Jazz Air Income Fund reports 4Q2009 financial results

We have audited the consolidated balance sheets of Jazz Air Income Fund as at December 31, 2009 and 2008 and the consolidated statements of unitholders' equity, income (loss), comprehensive income (loss) and cash flows for the years ended December 31, 2009 and 2008. These consolidated financial statements are the responsibility of the Fund's management. Our responsibility is to express an opinion on these consolidated financial

statements based on our audits.