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News Release

Canadian Transportation Agency Issues Licences to Porter Airlines

OTTAWA - September 26, 2006 - The Canadian Transportation Agency today issued licences to Porter Airlines to operate domestic and non-scheduled international services using medium aircraft.

Following a thorough examination of all information and documentation provided by Porter in support of its licence applications, the Canadian Transportation Agency is satisfied that Porter has met all of the market entry requirements, which include being Canadian owned and controlled. Further information on decisions issued by the Agency can be found at www.cta.gc.ca under the heading "Rulings".

The Canadian Transportation Agency is an independent quasi-judicial tribunal that regulates various modes of transportation under Government of Canada jurisdiction, including air, marine and rail. Among other responsibilities, the Agency oversees the Canadian ownership and control requirements set out in the Canada Transportation Act. It is also the licensing authority for publicly available air services in Canada.

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For further information, please contact:

Jadrino Huot
Senior Communications Adviser
(819) 953-9957

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