Avmax Group Inc. Completes Letter of Intent to Reacquire Regional 1 Airlines Ltd.

CALGARY, Canada, March 17, 2015 – Avmax Group Inc. has completed a Letter of Intent (LOI) with a joint venture partner to reacquire 100% ownership of Regional 1 Airlines Ltd. (R1 Airlines). The LOI contemplates moving R1 Airlines, known as a workforce transportation charterer and formally recognized as a subsidiary of Regional Express Aviation Limited [...]