Canada Jetlines Reaches Agreements with Winnipeg and Kelowna Airports
Press Release | 01/31/2019
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
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