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The new hire from today has a very interesting background. Lots of big names on his resumé (Caeser's, carnival cruises) .
Still not much interest in this, though, which is evident by the single trade that brought this down to $0.15, but I am hopeful this will have value in the near term.
They've been stringing together some positive news fairly regularly now. Now we wait on them to complete this airline deal and for them to PR it. Approvals are in the horizon as well.
They are making moves. Atlantic city airport agreement and they are looking to build a hanger on some land if they can complete another agreement. I like what they have done since the merger.
https://www.globalairlinesgroup.com/news.html
https://www.jetlines.com/en/news/jetlines-and-global-crossing-airlines-execute-definitive-agreement
Looks like they made a little progress with regards to the previous announcement.
They lost the inharv and smartlynx investments. They are laying off most staff and the CEO and director submitted their resignations. It doesn't seem likely this will ever be an airline. They are hoping the competition bureau makes a decision on swoop and their pricing practices but they will still need more money to fly. They also lost the planes so those were tied to smartlynx.
Seems pretty likely that this is dead, at the very least for 2019. They have gone radio silent and their last update clearly stated that them securing financing was not guaranteed.
Most of the warnings were that this thing would fail but most thought they'd at least get to fly before that happened. Too bad.
They reiterated the first flight date of Dec. 17, 2019 on Twitter a few days ago. Before then, their social media had been dormant since early August. Hopefully this is a sign of confidence and their ducks are in a row with financing and regulatory approvals. At this point, who knows, but they stock needs some good news. There is no volume so this moves down fast.
https://twitter.com/CanadaJetlines/status/1166060977197965318?s=03
It was needed. The title of the report itself scared people if they did not read the content. We are coming up on the next deadline for financing so hopefully we get some good news soon.
That is how I read it and nothing has changed. It certainly has not been received well. This thing really needs some good news soon to get the stock price going back in the right direction.
Anyone have any thoughts on this early warning report related to the smartlynx financing? Seems like nothing has changed but I may be interpreting the release I correctly.
My post at least was about the company and a valid observation. Your post was more of a dead end. I must have touched a nerve with you.
If we can't react to the performance and actions of a company (or lack thereof) then these boards would have no point. Not every post about a company is going to be positive.
This company has been somewhat of a mystery since Park took over. They only have a few press releases and the exact plan for how they plan to use LRDR is not out there yet.
I am anxiously waiting on the news that they can sell tickets and that they have the air operator certificate.
Based on the release it states they have to get further financing by September 1 for these funds to release. Hopefully they get that done and we move on to selling tickets. December is not that far away anymore.
Way to advance the conversation...
Pointing out the fact that they have a bad website and have really not done a good job of communicating is valid. If you have something to share about this company that we don't know about, by all means, feel free to post it.
Website is terrible and does not inspire much confidence in anything. The plan looks like some high school kid put it together. Everything is generically written and doesn't really tell us about what they plan to do. I'm hoping they step up clean up this ticker soon.
I agree. It's been holding steady around $0.33 for a while now waiting for actual good news to move up. But if they change the dates yet again, this thing is going into a black hole. I'm hoping they get approved to sell tickets soon. Launch date is less than 6 months away and they need to put people in those seats.
This thing has required so much patience. I hope the next piece of news is the one that they are allowed to sell tickets. We need some substantial news to make this move. Everyone is still sitting on the sidelines until then.
This could be good. Check out the tweet and Instagram.
2 long years to get to here. I conquered every hurdle they put in front of me sacrifice and hard work $LOFB patiencecbd #stock #otc #teamwork #cannabiscommunity #finance #love #drink #cbd #hemp #flavor https://t.co/RRltH1VasI
— Medicinal Mike (@medicinal_mike) June 25, 2019
The reason they did it makes sense but it is yet another target missed. It seems like everything is always fluid with this company. This announcement comes after the date in which they were to take possession of the first plane. The second plane wasn't supposed to be theirs until sometime in May. They could have timed this better and had this press released out to the public before the supposed receipt of the first plane. At this point, everyone expected to be past this type of stuff.
This is another example of taking a step forward while taking a step back. I wasn't sure what the market reaction would be since I myself didn't know how to feel about the release. It is yet another delay and the way they worded the release it seems like they are leaving themselves room to move that December launch date.
They were teasing having to set up contracts for maintenance on two planes a few weeks ago so that made it seem like the airplane lease was still going forward. Because of that, this cancellation comes as a surprise.
I think the next thing investors want to see is a picture of the planes. From what I read online, the general sentiment is still skepticism about whether or not they are actually making progress towards takeoff in 2019.
A little later than what he said but at least they have followed through on this change.
They could take possession of the first plane as early as this Thursday. They will reconfigure the aircraft so we won't see it with the jetlines logo immediately but I am hoping for a press release stating they have the plane in their hands and that the process has started. Crossing my fingers for something. Otherwise we keep waiting until the reconfiguration is complete. Anyone have an idea based on experience how long that may take?
Terrible to see this thing going backwards on positive news. Can't wait until the actual planes are in their possession. Seems like only this will move this up since they've only released positive updates over the last few months.
Take this for what it's worth but there is this response from medicinal Mike regarding VLNX.
should be $LOFB this week
— Medicinal Mike (@medicinal_mike) February 15, 2019
Back in October Javier stated that all but two of the manuals had been submitted for approval.
"The market will be super stimulated as soon as low fares get into the market," he adds. "Things are going well for us to get the [air operator's certificate] by May 2019."
Jetlines has submitted to regulators 11 of 13 manuals needed to receive that certificate, says Suarez. Those manuals address flight operations, maintenance, training procedures and other topics.
The company will submit the remaining manuals after gaining access to the A320s.
https://www.flightglobal.com/news/articles/jetlines-new-ceo-envisions-different-kind-of-airli-452340/
This thing is real. They are setting that solid foundation for the business. I just re-read their last release about the lease of the planes and according to that, they expect delivery of the planes in early Q2. That is going to come up soon. That piece of tangible progress should boost this back up nicely.
Still not much interest despite the positive news over the last few months. They finalized the agreement for the funding and they just had this new hire. The good news is the stock price has been holding above .40. I am patiently waiting for this thing to take off.
Out of the last few releases, this might be the most meaningful PR for me. They have found a partner with experience and secured money to keep operations going forward. another check box ticked. At this point I don't see anything keeping this company from getting up in the air.
https://www.smartlynx.aero/corporate/about-smartlynx/about
I like how they are starting to stack the good news. Lots of positive signs in the last few days. They are getting close.
All encouraging news. I am still waiting on volume though. None of this news is bringing people back yet.
The time line for delivery of the first pair of planes has been consistent since they announced the lease agreement. They are making positive strides finally. Submitting paperwork and hiring people. I feel pretty good about where the stock price is right now. Price has bottomed out for a while now. Hopefully can go up. Might be time for me to finally buy some more in the hope they keep making positive announcements
More news and progress towards being a functioning airline. I think this is a big deal since it signals they are preparing to be able to sell tickets.
https://jetlines.ca/2018/09/jetlines-partners-with-radixx-a-world-class-reservation-system/
I think most people have lost track of this stock. Most people have moved on and there is still a lot of time until they have their planes in the second quarter of 2019.
Here is an article with some insights from Mark and Lukas into the next year or so.
https://biv.com/article/2018/07/canada-jetlines-readies-takeoff-new-ceo-airbus-deal
I think many of us are disappointed that the official launch won't be for yet another year. The hope was planes would be secured and they'd still be able to achieve a 2018 launch. They will not be able to secure a license until they officially have planes so the next significant catalyst isn't until next year. Most probably pulled their money and put it into other stocks thinking that this will float around this price level for a while.
The agreement for planes is signed and 2 planes are expected by first half of 2019. It took a while but finally some good news. Mark hinted at the news last week when he responded to a question on twitter about people being surprised about what they had in store as far as news was concerned.
https://jetlines.ca/2018/06/canada-jetlines-prepares-for-takeoff-with-definitive-lease-agreement-for-two-airbus-a320-aircraft/
Please explain how the software will be driven with blockchain? What problem is this solving and how exactly will it be implemented on a phone?? So far I've seen this buzzword thrown around but one seems to understand why or how it will be used.
I've been following Boeing on Twitter and it looks like they have been delivering some planes.
http://boeing.mediaroom.com/2018-04-10-Boeing-Reports-First-Quarter-Deliveries?sf186648482=1
Today @united took delivery of their first #737MAX 9—first MAX—showcasing a new livery to easily recognize the eco-friendly aircraft and its superior fuel efficiency. ❤️ 🌏 #Boeing #avgeek pic.twitter.com/mKhBBGXsv4
— Boeing Airplanes (@BoeingAirplanes) April 23, 2018