Canada Jetlines Explained

Airline:Canada Jetlines
Iata:AU
Icao:CJL
Callsign:JETBUS
Bases:Toronto Pearson International Airport
Fleet Size:4
Destinations:5
Num Employees:200
Key People:
Founded:2013
Defunct:August 15, 2024
Headquarters:Mississauga, Ontario, Canada

Canada Jetlines, Ltd., operating and branded as jetlines, was a Canadian airline headquartered in Mississauga, Ontario. It operated scheduled and charter flights in the Americas and the Caribbean. The airline launched its inaugural flight on September 22, 2022, from Toronto Pearson to Calgary.

In August 2024, it ceased operations and said that it would seek creditor protection.

History

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.[2] 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.[3] The airline has one minority owner from Europe and a board made up of aviation 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 planned to operate flights throughout Canada, the United States, Mexico, and the Caribbean. On September 11, 2017, Canada Jetlines released a map of cities to which it intended to fly by April 2019.[4] 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.[5] [6] 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.[7] On April 4, 2019, Jetlines announced that it intended to launch operations in December 2019 and had subsequently withdrawn from its leasing agreement with AerCap dated April 23, 2018. Jetlines intended to lease its initial aircraft with its partner, SmartLynx Airlines, with delivery of the aircraft occurring in Q4 2019.[8]

On February 28, 2017, Canada Jetlines completed a merger with Jet Metal Corp. Until then, Canada Jetlines was a private company that had raised money over three years with the goal of becoming an ultra low-cost carrier (ULCC). Jet Metal Corp. was a publicly listed company that was previously involved in mineral exploration, but had ceased active operations in 2017. Jet Metal Corp became publicly listed in 2014 as a special-purpose acquisition company (SPAC). As an initial public offering (IPO) process is quite lengthy and expensive, it is easier for private corporations to obtain a public listing through a corporate transaction with an inactive listed company or SPAC. A public listing was sought as it provided 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".

On April 3, 2019, Jetlines announced its anticipated launch of commercial service to be December 17, 2019 with Toronto Pearson 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 A320s available for delivery in Q4 2019, which was in line with the planned commencement of the company's operations.[9]

On February 28, 2022, Jetlines' first Airbus A320, C-GCJL, which formerly flew for Avianca and Pegasus Airlines,[10] touched down at Region of Waterloo International Airport. The aircraft was flown from Shannon Airport in Ireland after completing interior refurbishment and repainting.[11] 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.[12] Toronto Pearson International Airport was later announced as the primary travel hub for the airline.[13] Additional airport confirmations include Montréal's Saint-Hubert Airport,[14] Puerto Vallarta, Los Cabos, Cancun,[15] Dominican Republic,[16] Winnipeg, Kelowna,[17] and Québec City.[18] On July 19, 2022, the airline announced that it would begin service from Toronto's Pearson Airport to both Moncton and Winnipeg starting on August 15, 2022,[19] however on August 4, 2022, the airline announced that the launch would be postponed by two weeks to August 29, 2022.[20] The airline postponed its launch again to September 22, 2022, by then adjusting its network to instead launch services to Calgary International Airport from Toronto Pearson instead of Moncton and Winnipeg.[21] [22]

In October 2022, Canada Jetlines negotiated the acquisition of its second aircraft for delivery on November 30, 2022, expecting to expand to a fleet of 15 aircraft by the end of 2025.[23] In November 2022, the airline announced its first destinations in the United States, consisting of Las Vegas and Melbourne, which were planned to launch in February 2023,[24] but had later been postponed.[25] On December 19, 2022, the airline announced that it had received approval from the U.S. Federal Aviation Administration (FAA) to begin operations to the country.[26]

In January 2023, Canada Jetlines halted domestic flights to focus on its foreign travel routes and plane leasing. In June 2024, Eddy Doyle stepped down as CEO. On August 12, 2024, four directors on the board, including chair and CEO Brigitte Goersch, resigned. On August 15, the company paused all operations and said it would seek creditor protection.[27]

Destinations

Canada Jetlines offered flights to the following destinations :[28]

CountryCityAirportStart dateEnd dateNotesclass=unsortable
CanadaCalgaryCalgary International AirportSeptember 22, 2022January 19, 2023[29] [30]
HalifaxHalifax Stanfield International AirportJune 2, 2024Present Seasonal[31]
TorontoToronto Pearson International AirportSeptember 22, 2022Present
VancouverVancouver International AirportDecember 9, 2022January 9, 2023[32] [33]
GuyanaGeorgetownCheddi Jagan International AirportOctober 8, 2023Present[34]
JamaicaMontego BaySangster International AirportDecember 9, 2023Present[35]
MexicoCancúnCancún International AirportMarch 3, 2023Present[36]
United StatesLas VegasHarry Reid International AirportFebruary 16, 2023Present[37]
MiamiMiami International AirportJune 29, 2024Present[38]
OrlandoOrlando International AirportOctober 30, 2023Present[39]

Fleet

, the Canada Jetlines fleet consisted of the following aircraft:

Notes and References

  1. Web site: Leadership Team . Canada Jetlines . 2023-10-06.
  2. Web site: Korstrom . Glen . Canada Jetlines seeks exemption so its foreign investors have more sway . biv.com . Business In Vancouver . 2016-06-14. mdy-all. 2016-07-17.
  3. Web site: Canada Jetlines and Jet Metal Corporation applaud Transport Minister Marc Garneau for approving exemption request that will allow for the launch of Canada's first Ultra Low Cost Carrier (ULCC). November 3, 2016. https://web.archive.org/web/20180707121359/http://m.marketwired.com/press-release/canada-jetlines-jet-metal-corporation-applaud-transport-minister-marc-garneau-approving-tsx-venture-jet-2172575.htm . July 7, 2018.
  4. Web site: Planned Route Map. Canada Jetlines. en-CA. 2017-09-19. mdy-all. September 24, 2017. https://web.archive.org/web/20170924135633/https://jetlines.ca/strategy/planned-route-map/. dead.
  5. Web site: Canada Jetlines Provides Corporate Update. Jetlines. 2018-05-08. 2018-05-13. mdy-all.
  6. Web site: Canada Jetlines finalizes Definitive Lease Agreement for Airbus aircraft. aeronauticsonline.com. en-US. 2018-08-11.
  7. Web site: Canada Jetlines Prepares for Takeoff with Definitive Lease Agreement for Two Airbus A320 Aircraft. Jetlines. 2018-06-13. 2018-08-13. mdy-all. June 13, 2018. https://web.archive.org/web/20180613184313/https://jetlines.ca/2018/06/canada-jetlines-prepares-for-takeoff-with-definitive-lease-agreement-for-two-airbus-a320-aircraft/. dead.
  8. Web site: Jetlines Announces Anticipated Launch Timing. Jetlines. 2019-04-04. 2019-04-08. mdy-all.
  9. Web site: Jetlines anticipated launch timing. Jetlines. 2019-04-03.
  10. Web site: Jetlines C-GCJL .
  11. Web site: 2022-02-28 . New airline touches down at Waterloo Region's airport . 2022-03-01 . Kitchener . en.
  12. Web site: 2022-04-07 . Canada Jetlines to Begin Operations at Toronto Pearson International Airport . 2022-04-12 . . en.
  13. Web site: Canada Jetlines to begin operations at Toronto Pearson . 2022-04-12 . Skies Mag . en-US.
  14. Web site: Jetlines Announces Partnership with Montréal's Saint-Hubert Airport. Canada Jetlines. en-CA. 2019-01-21 . mdy-all.
  15. Web site: Canada Jetlines Reaches Agreements with Puerto Vallarta, Los Cabos, and Cancun Airports. Canada Jetlines. en-CA. 2019-01-21 . mdy-all.
  16. Web site: Canada Jetlines Reaches Agreement with Aerodom for Flights to Dominican Republic Airports. Canada Jetlines. en-CA. 2019-01-21 . mdy-all.
  17. Web site: Canada Jetlines Reaches Agreements with Winnipeg and Kelowna Airports. Jetlines. en-CA. 2019-01-21 . mdy-all.
  18. Web site: Canada Jetlines and Québec City Airport Sign Agreement. Jetlines. en-CA. 2019-01-21 . mdy-all.
  19. Web site: Canada Jetlines schedules mid-August 2022 launch. Liu. Jim. AeroRoutes. July 19, 2022. July 19, 2022.
  20. Web site: Canada Jetlines delays first revenue flights to 29 August. Wolfsteller. Pilar. FlightGlobal. DVV Media Group. August 4, 2022. August 15, 2022.
  21. Web site: The Canadian Press . 2022-09-22 . Canada Jetlines, the latest airline to enter a crowded field, set to take off . 2022-09-23 . CBC News.
  22. News: 2022-09-22 . Canada Jetlines Celebrates Inaugural Flight from Toronto Pearson Airport to Calgary . en . Financial Post . 2022-09-24.
  23. Web site: Canada Jetlines Secures Second Airbus A320, Adds New Route . Hartland . Dave . October 22, 2022 . December 17, 2022. Avgeekery.com.
  24. Canada Jetlines Announces New Service from Toronto Pearson to Melbourne Orlando International Airport. Canada Jetlines. Business Wire. November 10, 2022. November 10, 2022.
  25. Web site: Canada Jetlines becomes second Ontario airline to postpone service at Melbourne airport. Neale. Rick. Florida Today. February 10, 2023. February 13, 2023.
  26. Canada Jetlines Receives Final FAA Approval for U.S. Flight Operations . 2022-12-19 . Canada Jetlines . . en.
  27. News: Reynolds . Christopher . August 15, 2024 . Canada Jetlines grounds flights, halts operations amid financial struggle . August 15, 2024 . . The Canadian Press.
  28. Web site: Canada Jetlines Network. August 28, 2023.
  29. Web site: Hemmerdinger . Jon . Canada Jetlines delays launch to 22 September . 2022-08-26 . 2022-08-29 . . . en.
  30. Web site: CJL121 Flight Tracking and History 19-Jan-2023 (CYYC-CYYZ). FlightAware. March 13, 2023. March 13, 2023.
  31. Web site: CANADA JETLINES ADDS HALIFAX REGULAR SERVICE FROM JUNE 2024. AeroRoutes. February 12, 2024. February 12, 2024.
  32. Canada Jetlines Announces New Route from Toronto Pearson to Vancouver International Airport. Canada Jetlines. Business Wire. October 20, 2022. October 20, 2022.
  33. Web site: AU137 (CJL137) Jetlines Flight Tracking and History 09-Jan-2023 (CYVR-CYYZ). FlightAware. January 9, 2023. November 4, 2023.
  34. Web site: Canada Jetlines Schedules Guyana Launch In Early-Oct 2023. AeroRoutes. October 2, 2023. October 2, 2023.
  35. Web site: Canada Jetlines Adds Toronto – Montego Bay From Nov 2023 . Aeroroutes . 25 August 2023.
  36. Web site: Canada Jetlines Plans Cancun Feb 2023 Launch. Liu. Jim. AeroRoutes. January 29, 2023. January 29, 2023.
  37. Canada Jetlines Announces First International Route from Toronto to Las Vegas. Canada Jetlines. Business Wire. November 8, 2022. November 10, 2022.
  38. Web site: Canada Jetlines to launch Toronto-Miami service from 29 June 2024 . Centre for Aviation . 15 April 2024.
  39. Web site: Jetlines Plans Toronto – Orlando Service in NW23 . Aeroroutes . 17 August 2023.
  40. News: Canada Jetlines, the latest airline to enter a crowded field, set to take off. CBC News. September 22, 2022. September 23, 2022.