I'm close to doubling down on JETMF. Got to be close to major news of financing and license. I would guess they already have the needed financing in progress and waiting to PR when it's close to or already final. License will come after company proves financing....ticket sales could come before the license.
Pending funding to the approval of the Agency, the completion of the Transport Canada Air Operator Certificate (“AOC”) and being properly insured, the Company will receive its airline licence to operate as an ULCC airline in Canada. The Company can make a request to the Agency to sell airline tickets prior to the licensing process being completed. The pre-selling of airline tickets combined with full operational funding could allow first operational flight to occur forthwith the completion of the licensing process.