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|Beta (3Y Monthly)||-3.43|
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Canada Jetlines Ltd. (JET:TSX-V) (the “Company” or “Jetlines”) is pleased to announce the appointment of Alan Bird to Jetlines’ Board of Directors serving as well as a special advisor to the CEO. Alan has more than 25 years of airline finance experience including executive tenure with VivaAerobus, Tiger Airways, and British Midland.
Canada Jetlines Ltd. (JET:TSX-V) (the “Company” or “Jetlines”) is pleased to announce that it intends to offer ultra-low fare service to the Montréal region from Aéroport Montréal Saint-Hubert Longueuil (“Saint-Hubert”). Saint-Hubert is being expanded as part of a plan to be positioned as a low-cost airport serving the Montréal area. Once the necessary expansions are complete, the airport will be able to support ULCC airlines by as early as 2020.
Canada Jetlines Ltd. (JET:TSX-V) (the “Company” or “Jetlines”) is pleased to announce the appointment of industry veteran and former Southwest Airlines executive, Mr. Michael Bata as Chief Operations Officer, effective November 1, 2018. Michael is a seasoned aviation veteran with over 35 years experience in the aviation industry and has held positions with multiple fortune 100 and 500 companies. “I am thrilled to welcome Michael to our Jetlines team.
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.
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.
Canada Jetlines Ltd. (JET:TSX-V) (the “Company” or “Jetlines”) is pleased to announce that further to its news release of June 13, 2018, it has completed a second set of advance lease payments to AerCap, a global leader in aircraft leasing and aviation finance, for two Airbus A320 aircraft. Both aircraft are currently with Air New Zealand and are approaching end of lease service with the airline. Jetlines has made another deposit to AerCap for USD $438,000 per the terms of the agreement and in demonstration of the continued partnership.
Canada Jetlines Ltd. (JET:TSX-V) (the “Company” or “Jetlines”) is pleased to announce that the Company has signed a definitive agreement with Radixx International, Inc. (“Radixx”), a world-class technology company as its Reservation System provider. Radixx newest reservation system Radixx Res, includes a booking engine that allows the Airline to manage all passenger bookings, and a customized website and mobile application that will allow customers to make their bookings paying only for the services they want to receive. The Radixx platform uses innovative and cost-effective solutions that strongly align with the ultra-low cost business model.
Canada Jetlines Ltd. (JET:TSX-V) (the “Company” or “Jetlines”) is pleased to announce the appointment of Mr. Javier Suarez as Chief Executive Officer of the Company after being promoted from the role of Chief Commercial Officer. Javier is replacing the Company’s former CEO, Mr. Lukas Johnson. Mr. Johnson recently informed the Company that he will be returning to the United States for personal and family reasons.