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JETMF 0.46 to trade $3 very soon Canada Jetlines Announces Ground Handling Agreement
https://globenewswire.com/news-release/2019/02/04/1709627/0/en/Canada-Jetlines-Announces-Ground-Handling-Agreement.html
VANCOUVER, British Columbia, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET: TSX-V) (JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce an agreement with Global Aviation Services, Inc. (“Global Aviation”) for ground handling services.
Global Aviation, headquartered in Mississauga, Ontario, is an aviation services company that offers a full suite of services including ground handling, aircraft detailing, flight supervision and management, mobility assistance, ticketing, and cabin cleaning. With continued growth planned for 2019, there are currently 45 airlines and 12 airports in Canada and the US combined that are partnered with Global Aviation for their passenger, baggage, and load-control services.
Global Aviation is expected to provide Jetlines with safe, quality, on-time and environmentally conscientious service. Their Customer Service Agents (“CSA”) are all highly trained with exemplary people skills, technical proficiency and a total accountability “CAN-DO” attitude –ensuring the ultimate in customer experience of their clients and guests. Global Aviation is well-known for its delivery of quality check-in and boarding services, centralized baggage tracing and, creating the jet bridge connection to the aircraft – services that are all important to Jetlines’ operational plans and will help ensure strong on-time performance.
Chief Operating Officer, Michael Bata, commented, “We are very excited to partner with Global Aviation for our ground handling needs. One of Jetlines’ core values, along with maintaining cost control as Canada’s first ULCC, will be providing our passengers with a pleasant experience from start to finish and Global Aviation, along with their team members, will be an integral part of that experience on both fronts.”
“We at Global are excited to receive the multi-city award and welcome Canada Jetlines to the Global Family. Global Aviation Services will provide Canada Jetlines with ground handling services at locations across North America,” stated Global Aviation Services President and CEO Carm Borg. “It’s truly exciting to have two Canadian companies partnering together to serve the people of Canada,” Mr. Borg added.
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. The Company plans to commence operations with the Airbus A320 fleet, the most widely used aircraft for ultra-low cost carriers worldwide. 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.
For more information on Jetlines, please visit our website at www.jetlines.ca.
ON BEHALF OF THE BOARD
"Mark J. Morabito"
Executive Chairman
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:
Toll Free: 1-833-226-5387
Email: investor.relations@jetlines.ca
I love these every year afew of these make it have have at chance at least to go to 003 maybe beyond
GM all lovely ride from 0001
Slowly com8ng together very soon we will get a big volume day company updates at least once a week some times twice before market opens one day big gap up boom
Slowly com8ng together very soon we will get a big volume day company updates at least once a week some times twice before market opens one day big gap up boom
Canada Jetlines Announces Ground Handling Agreement
Press Release | 02/04/2019
VANCOUVER, British Columbia, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET: TSX-V) (JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce an agreement with Global Aviation Services, Inc. (“Global Aviation”) for ground handling services.
Global Aviation, headquartered in Mississauga, Ontario, is an aviation services company that offers a full suite of services including ground handling, aircraft detailing, flight supervision and management, mobility assistance, ticketing, and cabin cleaning. With continued growth planned for 2019, there are currently 45 airlines and 12 airports in Canada and the US combined that are partnered with Global Aviation for their passenger, baggage, and load-control services.
Global Aviation is expected to provide Jetlines with safe, quality, on-time and environmentally conscientious service. Their Customer Service Agents (“CSA”) are all highly trained with exemplary people skills, technical proficiency and a total accountability “CAN-DO” attitude –ensuring the ultimate in customer experience of their clients and guests. Global Aviation is well-known for its delivery of quality check-in and boarding services, centralized baggage tracing and, creating the jet bridge connection to the aircraft – services that are all important to Jetlines’ operational plans and will help ensure strong on-time performance.
Chief Operating Officer, Michael Bata, commented, “We are very excited to partner with Global Aviation for our ground handling needs. One of Jetlines’ core values, along with maintaining cost control as Canada’s first ULCC, will be providing our passengers with a pleasant experience from start to finish and Global Aviation, along with their team members, will be an integral part of that experience on both fronts.”
“We at Global are excited to receive the multi-city award and welcome Canada Jetlines to the Global Family. Global Aviation Services will provide Canada Jetlines with ground handling services at locations across North America,” stated Global Aviation Services President and CEO Carm Borg. “It’s truly exciting to have two Canadian companies partnering together to serve the people of Canada,” Mr. Borg added.
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. The Company plans to commence operations with the Airbus A320 fleet, the most widely used aircraft for ultra-low cost carriers worldwide. 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.
For more information on Jetlines, please visit our website at www.jetlines.ca.
ON BEHALF OF THE BOARD
"Mark J. Morabito"
Executive Chairman
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:
Toll Free: 1-833-226-5387
Email: investor.relations@jetlines.ca
JETMF NEWS Canada Jetlines Announces Ground Handling Agreement
Press Release | 02/04/2019
VANCOUVER, British Columbia, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET: TSX-V) (JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce an agreement with Global Aviation Services, Inc. (“Global Aviation”) for ground handling services.
Global Aviation, headquartered in Mississauga, Ontario, is an aviation services company that offers a full suite of services including ground handling, aircraft detailing, flight supervision and management, mobility assistance, ticketing, and cabin cleaning. With continued growth planned for 2019, there are currently 45 airlines and 12 airports in Canada and the US combined that are partnered with Global Aviation for their passenger, baggage, and load-control services.
Global Aviation is expected to provide Jetlines with safe, quality, on-time and environmentally conscientious service. Their Customer Service Agents (“CSA”) are all highly trained with exemplary people skills, technical proficiency and a total accountability “CAN-DO” attitude –ensuring the ultimate in customer experience of their clients and guests. Global Aviation is well-known for its delivery of quality check-in and boarding services, centralized baggage tracing and, creating the jet bridge connection to the aircraft – services that are all important to Jetlines’ operational plans and will help ensure strong on-time performance.
Chief Operating Officer, Michael Bata, commented, “We are very excited to partner with Global Aviation for our ground handling needs. One of Jetlines’ core values, along with maintaining cost control as Canada’s first ULCC, will be providing our passengers with a pleasant experience from start to finish and Global Aviation, along with their team members, will be an integral part of that experience on both fronts.”
“We at Global are excited to receive the multi-city award and welcome Canada Jetlines to the Global Family. Global Aviation Services will provide Canada Jetlines with ground handling services at locations across North America,” stated Global Aviation Services President and CEO Carm Borg. “It’s truly exciting to have two Canadian companies partnering together to serve the people of Canada,” Mr. Borg added.
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. The Company plans to commence operations with the Airbus A320 fleet, the most widely used aircraft for ultra-low cost carriers worldwide. 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.
For more information on Jetlines, please visit our website at www.jetlines.ca.
ON BEHALF OF THE BOARD
"Mark J. Morabito"
Executive Chairman
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:
Toll Free: 1-833-226-5387
Email: investor.relations@jetlines.ca
Yeah I just bought really after reading everything and all the news is before market opens and some times with these they could gap up huge on premarket buys
To be honest the price difference from the bid to ask is minimal when I bought I hit the ask
RGBP 0025 Just starting and thin
Yeah I am excited a lot of traders like it is a no brainer one of these morning will gap up and take off usually their news is before market opens , That is why I am letting everyone here to buy if possible today is lowest I have seen the ask
BRNW 0004 nice hit bid getting bigger watchout for more hits
BRNW 0004 3 mil hit bid getting bigger
BRNW 0004 starting looking to go like EGOC watch it
BRNW 0003 x 0004 big Volume alert FYI 0004 are toast here
BRNW 0003 x 0004 big Volume alert FYI 0004 are toast here
BRNW 0003 Big volume alert
EGOC 0009 x 001 now amazing
JETMF some shares at .461 perfect time to buy some if you haven’t remember is most likely in 2 weeks will be trading in the 0.50 cents area news expected next week
Guys watch BRNW 0003 a lot buying the last 2 days 16 mil on ask now
Hey buddy what a gift $$$$$$$
BRNW 0003 load this one getting loaded FYI will hit 0007 at least
EGOC 0009 wow from 0001 $$$$$$$$
EGOC 0008 x 0009 boom ??
EGOC looking good BRNW 0003 nice volume so far 0003 good go here also
Loving it
EGOC 0007 riding this for a long time also BRNW 0003 keep looking at big volume yesterday and some today
EGOC 0007 x 0008
EGOC 0007 good buying here looks 00’ s coming
EGOC 0007 hitting FYI
JETMF Canadian Jetlines setting up to start Flying soon Ground floor opportunity buy
Imo this will be trading in $$$$ very soon near term look at all the news releases on this board
To let you know where they are at 8n the process
Canada Jetlines Reaches Agreements with Winnipeg and Kelowna Airport
https://globenewswire.com/news-release/2019/01/31/1708154/0/en/Canada-Jetlines-Reaches-Agreements-with-Winnipeg-and-Kelowna-Airports.html
VANCOUVER, British Columbia, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET: TSX-V) (JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce it intends to provide ultra-low fare service from both the Kelowna International Airport (YLW) and the Winnipeg James Armstrong Richardson International Airport (YWG).
CEO Javier Suarez stated “we are thrilled to announce that we intend to operate out of more Canadian airports. Our very low fares should encourage people in Winnipeg and Kelowna to travel more often and see more of their own country. Similarly, driven by these low fares, both markets should experience an increase in the number of tourists in their regions. The addition of these airports will extend our reach, giving Jetlines future access to more large populations and strong markets.”
“We are excited to welcome Jetlines to Winnipeg Richardson International Airport,” said Barry Rempel, President and CEO of Winnipeg Airports Authority. “The addition of Jetlines to this market gives travellers another low-cost option to explore all this city and province have to offer.”
Sam Samaddar, Airport Director, Kelowna International Airport commented, “we are excited to see Canada Jetlines come to Kelowna. Adding another ultra-low-cost-carrier to YLW will give residents more flight options, and visitors more opportunities to experience all that the Okanagan has to offer.”
The Company’s ability to service these airports is subject to the completion of the airline licensing process and the receipt of applicable regulatory approvals.
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. The Company plans to commence operations with the Airbus A320 fleet, the most widely used aircraft for ultra-low cost carriers worldwide. 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.
For more information on Jetlines, please visit our website at www.jetlines.ca.
ON BEHALF OF THE BOARD
"Mark J. Morabito"
Executive Chairman
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:
Toll Free: 1-833-226-5387
Email: investor.relations@jetlines.ca
Canada Jetlines Reaches Agreement with Aerodom for Flights to Dominican Republic Airports
https://globenewswire.com/news-release/2019/01/29/1706618/0/en/Canada-Jetlines-Reaches-Agreement-with-Aerodom-for-Flights-to-Dominican-Republic-Airports.htmlVANCOUVER, British Columbia, Jan. 29, 2019 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET: TSX-V) (JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce it intends to provide future service to several sun destinations in the Dominican Republic including Puerto Plata, Samaná, and Santo Domingo.
Jetlines has reached an agreement with Aeropuertos Dominicanos Siglo XXI (“Aerodom”) to provide future service to Puerto Plata’s Gregorio Luperón International Airport (POP) and the Samaná El Catey International Airport (AZS), or Santo Domingo Airport (SDQ). Aerodom manages and operates several airports in the Dominican Republic, servicing an average of over 5 million passengers travelling to 58 cities around the world annually.
Jetlines CEO, Javier Suarez commented, “We are very excited to announce future service to these destinations. Adding these Caribbean airports to our network will enable Canadian’s to travel affordably during the cold winter season. Our very low fares will allow our customers to visit these destinations at a very low cost. Dominican Republic is one of the fastest-growing and most-visited tourist destinations in the Caribbean and the diverse geography, rich culture, and warm hospitality make it an attractive vacation spot for many Canadians.”
“We are delighted to enter into a partnership with Canada Jetlines, which will allow more Canadian tourists to visit the nearly 1,000 miles of coastline, magnificent resorts and hotels, and a variety of sports, recreation and entertainment options that the Dominican Republic has to offer. Without a doubt all our visitors will have a wonderful time in Samaná, Puerto Plata and Santo Domingo. Aerodom will continue to work to provide passengers with the best airport experience and to continuously have more routes served and more airlines operating at our airports.” said Alvaro Leite, Chief Commercial Officer, Aerodom.
The Company’s ability to service these routes is subject to the completion of the airline licensing process and the receipt of applicable regulatory approvals. The exact arrival and departure airports for routes to the Dominican Republic will be determined once regulatory approvals are received.
About Aeropuertos Dominicanos Siglo XXI
Aeropuertos Dominicanos Siglo XXI (Aerodom), a subsidiary of VINCI Airports, is one of the biggest airport operators in Central America and the Caribbean. The company has a concession contract with the Dominican Government to develop, operate and manage six airports in the Dominican Republic until 2030. The airports include Las Americas International Airport in Santo Domingo, which serves as the principal international gateway to the country’s capital and is the second-largest airport in terms of passengers; Gregorio Luperón in Puerto Plata; Presidente Juan Bosch and Arroyo Barril, both near Samana; La Isabela in the city of Santo Domingo; and Maria Montez in Barahona.
For more information, visit www.aerodom.com.
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. The Company plans to commence operations with the Airbus A320 fleet, the most widely used aircraft for ultra-low cost carriers worldwide. 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.
For more information on Jetlines, please visit our website at www.jetlines.ca.
ON BEHALF OF THE BOARD
"Mark J. Morabito"
Executive Chairman
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:
Toll Free: 1-833-226-5387
Email: investor.relations@jetlines.ca
Canada Jetlines Appoints SmartLynx CEO to Board of Directors
https://globenewswire.com/news-release/2019/01/21/1702772/0/en/Canada-Jetlines-Appoints-SmartLynx-CEO-to-Board-of-Directors.html
VANCOUVER, British Columbia, Jan. 21, 2019 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) is pleased to announce the appointment of Mr. Zygimantas Surintas, CEO of SmartLynx Airlines SIA (“SmartLynx”), to Jetlines’ board of directors.
Mr. Surintas has over eight years of executive experience with commercial businesses in North America and Europe combined. Since June 2016, he has held the position of CEO and Director of SmartLynx. As part of his leadership at SmartLynx, Mr. Surintas oversees the company performance and strategy to maintain its status as Europe’s leading ACMI operator. Mr. Surintas joins the Board following the closing of the initial $7.5 million SmartLynx private placement (see press release dated December 27, 2018).
“We recognize and greatly appreciate the continued confidence and support shown by SmartLynx. I am confident that Mr. Surintas will help Jetlines’ board and senior management to realize more outstanding achievements for our current shareholders and stakeholders,” commented Executive Chairman, Mark Morabito.
Zygimantas Surintas stated, “I see a wide range of opportunities for Jetlines and I am excited about my role as the Company’s newest board member. There is significant opportunity in the Canadian market and SmartLynx is committed to a long-term partnership with Jetlines. I will be working closely with the Jetlines team to continue to deliver on the Company’s mission to operate ultra-low cost flights throughout Canada, the US, Mexico, and the Caribbean.”
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. The Company plans to commence operations with the Airbus A320 fleet, the most widely used aircraft for ultra-low cost carriers worldwide. 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.
For more information on Jetlines, please visit our website at www.jetlines.ca.
ON BEHALF OF THE BOARD
"Mark J. Morabito"
Executive Chairman
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:
Toll Free: 1-833-226-5387
Email: investor.relations@jetlines.ca
Canada Jetlines Reaches Agreements with Puerto Vallarta, Los Cabos, and Cancun Airports
https://globenewswire.com/news-release/2019/01/17/1701118/0/en/Canada-Jetlines-Reaches-Agreements-with-Puerto-Vallarta-Los-Cabos-and-Cancun-Airports.html
VANCOUVER, British Columbia, Jan. 17, 2019 (GLOBE NEWSWIRE) -- Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) is pleased to announce it intends to provide future service to several sun destinations in Mexico including Puerto Vallarta, Los Cabos, and Cancun.
Jetlines has reached agreements with both Grupo Aeroportuario del Pacífico (NYSE: PAC) (“GAP”) to provide future service to the Puerto Vallarta International Airport (PVR) and the Los Cabos International Airport (SJD) as well as Grupo Aeroportuario del Sureste (NYSE: ASR) (“ASUR”) to provide future service to the Cancun International Airport (CUN). Puerto Vallarta, Los Cabos, and Cancun are some of Mexico’s top tourism destinations for Canadians with nearly two million passengers travelling from Canada down to Mexico every year, with the numbers continually rising.
CEO Javier Suarez commented, “We are thrilled to announce future service to these airports. I have worked in this market extensively and have a deep understanding of how to operate successful routes in and out of Mexico. We look forward to providing Canadians with ultra-low fares for their vacation plans. With the money saved, Canadians will have the ability to spend more at their destinations; staying longer or in nicer resorts with their friends and family members. Our low fares will also encourage Mexicans to visit beautiful Canada.”
GAP’s CEO Raul Revuelta commented, “We at GAP are pleased to welcome Jetlines at our Puerto Vallarta and Los Cabos airports. During 2018, for the first time in history, we received a combined traffic of 10 million passengers at both airports; this due to the growing number of hotel rooms and the high quality of the touristic products offered at these amazing destinations. I am sure that our Canadian friends will have a wonderful time while visiting Puerto Vallarta and Los Cabos, and we at GAP will continue to work to provide them with the best airport experience.”
ASUR’s Customer and Route Development Director Alejandro Vales commented, “ASUR is delighted to welcome Jetlines to our Cancun airport. A brand-new Canadian airline bridging new origins from Canada to our world-class destination will be a recipe for success indeed.”
The Company’s ability to service these routes is subject to the completion of the airline licensing process and the receipt of applicable regulatory approvals.
About Grupo Aeroportuario del Pacífico
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015 GAP acquired 100% of Desarrollo de Concesiones Aeroportuarias, S.L., which owns a majority stake of MBJ Airports Limited, a company operating the Sangster International Airport in Montego Bay, Jamaica. For more information, visit https://www.aeropuertosgap.com.mx/en/
About Grupo Aeroportuario del Sureste
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) is a leading international airport operator with a portfolio of concessions to operate, maintain and develop 16 airports in the Americas. This comprises nine airports in southeast Mexico, including Cancun Airport, the most important tourist destination in Mexico, the Caribbean and Latin America, and six airports in northern Colombia, including Medellin international airport (Rio Negro), the second busiest in Colombia. ASUR is also a 60% JV partner in Aerostar Airport Holdings, LLC, operator of the Luis Muñoz Marín International Airport serving the capital of Puerto Rico, San Juan. San Juan’s Airport is the island’s primary gateway for international and mainland-US destinations and was the first, and currently the only major airport in the US to have successfully completed a public–private partnership under the FAA Pilot Program. Headquartered in Mexico, ASUR is listed both on the Mexican Bolsa, where it trades under the symbol ASUR, and on the NYSE in the U.S., where it trades under the symbol ASR. One ADS represents ten (10) series B shares. ASUR is one of the top four emerging market companies in the transportation and transportation infrastructure sector included in the Dow Jones Sustainability Emerging Markets Index (DJSI EM). For more information, visit
www.asur.com.mx
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. The Company plans to commence operations with the Airbus A320 fleet, the most widely used aircraft for ultra-low cost carriers worldwide. 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.
For more information on Jetlines, please visit our website at www.jetlines.ca.
ON BEHALF OF THE BOARD
"Mark J. Morabito"
Executive Chairman
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:
Toll Free: 1-833-226-5387
Email: investor.relations@jetlines.ca
Canada Jetlines Selects airRM as its Revenue Management Platform
https://globenewswire.com/news-release/2019/01/15/1691473/0/en/Canada-Jetlines-Selects-airRM-as-its-Revenue-Management-Platform.html
VANCOUVER, British Columbia, Jan. 15, 2019 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) is pleased to announce an agreement with Revenue Management Systems, Inc. (“RMS”), an Accelya Group Company, for the airRM software (“airRM”).
RMS serves over 90 carriers worldwide including ultra-low cost carriers such as RyanAir, VivaAerobus, Tigerair, and AirAsia. Their airRM tool is a continually evolving airline revenue management system with ground-breaking tools that integrate and display a wealth of critical information from multiple sources, enabling airlines to make better and more profitable decisions. RMS is owned by Accelya, a leading provider of technology products and services to over 400 travel carriers around the world. airRM operates in real-time, giving Jetlines the ability to shift and react based on market influences or any other variable that may impact Jetlines’ profitability.
Jordi Porcel, Chief Sales, Marketing, and Customer Experience Officer commented, “With price being one of the most important aspects of our model, airRM was a natural choice based on their state-of-the-art platform. It will allow us to identify and leverage revenue opportunities and have tight control on our pricing while staying nimble. It is important to us, and to our future passengers, that we can offer the right fare for each seat on every flight.” CEO Javier Suarez added, “This marks another important commercial milestone needed as we get closer to launching operations this coming summer. Maximizing our revenue and load factors is critical to the commercial department.”
“We are very pleased to welcome Canada’s newest ultra-low cost carrier, Jetlines, to the growing list of airlines throughout the world that use airRM to maximize their revenue," said Ben Druce, Vice President, Sales and Account Management - Americas. "For start-up airlines, the ability to react quickly to competitors, while easily implementing pricing and inventory strategies, is critical. airRM is the only RM solution in the market today that can effectively support Jetlines as it launches into the dynamic and competitive Canadian marketplace. With its robust suite of modern and sophisticated inventory control methodologies, reporting tools and analytical modules, airRM will provide Jetlines the power to be nimble and achieve their revenue management goals."
About Revenue Management Systems
Revenue Management Systems, Inc. (RMS), an Accelya Group Company, is a global leader in revenue management solutions for the aviation, rail, and cargo industries. Our software helps more than 90 airlines, rail operators, and cargo carriers worldwide make faster, smarter and more profitable decisions, driven by innovation and foresight. RMS is headquartered in Seattle, Washington (USA) with offices in Australia, Great Britain, The Netherlands, Spain, and Singapore. More information about airRM and RMS may be found at www.revenuemanagement.com.
About Accelya
Accelya is a leading global provider of technology products and services to the travel and transport industry. Founded in 1976, Accelya delivers financial, commercial, cargo and analytics solutions designed for a world on the move. Accelya provides the mission-critical solutions that account for and manage more than 5 billion financial transactions and 75 million tons of cargo annually. Accelya serves as a strategic partner to more than 400 airlines, travel agents and shippers. For more information, please visit www.accelya.com.
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. The Company plans to commence operations with the Airbus A320 fleet, the most widely used aircraft for ultra-low cost carriers worldwide. 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.
For more information on Jetlines, please visit our website at www.jetlines.ca.
ON BEHALF OF THE BOARD
"Mark J. Morabito"
Executive Chairman
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:
Toll Free: 1-833-226-5387
Email: investor.relations@jetlines.ca
Jetlines Appoints Industry Expert to Commercial Team
https://globenewswire.com/news-release/2019/01/08/1681837/0/en/Jetlines-Appoints-Industry-Expert-to-Commercial-Team.html
VANCOUVER, British Columbia, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) is pleased to announce the appointment of Mr. Jordi Porcel as Chief Sales, Marketing, and Customer Experience Officer.
CEO Javier Suarez commented, “I am thrilled to welcome Jordi to the Jetlines team as we build out our commercial department. Jordi’s extensive experience working for fast-growing low-cost carriers, as well as his vocation to design and deliver the best customer experience, is fantastic news for Jetlines.”
Javier Suarez and Mr. Porcel worked together at Vueling from 2012 and 2014. Mr. Porcel was then Vueling’s Chief Sales Officer. Together, they helped Vueling expand rapidly and profitably in Europe going through the global financial crisis. Mr. Porcel was responsible for all non-direct sales, accounting for 57% of Vueling’s revenue totalling approximately €700 million. During his tenure, Mr. Porcel led the study, design and initial work on a new platform to manage group booking requests for the airline, including tour operators and charter business. In addition, he streamlined processes between key commercial departments for more efficient and cost-effective day-to-day operations.
More recently, reporting to the Chief Executive Officer, Mr. Porcel was the head of Europe at Air Arabia, a fast growing and profitable low-cost carrier. Mr. Porcel was responsible for implementing the Company’s strategic sales, marketing and communication initiatives in Europe. During his tenure, Mr. Porcel helped grow the European business by 26%. Prior to his role at Air Arabia, Mr. Porcel was the General Manager of Spain at Etihad Airways from 2014 to 2016. He was responsible for initiating Etihad’s operations in Spain and accountable for managing all commercial activities in the new region. From 1988 to 2011, Mr. Jordi Porcel worked at British Airways where he held progressively senior positions, ultimately holding the position of Regional Commercial Manager for Spain, Portugal, and Latin America leading the integration of the Commercial teams with Iberia, after the merge of the two companies under the IAG Holding.
Mr. Porcel holds an AMP (Advanced Management Program) from IESE Business School – Universidad de Navarra in Barcelona, an Executive MBA from IE Instituto de Empresa in Madrid, a BA from WITS University in Johannesburg, and a Commercial and Marketing degree from ESEM School in Madrid. He also studied at the IBM Business School in London.
In connection with his appointment, Mr. Porcel will be granted 250,000 Restricted Share Units (“RSUs”). The RSUs vest over a three-year period from the date of grant, with one third vesting at the end of each year during the three-year period.
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. The Company plans to commence operations with the Airbus A320 fleet, the most widely used aircraft for ultra-low cost carriers worldwide. 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.
For more information on Jetlines, please visit our website at www.jetlines.ca.
ON BEHALF OF THE BOARD
"Mark J. Morabito"
Executive Chairman
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:
Toll Free: 1-833-226-5387
Email: investor.relations@jetlines.ca
Jetlines Announces Up to $15M Financing Commitment from Leading European Airline
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES
VANCOUVER, British Columbia , Nov. 27, 2018 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) is pleased to announce that it has entered into a subscription agreement (the “Subscription Agreement”) with SmartLynx Airlines SIA (“SmartLynx”) for financing commitments of up to $15 million (the “Offering”). SmartLynx specializes in full-service ACMI (Aircraft-Crew-Maintenance-Insurance) aircraft lease services and is the leading ACMI provider in Europe for Airbus A320 aircraft. SmartLynx aircraft has been utilized by major airlines including Norwegian, EasyJet , Thomas Cook and TUI.
“This financing transaction with SmartLynx provides further validation of the Jetlines business plan and the need for a true ultra-low cost carrier in Canada . This also provides endorsement from a seasoned European airline that flies aircraft for some of the most successful ultra-low cost carrier airlines in the world. We look forward to working with the SmartLynx group as we continue to build out the business plan in preparation for launch,” commented Mark Morabito , Executive Chairman of Jetlines.
Javier Suarez , CEO of Jetlines added “In addition to the great value added by the investment SmartLynx is making in Jetlines, having them as our partner brings in a good number of synergies that will translate into significant long-term operational savings. SmartLynx reputation and broad network will help Jetlines accomplish our near-term goals”.
Zygimantas Surintas, CEO of SmartLynx commented “Expansion of our operations into new markets is a strategic long-term priority for SmartLynx, and the Canadian market is among those we have been looking at for several years. We are excited about the opportunity for partnership with Jetlines – not only through SmartLynx’s investment but also through SmartLynx’s ability to contribute our years of experience in airline operations, aircraft leases, maintenance operations and other matters to help Jetlines succeed. The SmartLynx team believes in the ULCC model in Canada and hopes that it can play a part in bringing cheaper air travel to Canadians.”
Details of the Offering
The Offering will consist of 22,727,272 subscription receipts of the Company (“Subscription Receipts”) at a price of $0.33 per Subscription Receipt (the “Offering Price”), for gross proceeds of $7.5 million . The Subscription Receipts will be issued pursuant to the terms of a Subscription Receipt Agreement (the “Subscription Receipt Agreement”) between the Company, SmartLynx and an escrow agent. SmartLynx also has the option exercisable for a period of twelve months following the closing of the Offering to complete a second financing for variable voting shares for additional gross proceeds of up to $7.5 million at the discounted market price at the time it exercises its option (the “Option”).
Each Subscription Receipt will entitle SmartLynx to receive, without payment of additional consideration or further action on the part of the holder, one unit of the Company (each a “Unit” and collectively the “Units”), upon receipt by the escrow agent, prior to August 31, 2019 (the “Deadline”) of a release notice from the Company and SmartLynx (the “Release Notice”), confirming that: (a) the Company has raised additional gross proceeds of $40 million (the “Funding Milestone”) from a subsequent financing by May 31, 2019 (such completion date subject to waiver by SmartLynx); (b) the receipt by the Company’s subsidiary, Canada Jetlines Operations Ltd. (“Jetlines Operations”), of its air operator certificate from Transport Canada; and (c) no termination event has occurred.
Each Unit will consist of one variable voting share of the Company and one common share purchase warrant (each, a “Warrant”). Each Warrant shall entitle the holder thereof to purchase one variable voting share of the Company at a price of $0.45 at any time up to 5:00 p.m. (Vancouver time) on the date which is 36 months from the closing date.
If: (i) the Release Notice is not delivered by the Deadline, or (ii) the Offering is terminated in accordance with the terms of the Subscription Receipt Agreement, then SmartLynx will be entitled to receive an amount per Subscription Receipt equal to the Offering Price and an entitlement to the interest earned thereon. Any shortfall will be funded by the Company. In addition, the Company is obligated to pay a termination fee of US$250,000 if the Company has not achieved the Funding Milestone by May 31, 2019 or commits certain other material breaches and SmartLynx terminates the Subscription Agreement.
The net proceeds of the Offering will be used to further the business objectives of Jetlines in launching an ultra-low cost airline carrier in Canada, including advancing the licensing process, augmenting the leadership team with operations and commercial personnel, branding and marketing activities, as well as advance internet, digital media and IT systems initiatives.
It is expected that SmartLynx will become an insider of the Company on conversion of the Subscription Receipts.
Details of the Commercial Arrangement
In connection with the Offering, Jetlines Operations and SmartLynx will enter into an agreement whereby SmartLynx shall provide ACMI (Aircraft-Crew-Maintenance-Insurance) services to Jetlines Operations during the following eight winter seasons. This agreement will allow Jetlines to increase its capacity in the market during the very busy Canadian Winter Season. In addition, SmartLynx and the Company will enter into a two-year agreement that will provide Jetlines with services and certain proprietary software meant to support Jetlines during the early stage of their operations.
The Company, Jetlines Operations and SmartLynx will also enter into a framework agreement (the “Framework Agreement”) in connection with the closing of the Offering that will govern aspects of the relationship between the parties. The Framework Agreement will cover matters including the right of SmartLynx to appoint a single Board member to the Company and Jetlines Operations, rights to participate on Board committees, arrangements regarding the review of aircraft leases, the grant of a pro-rata right to SmartLynx to participate in future financings and certain other rights detailing with operational and expenditure matters of the Company and Jetlines Operations.
The closing of the Offering is conditional on the satisfaction of conditions to closing contained in the Subscription Agreement, which conditions include, among other things, approval of the TSX Venture Exchange for the Offering and the execution of the Subscription Receipt Agreement and the execution of the agreements referred to above. It is expected that the Offering will close on or before December 24, 2018.
About SmartLynx Airlines SIA
SmartLynx Airlines was founded in 1992 as a private airline. Today it is the leading ACMI (Aircraft-Crew-Maintenance-Insurance) provider in the EU on Airbus aircrafts. As an EU airline, SmartLynx Airlines complies with IOSA and EASA international quality standards, and has access to free route airspace. In 2019, SmartLynx’s fleet will consist of 20 Airbus aircrafts, flying routes in Europe and Asia. SmartLynx flight crew members represent more than 17 nationalities, speak multiple languages. The average experience of SmartLynx’s captains exceeds 5300 block hours and first officers exceeds 1900 block hours.
For more information on SmartLynx, please visit their website at www.smartlynx.aero
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. The Company plans to commence operations with the Airbus A320 fleet, the most widely used aircraft for ultra-low cost carriers worldwide. 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.
For more information on Jetlines, please visit our website at www.jetlines.ca.
ON BEHALF OF THE BOARD
"Mark J. Morabito" Executive Chairman
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: Toll Free: 1-833-226-5387 Email: investor.relations@jetlines.ca
Jetlines Appoints Experienced ULCC Finance Executive to Board of Directors and As Special Advisor to the CEO
https://globenewswire.com/news-release/2018/11/14/1651181/0/en/Jetlines-Appoints-Experienced-ULCC-Finance-Executive-to-Board-of-Directors-and-As-Special-Advisor-to-the-CEO.html
VANCOUVER, British Columbia, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) is pleased to announce the appointment of Alan Bird to Jetlines’ Board of Directors serving as well as a special advisor to the CEO. Alan has more than 25 years of airline finance experience including executive tenure with VivaAerobus, Tiger Airways, and British Midland.
Mr. Bird most recently served as Chief Financial Officer for Mexico’s fastest growing ULCC air carrier, VivaAerobus. During his tenure as CFO Alan helped create the lowest cost airline in North America. Mr. Bird was responsible for the purchase agreement for 52 new Airbus 320, the largest deal recorded at that time by a Latin American airline. In addition, he successfully raised MXN$1billion of fiduciary certificate debt finance as a part of an acquisition program.
Prior to VivaAerobus, Mr. Bird served as Chief Financial Officer and board member for Tiger Airways Singapore. In this role, he initiated the IPO process that realized significant gains for shareholders and was instrumental in establishing sound financial practices for the start up of a subsidiary airline in Australia. From 1997 to 2007, Mr. Bird held the role of Finance Director to British Midland International and was responsible for the overall financial management and procurement function for the BMI Group of Companies. Mr. Bird was part of the team in the deal that secured an exit for shareholders at a valuation of £500 million when the airline was sold to Lufthansa.
Mr. Bird currently serves as an advisor to Irelandia Aviation, the world’s premier low-cost carrier developer. Irelandia initiates, develops and delivers successful low-cost carriers in partnership with airline management and investors. Irelandia has successfully developed five low cost carriers to date – Ryanair in Europe, Tiger Airways in Asia, Allegiant in the USA, VivaAerobus in Mexico and VivaColombia in Colombia. Mr. Bird is an Advisor to Viva Air, VivaColombia, and Viva Peru on financial matters including aircraft acquisition and the development of joint ventures for engineering and maintenance initiatives.
In addition to his role as a director, Mr. Bird will serve as Special Advisor to the CEO. Commenting on his appointment Allan Bird said, “I am very pleased to join my former colleague from VivaAerobus, Javier Suarez, to build Canada’s first true ULCC; the opportunity in Canada remains very exciting. Javier is building a solid team having recently added seasoned ULCC operator Michael Bata as COO and I am looking forward to working with Javier to continue the build out of the airline”.
CEO, Javier Suarez commented, ‘I am excited with the opportunity to work with Alan again. He played a key role helping VivaAeorbus become the lowest cost airline in America. His experience and support will help us progress in the right direction to soon become the lowest cost airline in Canada.
Executive Chairman, Mark Morabito commented, “I am thrilled to announce Alan’s appointment to the Board, and as a Special Advisor to our CEO. Alan’s experience is invaluable for Jetlines as we advance towards commercial operations and are engaged in the financing process for the Company. Alan is a highly qualified finance and procurement professional and his track record of increasing and realizing shareholder value and strategic planning will add significant bench strength to our already talented Board.”
Alan Bird is a Chartered Accountant and holds an honours degree in Mathematical Economics from Birmingham University.
Jetlines has granted a total of 225,000 stock options to Mr. Bird 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.
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. The Company plans to commence operations with the Airbus A320 fleet, the most widely used aircraft for ultra-low cost carriers worldwide. 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.
For more information on Jetlines, please visit our website at www.jetlines.ca.
ON BEHALF OF THE BOARD
"Mark J. Morabito"
Executive Chairman
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:
Toll Free: 1-833-226-5387
Email: investor.relations@jetlines.ca
Jetlines Announces Partnership with Montréal’s Saint-Hubert Airport
(2 slightly different PR's ?)
https://globenewswire.com/news-release/2018/11/08/1647711/0/en/Jetlines-Announces-Partnership-with-Montr%C3%A9al-s-Saint-Hubert-Airport.html