CANLink Aviation will acquire operating assets of the Moncton Flight College

February 22, 2011

CANLink Aviation Inc. ("CANLink Aviation") and Ernst & Young Inc., acting in its capacity as Receiver (the "Receiver") of the Moncton Flying Club ("MFC") are pleased to announce that an agreement has been reached whereby CANLink Aviation will acquire the operating assets of MFC.  The agreement which is scheduled to close on April 8, 2011 further provides that CANLink Aviation will oversee the flying operations of MFC effective immediately.   Full training activities resumed at the college this morning.

Mike Tilley, President of CANLink Aviation, is pleased that terms could be reached.  “Moncton Flight College has a long history and great reputation in the domestic and international market.  We thank MFC’s corporate customers, individual students and staff for their patience while this restructuring plan was put together over this past week.  We feel that under new private ownership, MFC will be well positioned for future opportunities.”

About Moncton Flight College

The Moncton Flight College has trained pilots from around the world since 1929. During that time MFC has taught over 17,000 pilots from over 60 countries to fly.

www.mfc.nb.ca  

About CANLink Aviation Inc.

CANLink Aviation Inc. is a Canadian based company that trades aviation products and services in growing international markets such as China.  CANLink Aviation has been a partner with Moncton Flight College since 2005 and opened a successful pilot training campus as a franchised business of MFC in Fredericton, New Brunswick in 2007.

www.canlinkaviation.ca

Media Contacts

 CANLink Aviation Inc.

Mike Tilley, President

(506) 647-2821