Replies to post #1165 on Global Crossing Airlines Inc. (JETMF)

[PotterBanker]

Everything going in the right direction. I was mostly noting that the failure of the first lease agreement and the change in mgt had delayed their initial plan.

Initially they were going to be in the air before the end of this year.

I'm a buyer here at the lowest prices, I'm just not all that sure we've seen the lowest prices yet. And still some time through the holiday season with not much to crow about till next year.

Volume very low, even on that fresh news.

Nibbles while accepting you may need to buy more lower to average in could be a good hedge in case it gets some volume here and we don't see .34 again.... I just don't see the increase in volume coming right away.
(cheapo nickel nurser view lol)

One question that could matter; Will they need to do another bought deal financing before they actually get to selling tickets and flying airplanes?

Last financials show them with C$4 million cash as of June 30. They're burning about C$1.5 million per Q so they would have about C$2.5 million in cash currently. They just paid another C$438k to the lease company.

I think they will need more cash before the end of this year.

From the last MD&A
"....however further funding, in the form of debt, equity or other facilities, will be required to meet domestic licensing financial capability requirements and to complete the build-out of the airline with aircraft, personnel, inventory, training, paying necessary up-front deposits, finalizing sales and administrative systems and other launch activities."

Will that matter in regards to the stock price now, or in the near future? I have no idea. Just another thing to consider.

GL with your position in Jet. I will be joining you as a shareholder again, just a matter of when.

https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00005878&issuerType=03&projectNo=02813958&docId=4377922

https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00005878&issuerType=03&projectNo=02813949&docId=4377910

[PotterBanker]

Jetlines Selects CAE for Airbus A320 Pilot Training

https://globenewswire.com/news-release/2018/10/23/1625524/0/en/Jetlines-Selects-CAE-for-Airbus-A320-Pilot-Training.html

VANCOUVER, British Columbia, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) is pleased to announce the signing of an exclusive Airbus A320 pilot training agreement with global aviation training leader CAE (NYSE: CAE; TSX: CAE). Starting in the first half of 2019, CAE instructors will train Jetlines’ pilots at CAE’s training centre in Montreal using the latest training equipment suite.

In addition, the airline’s pilots will have access, on-site and remotely, to the most advanced training material, leveraging Pelesys, a CAE company, for Airbus A320 comprehensive ground-school training solutions. This holistic training solutions experience reduces the time spent in the classroom and will allow crews to be more productive while ensuring their technical knowledge is maintained at the highest standards.

Vic Charlebois, VP Flight Operations commented, “I have long regarded CAE and Pelesys as premier providers of aviation training solutions. Jetlines is eager to support Canadian aviation and encourage growth in all of our industries. There are notable benefits to using a local Canadian company, one of which is the close collaboration to customize training programs for Jetlines’ procedures, another is keeping our costs down by having simulators locally accessible.”

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.

[PotterBanker]

Jetlines Prepares to Soar with Cossette

https://globenewswire.com/news-release/2018/10/30/1638892/0/en/Jetlines-Prepares-to-Soar-with-Cossette.html

VANCOUVER, British Columbia, Oct. 30, 2018 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) is pleased to announce that it has selected two-time Agency of the Year winner, Cossette, as its marketing agency of record. Known for its bold, creative-first approach, Cossette will be charged with developing all of the Company’s marketing and communication initiatives.

Cossette’s expertise in strategy and branding, traditional and digital communications, design, CRM, and performance media will be invaluable in creating a brand Canadians can rally around. Cossette’s ability to understand Jetlines’ unique market, combined with its speciality in disruptive thinking and culture-shifting content creation, will help realize Jetlines’ mission to be Canada’s ultra-low-cost airline of choice.

With offices nationwide, Cossette’s thorough understanding of Canadian culture will help Jetlines attract a diverse array of cost-conscious travellers.

Cossette will work collaboratively with Jetlines to create an impactful campaign for Jetlines’ initial launch and provide ongoing insight and input for future marketing initiatives.

“Jetlines is not meant to be just another airline,” stated CEO, Javier Suarez. “We’re here to challenge the way things have been done in the past and introduce Canadians to a new way of flying. Canadians have been overpaying for airfares for far too long but next summer 2019, things are going to change. We’re beyond excited to have Cossette join us in our rebellion against high airfares!”

“It’s rare—and exciting—to partner with a client who permits you the opportunity to truly test the boundaries of customer experience,” noted Nadine Cole, Senior Vice President and General Manager of Cossette. “Javier is pushing us to imagine how the airline industry can be completely reinvented. A natural strategic thinker—he doesn't stop the process, he builds on it and makes it better.”

About Cossette

Cossette is a fully integrated marketing communications agency. It is a community of 700 creative humans who help people and brands connect in meaningful ways. Cossette was named Agency of the Year in Canada in 2016 and 2017. It currently has offices in Halifax, Quebec City, Montreal, Toronto and Vancouver, and has been making strides to become a major player in the global advertising community. To learn more, visit cossette.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 ULCC 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.