| Previous Close | 0.3607 |
| Open | 0.3602 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 0.3388 - 0.3602 |
| 52 Week Range | 0.2704 - 0.7610 |
| Volume | 42,660 |
| Avg. Volume | 32,622 |
| Market Cap | 31.766M |
| Beta (3Y Monthly) | -2.53 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0530 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
JETMF: OTCQB) (the “Company” or “Jetlines”) provides an update on recent corporate developments related to its planned launch of airline operations in 2019. Jetlines has made significant progress with respect to the airport agreements, commercial agreements and personnel additions required to launch operations. It has also announced financing transactions with SmartLynx Airlines SIA for up to $15 million and a Korean special purpose fund led and established by InHarv Partners Ltd. for up to $14 million.
JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce that it has entered into a letter of intent (the “LOI”) with a Korean special purpose fund led and established by InHarv Partners Ltd. (“InHarv”) for a financing of up to $14 million (the “Offering”). InHarv will be acting as lead & general partner for the Korean special purpose fund, and also investing as principal. The Korean special purpose fund includes the investment divisions of a number of leading Korean manufacturing and financial institutions as its group of limited partners.
Canada Jetlines Ltd. (JET:TSX-V) (JETMF:OTCQB) (the “Company” or “Jetlines”) is pleased to provide an update on recent operational developments related to Jetlines’ build out in preparation for a targeted launch later this year. Jetlines signed an agreement with AKKA Technologies (AKA:EPA) for the paint livery engineering drawings, stencils and placards. Jetlines signed an agreement with Flightcraft Maintenance Services Ltd. (“FMS”) in Winnipeg for the aircraft reconfigurations.
Canada Jetlines Ltd. (JET:TSX-V) (JETMF:OTCQB) (the “Company” or “Jetlines”) is pleased to announce that it has signed an agreement with Elavon, Inc., a wholly owned subsidiary of U.S. Bancorp (USB), as its payment processing partner of choice. Elavon provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, Canada, Mexico, and Puerto Rico, and is a leading payments provider to airlines around the world. Elavon will provide Jetlines’ customers with a secure and easy-to-use payment processing platform.
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. Jetlines was ranked eighth of the winning companies to have qualified within the diversified industries sector.
Canada Jetlines Ltd. (JET:TSX-V) (JETMF:OTCQB) (the “Company” or “Jetlines”) is pleased to provide an update on recent commercial developments related to Jetlines’ build out in preparation for launch. Jetlines has signed an agreement with Travel Fusion, a leading online travel content aggregator and innovator of Direct Connect distribution solutions. Travel Fusion operates the world’s largest Direct Connect distribution and payment platform, directly linking hundreds of travel suppliers to Online Travel Agencies, online (Corporate) Booking Tools, Travel Search and Mobile services.
Canada Jetlines Ltd. (JET:TSX-V) (JETMF:OTCQB) (the “Company” or “Jetlines”) and the Québec City Jean Lesage International Airport (YQB) (the “Québec City airport”, “YQB” or the “airport”) are pleased to announce they have reached an agreement in principle. Canada Jetlines intends to provide future ultra-low fare service from the airport. In 2017, Québec City Jean Lesage International Airport doubled its capacity by opening a brand-new international terminal.
Canada Jetlines Ltd. (JET:TSX-V) (JETMF:OTCQB) (the “Company” or “Jetlines”) is pleased to announce that it intends to offer direct flights from Aéroport Montréal Saint-Hubert Longueuil (“Montreal Saint Hubert Airport” or the “airport”) to several cities in Canada including cities in Quebec, as well as US destinations including Florida and New York. Montreal Saint Hubert Airport is being expanded as part of a plan to position itself as a low-cost airport serving the Montérégie region of Quebec and Montréal.
Canada Jetlines Ltd. (JET:TSX-V) (JETMF:OTCQB) (the “Company” or “Jetlines”) is pleased to announce that it has chosen Vancouver International Airport (YVR) to be its home airport and primary base of operations when it begins flight operations targeted for later this year. Jetlines has filed and received confirmation from YVR that all airport slots needed to operate their initial network using their first two Airbus A320 aircraft will be available.
Canada Jetlines Ltd. (JET:TSX-V) (JETMF:OTCQB) (the “Company” or “Jetlines”) is pleased to announce an agreement with Global Aviation Services, Inc. (“Global Aviation”) for ground handling services. Global Aviation, headquartered in Mississauga, Ontario, is an aviation services company that offers a full suite of services including ground handling, aircraft detailing, flight supervision and management, mobility assistance, ticketing, and cabin cleaning. With continued growth planned for 2019, there are currently 45 airlines and 12 airports in Canada and the US combined that are partnered with Global Aviation for their passenger, baggage, and load-control services.
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. “We are excited to welcome Jetlines to Winnipeg Richardson International Airport,” said Barry Rempel, President and CEO of Winnipeg Airports Authority.
Canada Jetlines Ltd. (JET:TSX-V) (JETMF:OTCQB) (the “Company” or “Jetlines”) is pleased to announce it intends to provide future service to several sun destinations in the Dominican Republic including Puerto Plata, Samaná, and Santo Domingo. Jetlines has reached an agreement with Aeropuertos Dominicanos Siglo XXI (“Aerodom”) to provide future service to Puerto Plata’s Gregorio Luperón International Airport (POP) and the Samaná El Catey International Airport (AZS), or Santo Domingo Airport (SDQ).
Canada Jetlines Ltd. (JET:TSX-V) (the “Company” or “Jetlines”) is pleased to announce the appointment of Mr. Zygimantas Surintas, CEO of SmartLynx Airlines SIA (“SmartLynx”), to Jetlines’ board of directors. Since June 2016, he has held the position of CEO and Director of SmartLynx. As part of his leadership at SmartLynx, Mr. Surintas oversees the company performance and strategy to maintain its status as Europe’s leading ACMI operator.
Jetlines Ltd. (JET:TSX-V) (the “Company” or “Jetlines”) is pleased to announce it intends to provide future service to several sun destinations in Mexico including Puerto Vallarta, Los Cabos, and Cancun. Jetlines has reached agreements with both Grupo Aeroportuario del Pacífico (PAC) (“GAP”) to provide future service to the Puerto Vallarta International Airport (PVR) and the Los Cabos International Airport (SJD) as well as Grupo Aeroportuario del Sureste (ASR) (“ASUR”) to provide future service to the Cancun International Airport (CUN).
Canada Jetlines Ltd. (JET:TSX-V) (the “Company” or “Jetlines”) is pleased to announce an agreement with Revenue Management Systems, Inc. (“RMS”), an Accelya Group Company, for the airRM software (“airRM”).
Canada Jetlines Ltd. (JET:TSX-V) (the “Company” or “Jetlines”) is pleased to announce the appointment of Mr. Jordi Porcel as Chief Sales, Marketing, and Customer Experience Officer. CEO Javier Suarez commented, “I am thrilled to welcome Jordi to the Jetlines team as we build out our commercial department. Javier Suarez and Mr. Porcel worked together at Vueling from 2012 and 2014.
This press release is issued pursuant to National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.Vancouver, British Columbia--(Newsfile Corp. - December 27, 2018) - On December 27, 2018 SmartLynx Airlines SIA ("SmartLynx") acquired 22,727,272 subscription receipts (the "Subscription Receipts") of Canada Jetlines Ltd. (TSXV: JET) ("Jetlines"), at a price of C$0.33 per Subscription Receipt, for total consideration ...
Canada Jetlines Ltd. (JET:TSX-V) (the “Company” or “Jetlines”) is pleased to announce that further to its press release of November 27, 2018, it has closed a private placement with SmartLynx Airlines SIA (“SmartLynx”) pursuant to which it has sold an aggregate of 22,727,272 subscription receipts (each, a “Subscription Receipt”) at a price of $0.33 per Subscription Receipt (the “Offering Price”) for gross proceeds of $7.5 million (the “Offering”). Jetlines entered into a subscription agreement with SmartLynx for a financing of up to $15 million. With the closing of the initial $7.5 million, SmartLynx retains the option to acquire an additional $7.5 million of the Company’s shares at the maximum discounted market price permitted under TSX.V rules at the time the option is exercised.
Canada Jetlines Ltd. (JET:TSX-V) (the “Company” or “Jetlines”) is pleased to announce that it has entered into a subscription agreement (the “Subscription Agreement”) with SmartLynx Airlines SIA (“SmartLynx”) for financing commitments of up to $15 million (the “Offering”). SmartLynx specializes in full-service ACMI (Aircraft-Crew-Maintenance-Insurance) aircraft lease services and is the leading ACMI provider in Europe for Airbus A320 aircraft. SmartLynx aircraft has been utilized by major airlines including Norwegian, EasyJet, Thomas Cook and TUI.
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.