue for Northern Lights Airlines Ltd.

"We want to be a charter airline company that serves the most desirable tourism markets in the world," said company President & CEO Peter Papadatos, speaking from corporate headquarters in Montreal Monday.

Due to the sensitivity of the ongoing negotiations the company has elected not to release certain specifics of the deal, upon the completion of negotiations and executed agreements the company will then release the specifics for public consumption. This status report is to inform requested information regarding the progress of the airline and to keep our shareholders informed.

This news release includes statements that constitute forward-looking statements. Please be aware that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.

INTER CANADIAN BUSINESS SERVICE

CONTACT: Peter Papadatos, President & CEO,http://www.northernlightsairlines.com/; Garth McIntosh, President & CEO, ICBS Ltd.,1-888-932-4402, http://www.icbs.ca/

Source: PRNewswire-FirstCall

More News in this Category