Global Crossing Airlines Inc. (JETMF)

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Canada Jetlines Named to the 2019 TSX Venture 50 List of Companies

https://globenewswire.com/news-release/2019/02/21/1739461/0/en/Canada-Jetlines-Named-to-the-2019-TSX-Venture-50-List-of-Companies.html

VANCOUVER, British Columbia, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) is pleased to announce today announced it has been named to the 2019 TSX Venture 50™ – this is the TSX Venture Exchange’s annual ranking of Canada’s top 50 emerging publicly traded companies.

The Venture 50™ are the top ten companies listed on TSX Venture Exchange in each of five major industry sectors – mining, energy, clean technology & life sciences, diversified industries and technology – based on a ranking formula with equal weighting given to market capitalization growth, trading volume amount and share price appreciation. All data was as of December 31, 2018.

Jetlines was ranked eighth of the winning companies to have qualified within the diversified industries sector.

Executive Chairman Mark Morabito commented, “We are honoured to be recognized and named to the TSX Venture 50. I would like to thank the entire team at Jetlines for their dedication and tireless efforts as we expand our business operations and continue to prepare to launch our ultra-low cost airline this year. I look forward to building on our recent successes and to adding shareholder value as the Company continues to grow.”

The TSX Venture created a video profile on Jetlines and other 2019 TSX Venture 50™ winners, available at http://www.tmx.com/venture50.

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
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