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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:
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