| Previous Close | 0.3324 |
| Open | 0.3454 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 0.3454 - 0.3537 |
| 52 Week Range | 0.2704 - 0.5513 |
| Volume | 450 |
| Avg. Volume | 23,704 |
| Market Cap | 28.363M |
| Beta (3Y Monthly) | -2.26 |
| 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 |
Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) is pleased to announce the appointment of Mr. Jyri Strandman as Chief Operating Officer, effective July 1, 2019. Jyri is a seasoned aviation veteran with over 30 years experience in the aviation industry and has held senior positions with ultra-low cost carrier (ULCC) leader Spirit Airlines. “I am very pleased that Jyri has agreed to join Jetlines full-time as Chief Operating Officer.
JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce a new and playfully provocative brand identity to serve and stand up for Canadians nationwide. The recently announced intent to acquire Air Transat by Air Canada, as well as the sale of WestJet to Onex will only reduce competition and increase prices further. Jetlines is firmly principled to offer the lowest airfares in Canada.
JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce that it has been granted slots at Vancouver International Airport (YVR) to operate its first Winter Schedule. This announcement follows Jetlines’ February 7, 2019 news release announcing YVR as its home airport and primary base of operations when the Company intends to launch operations in December this year. The slots will permit Jetlines to operate up to ten flights per day and over 1,000 flights during the first winter season from December 17, 2019 to March 28, 2020 as the Company plans to grow commercial operations and offer service in time for the upcoming winter holiday season.
JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to provide an update on the status of the $7 million financing (the “InHarv Offering”) with InHarv Partners Ltd. (“InHarv”), on behalf of InHarv ULCC Growth. The TSX Venture Exchange (“TSXV”) is requiring that the Company obtain shareholder approval for the Offering. The Company has submitted the InHarv Offering for shareholder approval at its upcoming Annual General and Special Meeting scheduled for Wednesday, June 26, 2019 (the “AGM”).
JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce that it has signed an agreement with MedAire, the aviation subsidiary of International SOS, a global leader in medical and security risk services. Jetlines will work with MedAire to ensure the safety of passengers and crew is always the number one priority. The Company is also pleased to partner with Kenyon International Emergency Services.
JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce that the Company has successfully completed the integration of several systems necessary in order to start selling tickets and other ancillary purchases through the Jetlines website. As part of Jetlines’ strategy to deliver a strong digital customer experience, and to drive the majority of ticket sales directly through the Jetlines’ website, the Company has successfully integrated several commercial systems in preparation for launch. This includes design and development of the core website together with the booking engine, payment processing systems, revenue management systems, and other ancillary services such as car rentals and hotel bookings.
JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce that it has entered into definitive lease agreement with its partner, SmartLynx Airlines SIA, for two Airbus A320 that will be available for delivery in Q4 2019 in line with the expected commencement of Jetlines’ operations. Jetlines’ operations department intends to conduct a familiarization inspection of the aircraft in the next few months to ensure the aircraft are in compliance with the Transport Canada A320 Type Certificate, and identify any additional equipment required. The aircraft are scheduled to be delivered by November 5, 2019 and as part of the AOC (Air Operator Certificate) process, they will be inspected by Transport Canada prior to launching operations.
JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce that it has entered into a definitive subscription agreement (the “Agreement”) with InHarv Partners Ltd. (“InHarv”), on behalf of a Korean special purpose fund to be called InHarv ULCC Growth Fund (the “SPV Fund”), for a financing of $7 million (the “Principal Amount”). The SPV Fund is to include the investment divisions of a number of leading Korean manufacturing and financial institutions as its group of limited partners. The SPV Fund will be created by InHarv to facilitate the investment into Jetlines.
JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce that SmartLynx Airlines SIA (“SmartLynx”) and Jetlines have amended the escrow release conditions associated with the $7.5 million subscription receipt financing that was completed in December 2018 (the “SmartLynx Offering”). The escrow release conditions have been amended to match the funding conditions that are subject to the pending financing with the Korean special purpose fund led and established by InHarv Partners Ltd. (“InHarv”) (see press release of March 28, 2019 for further details). The amended escrow release conditions will provide funds to Jetlines at an earlier date than previously agreed.
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.