Jetlines Provides Operations Update

Provided by Canada Jetlines Ltd./Globe Newswire

VANCOUVER, British Columbia, Oct. 08, 2019 (GLOBE NEWSWIRE) — Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to provide a further update on its advancement of operations and corporate matters.

Jetlines recently signed a 7-year agreement with Jeppesen to supply the Enroute, Approach Navigation Charts and Airway Manuals. This information is delivered to each pilot’s Electronic Flight Bags digitally by Jeppesen FliteDeck Pro, the industry’s leading navigation app. Jeppesen is a market leader and has been providing accurate navigation information for more than 80 years.

The Company also commenced talent-based hiring assessments for Pilots, Flight Attendants and other Leadership Positions in the beginning of September. These specifically designed and broadly used Gallup assessments will evaluate and identify the individuals to be invited to personal interviews once Jetlines enters into that phase of the hiring process. Jetlines intends to employ the Gallup processes to help it build an exceptional workplace, focusing on talent, mission-driven work, world-class managers and strengths-based development.

Gallup is a global analytics and advice firm that helps leaders and organizations solve their most pressing problems – they have more data and insights on the attitudes and behaviors of employees, customers, students and citizens than any other organization in the world.

The Company also announces that it has agreed to settle debts owing to arm’s length third party (the “Creditors”) through the issuance of common and variable voting shares of the Company (the “Debt Settlements”). Pursuant to the Debt Settlement, the Company would issue 738,094 common and variable voting shares of the Company (the “Shares”). The issuance of the Shares to the Creditors is subject to the approval of the TSX Venture Exchange. All securities issued will be subject to a four month hold period which will expire on the date that is four months and one day from the date of issue.