Canada Jetlines and Lufthansa Technik Secure Agreement on Repair and Pool Support Contract

Toronto, Ontario–(Newsfile Corp. – November 17, 2021) – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”), the recently launched leisure carrier, has signed a long-term ‘Component and Expendable Parts’ agreement with Lufthansa Technik AG for its proposed A320 fleet. The multi-year agreement covering extensive component services, will support the startup and growth of the airline as it expands its fleet and network.

With this collaboration, Canada Jetlines will benefit from an individual supply concept that enables timely delivery of components and parts required to operate its proposed Airbus A320 fleet. The services covered by the contract are customized to fulfill the requirements of Canada Jetlines’ business model.

An extensive component stock for the fleet has been activated at the LHT facility at Pearson International Airport (YYZ) in Toronto. This comprehensive support plan offers Canada Jetlines flexible options that many competitors don’t have and contributes to the value structure of the airline.

“We have negotiated a strategic partnership with Lufthansa Technik, a world class organization, that will allow Canada Jetlines to deliver value to our customers with safety and efficiency to our operations,” said Brad Warren, Vice President Maintenance Operations at Canada Jetlines. “Lufthansa Technik’s commitment to ensure the highest reliability of components, to have the highest material availability and their continuous drive for improvement, is therefore the perfect match for us. They will provide us with a complete solution for our needs and with the flexibility necessary for a small airline with big growth plans.”

With operations targeted to commence in the spring of 2022, Canada Jetlines aims to provide convenient air travel options for the lowest possible price, offering more travel choices than competitors to coveted sun-destinations and more revenue options for agents and tour operators.

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About Lufthansa Technik Group

With some 35 subsidiaries and affiliates, the Lufthansa Technik Group is one of the leading providers of technical aircraft services in the world. Certified internationally as maintenance, production and design organization, the company has a workforce of more than 22,000 employees. Lufthansa Technik’s portfolio covers the entire range of services for commercial and VIP/special mission aircraft, engines, components and landing gear in the areas of digital fleet support, maintenance, repair, overhaul, modification, completion and conversion as well as the manufacture of innovative cabin products.

About Canada Jetlines

Canada Jetlines is a well-capitalized, value, leisure carrier that intends to utilize a fleet of Airbus320 aircraft to service popular sun destinations targeting a start in the spring of 2022, subject to Canadian Transport Agency and Transport Canada approval. The all-Canadian carrier was developed to provide the Canadian consumer with more choices and more economical options to fly to sun-destinations in the southern US, Caribbean, and Mexico. With a projected growth of 15 aircrafts by 2025, Canada Jetlines aims to offer the best-in-class operating economics, customer comfort and fly-by-wire technology, providing a guest centric experience from the first touchpoint. Canada Jetlines will use a state-of-the-art web booking platform, making the turnkey solution available to tour operators along with consumers, and to generate revenue on reservations and planned ancillary sales. The efficient aircraft design merged with the experience of the management suite allows for affordable flight options without sacrificing quality or convenience.