03:52 PM EST - Aeroquest International Inc. : announced that Aeroquest and Spectrem Air Ltd. have agreed to terminate the Letter of Intent relating to the long term outsourcing arrangement of Spectrem assets. The Letter of Intent was entered into on September 24, 2008 and disclosed in a press release on the same day. As a consequence of the termination of this Letter of Intent, Aeroquest will also no longer be obliged to invest $10 to $12 million in new capital equipment related to this transaction over the next two years. Aeroquest International Inc.
shares T.AQL are trading down $0.05 at $0.40.
