Iqaluit travellers may soon have a new and cheaper way to get to Ottawa and Halifax.

A new air transportation service, Fly Sarvaq, announced Thursday night it will operate flights twice a week between Ottawa and Iqaluit, on Mondays and Fridays. It will also offer flights once a week between Iqaluit and Halifax on Fridays.

Fly Sarvaq is a partnership between Iqaluit-based Sarvaq Logistics and Nolinor Aviation. 

"We identified a need that we saw, and with the model that we have we think we can make it work," said Brian Tattuinee, spokesperson for Fly Sarvaq.

"We are confident that once we launch, Nunavummiut and Maritimers who want a more cost-efficient way to travel will book with us."

The company says its introductory ticket prices will be $499 one way including taxes and fees.  

Nolinor Aviation will operate the flights using a Boeing 737-200 with room for up to 119 passengers.

Tickets are expected to go on sale starting March 1, with flights scheduled to begin on May 6.