This is a new airlines in Canada and the stock is currently at 0.6828. Big jump today only way is up.
They will start flying in August 2018. I bought in at 0.2450
looks good doc a little DD and away I will most likely go.
Canada Jetlines Spreads Its Wings by Announcing Halifax Stanfield International Airport as its Eastern Operational Base
GlobeNewswire•December 5, 2017
VANCOUVER, British Columbia, Dec. 05, 2017 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET.V) (JETMF) (the “Company” or “Jetlines”) is pleased to announce that it intends to offer ultra-low fare service from Halifax Stanfield International Airport (YHZ), when it begins flight operations targeted for Summer 2018.
Stan Gadek, CEO of Jetlines stated, “We are pleased to announce the selection of Halifax Stanfield International Airport as our eastern operations base. Halifax is the leading airport of the Atlantic provinces and we look forward to lowering the cost of air travel to and from Atlantic Canada with our Ultra-Low Fares.” This announcement marks the third airport that Jetlines has agreed to terms with, in addition to Hamilton, ON and Abbotsford, BC, as we continue to implement our strategy of becoming Canada’s first true Ultra-Low Cost Carrier (ULCC).
Bert van der Stege, Chief Commercial Officer, Halifax International Airport Authority stated, “We're delighted that Canada Jetlines has selected Halifax Stanfield as one of their first airports in the country. Experience has shown that the model of low cost and low fare travel stimulates demand and we look forward to offering passengers more travel options between Atlantic Canada, Hamilton, ON and Abbotsford, BC.”
About Canada Jetlines Ltd.
Canada Jetlines is set to become Canada’s first ultra-low cost carrier (ULCC) airline, with plans to operate flights across Canada and provide non-stop service from Canada to the United States, Mexico and the Caribbean. Jetlines is led by a board and management team with extensive experience and expertise in low-cost airlines, start-ups and capital markets. The Company was granted an unprecedented exemption from the Government of Canada that will permit it to conduct domestic air services while having up to 49% foreign voting interests.
Jetlines plans to operate modern Boeing 737-800NG aircraft in a 189 seat, all-coach configuration. Additional services for baggage, seat selection and onboard beverages will be available to customers for an additional charge. Jetlines is planning to begin ticket sales through its website www.jetlines.ca in Spring 2018 and targeting start of flight operations for Summer 2018, subject to government approval.
Canada Jetlines is part of the King & Bay group of companies. King & Bay is a merchant bank that specializes in identifying, funding, developing and supporting growth opportunities in the resource, aviation, and technology sectors.
For more information, please contact: The Howard Group Inc. Tel: (403) 221-0915 Toll Free: 1-888-221-0915 Jeff Walker: email@example.com
VANCOUVER, British Columbia, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Jetlines Ltd. (JET.V) (JETMF) (the “Company” or “Jetlines”) is pleased to announce the appointments of Captain Vic Charlebois as Vice President Flight Operations and Phil Larsen as Vice President Maintenance effective immediately. Mr. Charlebois and Mr. Larsen will report directly to CEO, Stan Gadek.
Having built an aviation career including nearly twenty years with the Canadian Forces, as well as serving as VP Flight Operations for First Air, Zoom Airlines and Canada 3000, Mr. Charlebois will have responsibility for all pilot, flight attendant, flight dispatch, systems operations control and training functions throughout the airline.
Stan Gadek said, “Vic is truly a pilot’s pilot. He is highly experienced with multiple type ratings in large transport category aircraft such as the Boeing 757/767 and Airbus A320/330, as well as numerous military large piston, turbine and turbojet aircraft. I am delighted to have Vic leading our flight operations department.”
Vic commented, “I am eager to join the Jetlines team and help build the next celebrated airline of Canada. This is a significant honour and I look forward to working with our Transport Canada Certification Team and building a safe, compliant flight operations department that will be a core asset to Canada Jetlines’ success.”
Gadek continued, “Phil Larsen is another exceptional example of aviation leadership. With over twenty years’ experience in senior roles in maintenance, engineering and technical services, at Canadian Airlines International, Air Canada, and CHC Global Operations Group, Phil is the ideal person for this role. I am privileged to have him lead our technical operations as we continue to bring Jetlines to operational status.”
Phil stated, “I look forward to working with a great team and being part of launching Canada Jetlines, a true ULCC airline in Canada as a safe, affordable new service.”
Gadek went on to say, “I am excited and proud that Vic and Phil are coming on board. I know that with their leadership we will build an organization that people will want to be a part of and our customers will want to fly.”
Jetlines has granted a combined total of 450,000 stock options to Mr. Charlebois and Mr. Larsen. The stock options have been issued for a five-year term, with one quarter vesting every six months from the date of grant.
VANCOUVER, British Columbia, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET.V) (JETMF) (the “Company” or “Jetlines”) is pleased to announce the appointment of Tony Lefebvre as an independent director, effective February 5, 2018. Mr. Lefebvre brings over 27 years of executive experience, including eight years with Spirit Airlines, a leading ultra low-cost carrier based in the United States.
“Mr. Lefebvre is a welcome addition to the board,” stated Mark Morabito, Executive Chairman of Canada Jetlines. “His extensive experience in the ultra-low cost airline industry will be invaluable to the company as we commence and grow operations.”
Tony held progressively senior executive positions with Spirit Airlines, most notably Chief Operating Officer. He was responsible for Spirit Airlines operating functions including: flight operations, maintenance, inflight, airport operations, systems operations control, safety and security. Tony was part of the senior management team that successfully publicly listed the company on the NASDAQ and lead cost cutting initiatives resulting in a sustained sub $0.06 CASM (Cost Per Available Seat Mile). Prior to working with Spirit Airlines, Tony worked with US Airways for 15 years as a Managing Director. In this role he led US Airways’ European operations across 16 countries, covering sales and marketing, 28 airport operations, call centres sales and customer support, finance and alliance management.
Tony is currently President and Chief Operating Officer at BBA Aviation. He is responsible for BBA’s Global Engine Services and Signature MRO businesses, providing flight support services to business aircraft owners, government and commercial aviation customers.
Tony holds a Bachelor of Science in Business Administration and Marketing from the University of Maryland.
The Company has also appointed Warren Kinsella and Tayfun Eldem to its Advisory Board.
Warren Kinsella is the president of Daisy Group. Previously, he was a partner at the law firm of McMillan Binch, in its Public Policy Group, and has also worked as a consultant, journalist, and political Chief of Staff in Canada. Mr. Kinsella has considerable experience representing the airline industry. For a number of years, he was United Airlines’ chief consultant in Canada. In addition, Mr. Kinsella was the chief government and public relations advisor to the Toronto Port Authority during the period when Porter Airlines was taking off. Mr. Kinsella received a Bachelor of Journalism (Honours) from Carleton University and his law degree from the University of Calgary; he has also completed executive education courses at Harvard’s law school and its school of business.
Tayfun Eldem is a seasoned business executive located in Montreal, Quebec. He has held senior roles with several large multinational organizations. Mr. Eldem has significant experience in operations management, business development, capital markets, government relations, project management and technical marketing. Mr. Eldem was recently reappointed as the Chief Executive Officer of Toronto Stock Exchange listed Alderon Iron Ore Corp. Previously, Mr. Eldem was Managing Director and Associate at Hatch Ltd., leading Hatch’s business development, client engagement and project delivery functions in Eastern North America as well as overseeing the business globally for the iron ore and coal commodities. He previously worked for the Iron Ore Company of Canada, a Rio Tinto subsidiary, for more than 20 years. During this period, Mr. Eldem held many senior roles including Vice President, Expansion Projects & Engineering and COO. Mr. Eldem is a professional engineer who graduated from Dalhousie University.
Jetlines has granted a total of 225,000 stock options to Mr. Lefebvre in his role as a director. The stock options have been issued for a five-year term, with one quarter vesting every six months from the date of grant.
Jetlines also announces the resignation of Mr. Mark Lotz from the Board of Directors and would like to thank him for his significant contribution to the Company’s development to date.
Canada Jetlines Provides Corporate Update
GlobeNewswire•March 13, 2018
VANCOUVER, British Columbia, March 13, 2018 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET.V) (JETMF) (the “Company” or “Jetlines”) is pleased to provide an update on certain recent corporate developments related to financing, the regulatory process, aircraft acquisition, personnel additions and launch timeline. Jetlines has been diligently pursuing a number of initiatives required for the start-up of operations as an ultra-low-cost carrier. Over the last year since Jetlines commenced trading on the TSX Venture Exchange, it has accomplished the following:
•Appointment of Mr. Stan Gadek as Chief Executive Officer (former CEO of Sun Country Airlines and Senior Vice President Finance, Chief Financial Officer and Treasurer for NYSE listed, AirTran Holdings).
•Jetlines concluded arrangements to offer service from John C. Munro Hamilton International Airport, Abbotsford International Airport and Halifax Stanfield International Airport. More airport agreements are expected to be announced in the second quarter of 2018.
•Jetlines substantially advanced the licensing process with the ongoing preparation of manuals and documentation required for the Air Operator Certificate. Jetlines also hired several of the key executives required by Transport Canada including VP Flight Operations, VP Maintenance and Flight Attendant Manager. Further key personnel announcements are expected early in the second quarter 2018.
•Advanced the financing process by providing detailed materials to interested investors and its investment bankers including definitive route plans, flight schedules, market demand analysis, detailed financial model, balance sheet, level of operations, market study and Canadian airport analysis.
•Jetlines commenced trading on the OTCQB under the stock symbol JETMF. This has provided more access to U.S. investors and allows Jetlines to better utilize the foreign ownership exemption that was received in December 2016, allowing for more access to necessary capital in order to begin commercial operations.
•Jetlines assembled a world class aviation board of directors with experience from some of the world’s best ULCC carriers including Wizz Air, easyJet and Spirit among others.
The key items remaining to commence flight operations are the completion of the licensing process, aircraft acquisition and completion of the financing process. With respect to aircraft acquisition, the current market for leased aircraft has tightened considerably during 2017 and early 2018. The principal reasons are the well documented engine manufacturing issues for the Airbus neo-powered aircraft, the increased demand for the Boeing freighter conversion program for Boeing 737-800s and world-wide traffic demand exceeding projections. All of these factors have led to increased demand and decreased supply of used aircraft available for lease. Jetlines previously secured aircraft under an LOI; however, the lessor was unable to provide a definitive delivery date.
At this stage Jetlines is in advanced negotiations with several major aircraft lessors to secure the aircraft required to support both its start-up and growth plans. However, it will not attain a June 2018 start-up date as previously projected. Once Jetlines has secured definitive aircraft delivery dates, it will provide new guidance to the market on its projected start-up date. It expects to provide an update announcement in the second quarter of 2018. In the interim Jetlines continues to advance its efforts with personnel recruitment, airport agreements, the licensing process and the financing plan.
About Canada Jetlines Ltd.
Canada Jetlines is set to become Canada’s first true ultra-low cost carrier (ULCC) airline, with plans to operate flights across Canada and provide non-stop service from Canada to the United States, Mexico and the Caribbean. Jetlines is led by a board and management team with extensive experience and expertise in low-cost airlines, start-ups and capital markets. The Company was granted an unprecedented exemption from the Government of Canada that will permit it to conduct domestic air services while having up to 49% foreign voting interests.