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| airline = Canada Jetlines
| airline = Canada Jetlines
| image =
| image =
| IATA = AU<ref>{{cite web|url=https://aeroroutes.com/eng/220719-auaug22|title=Canada Jetlines schedules mid-August 2022 launch|publisher=AeroRoutes|date=July 19, 2022|accessdate=July 19, 2022}}</ref>
| IATA = AU<ref>{{cite web|url=https://aeroroutes.com/eng/220719-auaug22|title=Canada Jetlines schedules mid-August 2022 launch|publisher=AeroRoutes|date=July 19, 2022|accessdate=July 19, 2022}}</ref>
| ICAO = CJL
| ICAO = CJL
| callsign = JETBUS<ref>https://twitter.com/CanadaJetlines/status/1011595219056373762 {{Bare URL inline|date=November 2021}}</ref>
| callsign = JETBUS<ref>https://twitter.com/CanadaJetlines/status/1011595219056373762 {{Bare URL inline|date=November 2021}}</ref>

Revision as of 15:39, 19 July 2022

"Jetlines" redirects here. For other uses, see Jet line.
This article is about a specific airline. For Canadian airlines with jetliners, see List of airlines of Canada.

Canada Jetlines
IATA ICAO Callsign
AU[1] CJL JETBUS[2]
Founded2013
Hubs
Holding company#Parent companyGlobal Crossing Airlines
Traded asNEO: CJET
Headquarters6299 Airport Road - Suite 300, Mississauga, Ontario
Key people
Websitewww.jetlines.ca/

Canada Jetlines, Ltd. is a Canadian ultra low-cost airline, headquartered in Mississauga, Ontario. Jetlines aims to meet the market demand in Canada for low-fare air travel.[5][6] Jetlines plans to follow the business model of European low-cost carriers Ryanair and easyJet by operating from smaller secondary airports when possible.[6] The airline announced plans to begin operations with its A320 aircraft in the summer of 2022 from Toronto Pearson International Airport.[7]

History

On February 28, 2017, Canada Jetlines completed a business combination with Jet Metal. Until then, Canada Jetlines was a private company that had raised money over three years with the goal of becoming a ULCC. Jet Metal Corp. was a publicly listed company that was previously involved in mineral exploration, but had raised capital in 2014 to search for a new business opportunity. An IPO process is quite lengthy and expensive, so it is common in Canada for private corporations to obtain a public listing through a corporate transaction with an inactive listed company. A public listing was sought as it provides greater access to capital given the increased liquidity compared to a private corporation. The common shares of Canada Jetlines trades on the NEO Stock Exchange – with the ticker symbol "CJET".

In June 2016 the airline announced that it had asked the Canadian government to relax its legal requirement for Canadian airlines to have no more than 25% foreign ownership, allowing Canada Jetlines to seek foreign investment up to the level of 49% ownership.[8] On November 3, 2016, Transport Minister Marc Garneau approved Jetlines' request for exemption from the current foreign ownership rules, which allowed the airline to access necessary capital in order to begin operations.[9] The airline has one ownership member from Europe and a board made up of industry members from Europe and the United States.

On November 4, 2016, Canada Jetlines announced that it was planning to launch operations on strong primary and secondary routes by operating scheduled point-to-point jet air service. Jetlines plans to operate flights throughout Canada, the United States, Mexico, and the Caribbean. On May 8, 2018, Canada Jetlines announced that it would not be leasing two Boeing 737-800 aircraft as initially planned due to the lessor being unable to confirm a delivery date. Jetlines concluded a term sheet on April 23, 2018 to lease two Airbus A320 aircraft instead, and made a deposit payment of US$876,000.[10][11] On June 13, 2018, Jetlines announced that it had partnered with AerCap, an aircraft leasing and aviation finance company, to sign a Definitive Lease Agreement for two Airbus A320 aircraft. Delivery of the two aircraft was expected by the first half of 2019.[12] On April 4, 2019, Jetlines announced that it intends to launch operations in December 2019 and has subsequently withdrew from its leasing agreement with AerCap dated April 23, 2018. Jetlines intends to lease its initial aircraft with its partner, SmartLynx Airlines, with delivery of the aircraft occurring in Q4 2019.[13]

On April 3, 2019, Jetlines announced its anticipated launch of commercial service to be December 17, 2019 with Toronto International Airport acting as Jetlines home base. Because of the company's progress, Jetlines and AerCap mutually agreed to cancel their agreement for two A320 leases. In place of that agreement, Jetlines signed a letter of intent with SmartLynx Airlines for two alternate Airbus A320 available for delivery in Q4 2019, which is in line with the planned commencement of the company's operations.[14]

On February 28, 2022, Jetlines' first Airbus 320, C-GCJL, which formerly flew for Avianca and Pegasus Airlines,[15] touched down at Region of Waterloo International Airport. The aircraft was flown from Shannon, Ireland after completing interior refurbishment and repainting.[16]

Fleet

Jetlines fleet
Aircraft In
service 		Orders Seats Notes
Airbus A320-200 1 1 180 Arrived February 28, 2022

Destinations

On September 11, 2017, Canada Jetlines released a map of cities to which it intended to fly by April 2019.[17] In April 2022, the company announced plans to begin operations in the summer of 2022 with no firm announcement of which destinations would be served first.[7] Toronto Pearson International Airport will be the primary travel hub for Canada Jetlines.[18] Additional airport confirmations include Montréal's Saint-Hubert Airport,[19] Puerto Vallarta, Los Cabos, Cancun,[20] Dominican Republic,[21] Winnipeg, Kelowna,[22] and Québec City.[23] On July 19, 2022, The airline announced that it will begin service from Toronto's Pearson Airport to both Moncton and Winnipeg starting August 15, 2022.[24]

References

  1. ^ "Canada Jetlines schedules mid-August 2022 launch". AeroRoutes. July 19, 2022. Retrieved July 19, 2022.
  2. ^ https://twitter.com/CanadaJetlines/status/1011595219056373762 [bare URL]
  3. ^ "Canada Jetlines Aircraft Unveiling at Waterloo International Airport - March 23, 2022". YouTube.
  4. ^ a b c d e "Leadership Team". Canada Jetlines. Archived from the original on October 25, 2017.
  5. ^ Deveau, Scott (November 27, 2013). "Canada Jetlines: Ultra-low cost carrier being proposed for Western Canada". The Financial Post. Retrieved December 8, 2014.
  6. ^ a b eyes underserved Western Canada flight routes
  7. ^ a b "Canada Jetlines to Begin Operations at Toronto Pearson International Airport". www.businesswire.com. April 7, 2022. Retrieved April 12, 2022.
  8. ^ Korstrom, Glen (June 14, 2016). "Canada Jetlines seeks exemption so its foreign investors have more sway". biv.com. Business In Vancouver. Retrieved July 17, 2016.
  9. ^ http://m.marketwired.com/press-release/canada-jetlines-jet-metal-corporation-applaud-transport-minister-marc-garneau-approving-tsx-venture-jet-2172575.htm
  10. ^ "Canada Jetlines Provides Corporate Update". Jetlines. May 8, 2018. Retrieved May 13, 2018.
  11. ^ "Canada Jetlines finalizes Definitive Lease Agreement for Airbus aircraft". aeronauticsonline.com. Retrieved August 11, 2018.
  12. ^ "Canada Jetlines Prepares for Takeoff with Definitive Lease Agreement for Two Airbus A320 Aircraft". Jetlines. June 13, 2018. Archived from the original on June 13, 2018. Retrieved August 13, 2018.
  13. ^ "Jetlines Announces Anticipated Launch Timing". Jetlines. April 4, 2019. Retrieved April 8, 2019.
  14. ^ "Jetlines anticipated launch timing". Jetlines. Retrieved April 3, 2019.
  15. ^ "Jetlines C-GCJL".
  16. ^ "New airline touches down at Waterloo Region's airport". Kitchener. February 28, 2022. Retrieved March 1, 2022.
  17. ^ "Planned Route Map | Jetlines | Canada's Ultra-Low Cost Airline". jetlines.ca. Retrieved September 19, 2017.
  18. ^ "Canada Jetlines to begin operations at Toronto Pearson". Skies Mag. Retrieved April 12, 2022.
  19. ^ "Jetlines Announces Partnership with Montréal's Saint-Hubert Airport | Jetlines | Canada's Ultra-Low Cost Airline". jetlines.ca. Retrieved January 21, 2019.
  20. ^ "Canada Jetlines Reaches Agreements with Puerto Vallarta, Los Cabos, and Cancun Airports | Jetlines | Canada's Ultra-Low Cost Airline". jetlines.ca. Retrieved January 21, 2019.
  21. ^ "Canada Jetlines Reaches Agreement with Aerodom for Flights to Dominican Republic Airports | Jetlines | Canada's Ultra-Low Cost Airline". jetlines.ca. Retrieved January 21, 2019.
  22. ^ "Canada Jetlines Reaches Agreements with Winnipeg and Kelowna Airports | Jetlines | Canada's Ultra-Low Cost Airline". jetlines.ca. Retrieved January 21, 2019.
  23. ^ "Canada Jetlines and Québec City Airport Sign Agreement | Jetlines | Canada's Ultra-Low Cost Airline". jetlines.ca. Retrieved January 21, 2019.
  24. ^ "Canada Jetlines schedules mid-August 2022 launch". AeroRoutes. July 19, 2022. Retrieved July 19, 2022.
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