Canada Jetlines Signs Lease Agreement for its Second A320 Aircraft

October 17, 2022

TORONTO–(BUSINESS WIRE)–Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) the new, all-Canadian, leisure airline, is pleased to announce the signing of a Lease Agreement for its second Airbus A320 aircraft, which will be provided by CCB Leasing, with delivery of the aircraft expected by November 30, 2022.

“The Airbus A320 is a fuel-efficient, narrow-body framework that supports a high-density seat configuration. Canada Jetlines completed its licensing process last August and inaugural flight on September 22, 2022 and will be using the aircraft to expand its network in time for the upcoming winter travel season.”

“I am pleased that we have a definitive agreement for our second aircraft,” stated Canada Jetlines CEO, Eddy Doyle. “The Airbus A320 is a fuel-efficient, narrow-body framework that supports a high-density seat configuration. Canada Jetlines completed its licensing process last August and inaugural flight on September 22, 2022 and will be using the aircraft to expand its network in time for the upcoming winter travel season.”

Kevin Mi, Global Head of Aviation for CCB Leasing, commented, “We are excited about our relationship with Canada Jetlines and the innovative offering which they are bringing to the Canadian aviation market.”

The aircraft is an Airbus A320-200, listed under the manufacturer’s serial number #5995, equipped with two CFM56-5B4/3 engines. The aircraft cabin will be configured with the new Recaro 3530 seats, in-seat USB power, and personal electronic device holder. The airline will also install the Flymingo Box system, which offers an enhanced passenger experience through its wireless inflight entertainment.

Visit Jetlines.com to learn more and book reservations and vacation packages with your preferred travel agent. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

About Canada Jetlines

Canada Jetlines is a leisure focused air carrier, which will utilize a growing fleet of Airbus 320 aircraft to provide Canadians with value vacation choices and convenient travel options. Canada Jetlines will provide exciting vacation packages to iconic Canadian destinations and beyond via strong partnerships with airports, CVB’s, tourism entities, hotels, hospitality brands, and attractions. 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 an elevated guest centric experience from the first touchpoint.

Air Canada reportedly in talks to add Airbus A321s as COVID subsides

From BNN Bloomberg News 🔗 link to source story

Charlotte Ryan, Siddharth Philip and Layan Odeh, Bloomberg News | 23 February 2022

Air Canada is in talks with Airbus SE about adding longer-distance A321neo jets alongside its fleet of Boeing Co. 737 narrowbodies as travel demand rebounds, people with knowledge of the matter said.

The carrier is looking at ordering 10 to 20 aircraft, one of the people said. The negotiations are preliminary and may not lead to a deal, according to the people, who asked not to be named discussing matters that aren’t public.

While Air Canada was an established operator of Airbus’s original A320 family, it chose the Boeing Max in the contest between new-generation planes. Adding a small fleet of A321neos would bring a further boost for an Airbus model that can carry 220 people in two classes over longer distances than the rival Max 10.

Air Canada is also talking with jet lessors about sourcing the A321s, one of the people said.

An Airbus spokeswoman declined to comment on any discussions the company may have with customers. 

Air Canada referenced a Feb. 18 conference call, when Chief Executive Officer Michael Rousseau discussed fleet renewal initiatives as the airline emerges from the pandemic. Last May, the CEO said that Airbus A321LR, or long range, models “potentially have a place in the Air Canada fleet as we go forward.”
 

AIRLINE PIVOTS

Other airlines have also returned to growth mode, looking ahead to fielding newer, less-polluting planes in the post-pandemic era as the drag on demand caused by the coronavirus starts to lift.

Qatar Airways, JetBlue Airways Corp. and Allegiant Travel Co. are among carriers making fresh narrow-body commitments since the start of the year. 

IAG SA, the parent of British Airways, is in advanced talks on a mixed order for dozens of single-aisle jets, including up to 50 Boeing Co. 737 Max and Airbus A320s also being discussed, Reuters reported earlier, citing industry sources. 

The order would be a step down from the 200-plane Max commitment to announced with fanfare at the Paris air show in 2019, yet it would still mark a victory for Boeing after IAG reopened the contest last year. IAG currently operates Airbus narrow-bodies.
 

AIR CANADA PLANS

Air Canada, which said Tuesday it will relaunch 34 international routes, announced last week that it had reinstated a commitment for 12 Airbus A220s, a smaller jet originally designed and built by Canada’s Bombardier Inc. 

The deliveries were canceled in 2020 after the virus stifled demand and Air Canada struggled to secure pandemic aid from the government. The carrier also scaled back its Boeing Max deal by a third to 40, and deferred some of those handovers. 

In November, Air Canada changed course, accelerating Max deliveries and reversing two of the A220 cancellations to restore its network.

As it stands, the fleet comprises around 170 aircraft, including older A320s and a Boeing-dominated wide-body lineup.

The A321, prized by airlines for its combination of capacity and range, is in short supply with yearslong production backlogs. Airbus’s cancellation of a Qatar Airways order amid a contract dispute could free up some capacity, though a London judge has ordered the manufacturer to hold the slots for now.

New Year Prospects: Air Canada’s Fleet In 2022

From Simple Flying – link to source story

by Chris Loh | January 1, 2022

Continuing its slow recovery from the worst of the global health crisis, major Canadian airline Air Canada the growth of its fleet in 2021. Notably, this consisted of the addition of a number of Airbus A220-300s as well as several Boeing 737 MAX 8s. Let’s take a glance at where Air Canada’s fleet stands at the start of 2022.

It appears that Air Canada took delivery of seven Boeing 737 MAX 8 aircraft during the 2nd half of 2021. Photo: Air Canada

Air Canada’s fleet composition at a glance

According to data from Planespotters.net, Air Canada has the following aircraft in its fleet. The quantities are noted alongside the type, with the change from last year’s report (published June 2021) in parentheses.

Aircraft from Airbus*:

• A220-300: 27 (+5)
• A320-200: 17 (-1)
• A321-200: 15 (no change)
• A330-300: 16 (no change)

*We should note that the airline ordered the A220 when it was still known as the Bombardier CSeries.

Aircraft from Boeing:

• 737 MAX 8: 31 (+7)
• 767-300BCF*: 3 (+3)
• 777-200LR: 6 (no change)
• 777-300ER: 18 (-1)
• 787-8: 8 (no change)
• 787-9: 29 (no change)

*One Air Canada 767-300 has completed its conversion from passenger to freighter. The remaining two are in the process of being converted.

It appears that one Boeing 777-300ER left the fleet. Photo: Air Canada

Growing the short and medium-haul fleet

As you can see from the changes since our last Air Canada fleet report, the carrier has gained five Airbus A220-300s and seven Boeing 737 MAX 8s.

As noted previously, there was a little bit of a back-and-forth when the carrier announced it would be canceling some of its orders in November of 2020, which would have seen orders for 12 A220s and 10 737 MAX 8s axed. However, one condition of the Canadian government’s rescue package was that it would proceed with its planned orders for both aircraft types. As a result, the airline has nine 737 MAX 8s and 18 A220-300s still on the way.

The airline continues to grow its A220 and 737 numbers. Photo: Air Canada

Going big on cargo operations

One surprising standout number from our list was the “addition” of three Boeing 767-300s from last year. This change is, again, a bit of a back and forth. During the worst of the crisis, Air Canada had decided to retire its 767s.

However, cargo demand has been soaring amid increased eCommerce activity, decreased transportation capacity, and global supply chain snarls. These factors led the airline to convert its passenger 767s into full freighters, complete with a large door to handle containers on the main deck. Work was, and continues to be, done at IAI facilities in Tel Aviv.

Today, our first converted @Boeing 767-300ER freighter will touch down in Canada, marking the start of a new chapter for Air Canada Cargo. Learn more about our long history of transporting goods around the world and watch our freighter’s conversion here: https://t.co/XDCHJrPs1M pic.twitter.com/GzDoaQDzJi

— Air Canada (@AirCanada) December 5, 2021

It’s not just 767s and the bellies of passenger aircraft being used for cargo operations. At the time of this article’s publication, the carrier has four of its 16 A330-300s and seven of its 18 Boeing 777-300ERs operating as “preighters” (passenger freighters). These are passenger aircraft which have had their seats removed in order to accommodate freight. Making use of the fleet’s younger jets for reasons unknown, the airline was able to provide additional cargo capacity to Canada’s west coast, which had its main road and rail supply lines cut off from the rest of the country in November, due to extreme and extensive flooding.

Canada Jetlines Receives First A320-200 Aircraft from Jackson Square Aviation

TORONTO, ON, Dec. 27, 2021 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) is thrilled to announce the delivery of its first A320-200 aircraft from Jackson Square Aviation, a leading global commercial aircraft lessor, offering customized fleet solutions and proactive services. With a projected growth of 15 aircrafts by 2025, Canada Jetlines aims to offer the best-in-class operating economics, efficient aircraft design, and accessible flight options without sacrificing quality or convenience. 

The newly established all-Canadian carrier will provide convenient air travel options offering more value and travel choices than competitors to coveted sun-destinations, with launch slated for Spring of 2022.

“This is a milestone day for our team as we get to witness the inception of our branded fleet, with the delivery of our first aircraft,” shared Brad Warren, VP Maintenance Operations for Canada Jetlines. “We have collectively been building towards this moment and we couldn’t be happier to partner with Jackson Square Aviation as we prepare for take-off early next year.”

“We are excited to be a part of Canada Jetlines journey to launch operations as Canada’s newest charter airline, and are delighted to welcome the airline as our newest customer,” said John Yanney, JSA Head of Americas Marketing & OEM Relations. He added, “We look forward to developing a long-term partnership with Canada Jetlines as the airline begins to flourish and build upon its future successes as they commence flying in 2022.”

Please visit www.jetlines.com to sign up for email updates and follow on all social media platforms to join the Jetlines family.

About Canada Jetlines
Canada Jetlines is a well-capitalized leisure focused carrier, utilizing a growing fleet of Airbus320 aircraft starting in early 2022, subject to Transport Canada approval. The carrier was created to provide Canadian consumers with more value choices and travel options to fly to coveted sun and leisure destinations in the U.S., 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 an elevated guest centric experience from the first touchpoint. The efficient aircraft design merged with the experience of the all-Canadian management team, allows for accessible flight options without sacrificing quality or convenience. The carrier will use a state-of-the-art web booking platform, making the turnkey solution available to Travel Agents, Tour Operators, and consumers, with the capability of generating revenue on reservations and ancillary sales. We aim to provide more revenue opportunities to express our gratitude to current and future agent partners and all the work that they do. We look forward to working with you to create memorable travel experiences for consumers. To learn more, please visit www.jetlines.com and follow on all social media platforms for news and updates.  

All Airbus: Air Canada Rouge Goes Full Narrowbody

From Simply Flying – link to source story – Thanks CW

by James Pearson | September 20, 2021

Air Canada Rouge, the lower-cost subsidiary and leisure airline of the Canadian flag carrier, took to the skies again in September. With the B767-300ER gone, its 39-strong fleet is now exclusively Airbus. They’re used on 60 routes until the end of the year as it rebuilds its network.

The A321 is crucial to Air Canada Rouge, with this example delivered directly to the carrier in 2015. Photo: Liam Allport via Flickr.

Air Canada Rouge has resumed flying

Air Canada Rouge relaunched with an initial three routes from Toronto: Las Vegas, Orlando, and Regina, in the distant province of Saskatchewan. These were joined by Toronto to Cancun and Tampa a few days later, with all five routes using 200-seat A321ceos.

These were its first flights since February, with the seven-month grounding due to Canada’s non-essential travel ban and the suspension of all flights to the Caribbean and Mexico – two of its essential markets – at the request of the Canadian government. Rouge’s resumption coincided with Canada reopening its borders on September 7th to fully vaccinated foreigners.

Most international routes are by the A321 with stronger economics than the A319/A320. Remember, it is a lower-cost airline, i.e. about the cost of production rather than fares. Photo: Air Canada.

Now exclusively Airbus

Rouge’s fleet is now entirely narrowbody, ch-aviation.com shows, with 20 A319s, 14 A321s, and just five A320s. This follows the retirement of its B767-300ERs, of which it had 25 at one point.

Its 767s were, of course, mainly used long-haul, including across Europe and South America, and the type’s routes had an average of 2,378 miles, OAG indicates. At 5,063 miles, Toronto-Athens was its longest-ever 767 route, but Toronto to Las Vegas had the most flights.

Air Canada Rouge has 20 A319s, with an average age of 23.5 years. Photo: Air Canada.

Currently, five aircraft are active

According to Planespotters.net and confirmed by Flightradar24, only five of its 39-strong fleet – some 13% – is currently active, all A321s. Its A321 fleet has an average age of just 6.1 years, far younger than its A319s (23.5 years; to be retired) and A320s (14.2 years). The younger A321s were delivered directly to Air Canada Rouge.

No widebodies go hand-in-hand with Rouge previously saying that it’ll concentrate on routes within narrowbody range. Air Canada will instead operate suitably good-performing long-haul routes – many have already switched – in a rejigging of networks and focusing on relative strengths.

One of many examples is Toronto to Edinburgh, which was by Rouge’s 767s and from 2022 will instead be by its parent’s Boeing 737 MAX 8s from June 1st. It’ll compete directly with WestJet. Another: Toronto to Bogota, in Rouge’s hands from 2016, is now by Air Canada’s B787s and A330-300s.

Air Canada Rouge had up to 25 B767-300ERs. Photo: Tomás Del Coro via Flickr.

What’s the plan to the end of the year?

Between September 20th and December 31st, Rouge has scheduled 60 routes. Thirty-nine of these are to/from Toronto, with most of the rest from Montreal. With over 2,700 outbound flights planned, the domestic market has almost four in ten departures, comprising eight routes from Toronto.

This is Air Canada Rouge’s network between September 20th and December 31st. Image: OAG Mapper.

Toronto to Québec City has the most flights

Some 13 international countries will welcome Rouge’s flights, with the US the most-served, followed by Cuba, Mexico, Dominican Republic, and the Cayman Islands. Toronto to Miami has the most international flights, as shown below, although the 456-mile domestic link from Toronto to Québec City (YQB) is the most-served, with 28 weekly departures from November.

1. Toronto-Québec City
2. Toronto-Moncton
3. Toronto-Thunder Bay
4. Toronto-Miami
5. Toronto-Las Vegas
6. Toronto-Tampa
7. Toronto-Fort Myers
8. Toronto-Fredericton
9. Montreal-Orlando
10. Montreal-Miami

Air Canada’s Fleet In 2021

From Simple Flying – link to source story

• byChris Loh
• June 12, 2021
• 3 minute read

As Canada’s largest airline, Air Canada has a diverse fleet based across its four hub airports. The network airline has a mix of both widebody and narrowbody aircraft coming from both Airbus and Boeing. The carrier has gone through some changes in the past few years, with more significant upheaval taking place during the global health crisis. Let’s take a look at Air Canada’s fleet as it stands in 2021.

The Boeing 787 is Air Canada’s flagship aircraft. Photo: Air Canada

Air Canada’s fleet composition

According to data from Planespotters.net, Air Canada has the following aircraft in its fleet. The quantities are noted in parentheses.

Aircraft from Airbus*:

• A220-300 (22)
• A320 (18)
• A321 (15)
• A330-300 (16)

*We should note that the airline ordered the A220 when it was still known as the Bombardier CSeries.

Aircraft from Boeing:

• 737 MAX 8 (24)
• 777-200LR (6)
• 777-300ER (19)
• 787-8 (8)
• 787-9 (29)

The average age of Air Canada’s A330-300s is 16 years. Photo: Air Canada

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Outside of regular passenger service

There are aircraft within the Air Canada fleet that are outside of the airline’s passenger operations.

Notably, we have the airline’s private/charter subbrand, Air Canada Jetz. This sub-group consists of four Airbus A319s. This fleet traditionally consisted of three A319s, but it appears a fourth was added in December 2020.

Used to transport touring musicians, sports teams, or private groups, these aircraft have an all-business configuration of 58 seats. With the exception of a short pandemic run, these aircraft tend to stay out of Air Canada’s regular passenger operations.

The Jetz jets flew an all-business-class service during the Winter of 2020 but are typically reserved for special charter operations. Photo: Ken Fielding via Wikimedia Commons 

As we will mention further in this article, Air Canada retired its 767s at the start of the health crisis. However, some of these are slated for a full conversion to freighters. The airline says that two freighters are expected to be in service in time for this year’s fourth-quarter peak airfreight season.

With seven 767s on the list for conversion, it looks like the remaining five will be converted next year, in 2022. This was confirmed by the carrier’s current Chief Financial Officer and future Chief Executive during the earnings call in which Simple Flying attended:

“We’d love to have all seven up and operating by the end of next year. These are typically little bit of a longer process and slots are not really available, but we are certainly working on having all seven up and running by Q4 of next year.” – Michael Rousseau, Chief Executive Officer, Air Canada

Coming and going

On the outgoing side of things, it was in May 2020 that Air Canada announced the early retirement of 79 aircraft. 

Retirements included five 767-300ERs, 16 A319s, and 14 E190s in the mainline fleet. Another 25 767-300ERs and 22 A319s that made up Air Canada Rouge were also retired.

Air Canada took delivery of its first A220 back in January 2020. Photo: Air Canada

Looking at future aircraft, Air Canada has a decent number of Boeing 737 MAX 8s and Airbus A220-300s yet to be delivered. There was a little bit of a back-and-forth when the carrier announced it would be canceling some of its orders last November. The plan would have seen the airline cancel orders for 12 A220s and 10 737 MAX 8s.

However, one condition of the carrier’s government rescue package was that it would proceed with its planned orders for both aircraft types. As it stands, 16 737 MAX 8s and 23 A220-300s are still on the way.

As you can see from the list of aircraft, Air Canada has a fairly diverse fleet- which is quite typical of a large network carrier that operates both short-haul and intercontinental service.

Ignition risk spurs order to replace older A320s’ fuel pumps

From Flight Global – link to source story

By David Kaminski-Morrow | 23 April 2021

Operators of older Airbus A320-family jets are being urgently ordered to replace certain fuel-pump components over concerns about potential ignition sources.

As a result of a quality inspection, says the European Union Aviation Safety Agency, the locking key of the impeller drive shaft was found to be loose in a cavity beneath the impeller.

EASA says that, if the pump was operated while not fully-immersed in fuel, it could pose an ignition risk within the fuel tank – potentially resulting in an explosion.

It has published an emergency directive prohibiting particular maintenance-related actions which would involve using the pumps – such as engine ground runs, fuel transfer, or taxiing – until the parts are replaced.

EASA says the replacement of parts must take place within 10 days or 50 cycles.

It says the directive only affects A320-family aircraft manufactured after 30 June 2015, as long as no relevant affected part has since been fitted.

Source: Airbus

Engine failure on Air Canada flight leads to emergency landing at YVR

News provided by Vancouver Sun – link to full story

Flight AC 538 departed Vancouver International Airport at 1:10 p.m. Sunday and was scheduled to make a three-hour flight to Anchorage, according to flight records.

STEPHANIE IP & DAVID CARRIGG, Vancouver Sun – Updated: June 23, 2019

An Air Canada flight bound for Anchorage, Alaska on Sunday was delayed when it made an emergency landing in Vancouver. FRANCIS GEORGIAN / PNG

An Air Canada flight bound from Vancouver to Anchorage, Alaska, returned mid-flight on Sunday after an engine loss.

Flight AC 538 departed Vancouver International Airport at 1:10 p.m. Sunday and was scheduled to make a three-hour flight to Anchorage, according to flight records.

Just over halfway into the trip, the flight turned around and requested an emergency landing at YVR.

YVR spokeswoman Andrea Pham confirmed the flight landed safely.

In a prepared statement, Air Canada said the flight had 112 passengers and had returned to Vancouver after an engine shutdown.

“Aircraft are designed to fly on one engine and our pilots are trained for such situations,” the airline said.

Flight Aware shows that the plane, an A320 aircraft, touched down around 3:06 p.m. in Vancouver.

sip@postmedia.com

Air Canada prepares rouge subsidiary for ULCC competition

From Air Transport World – 9 August 2018 – Sean Broderick

As the Canadian ULCC market heats up, Air Canada said it is prepared to leverage the significant flexibility of its rouge subsidiary to ward off competition, from adding flights in major domestic markets to re-configuring aircraft to match rivals’ all-economy offerings.

“We have been preparing to ensure that we have all the tools necessary to offset [low-cost competition] and ensure that we are not negatively impacted,” Air Canada passenger airlines president Ben Smith said.

Set up five years ago as a leisure-destination operation, rouge’s network is heavily transborder and international, with only a handful of year-round and seasonal routes within Canada. None of them link any of the country’s six largest metropolitan areas—Toronto, Montreal, Vancouver, Calgary, Ottawa and Edmonton—part of the carrier’s strategy to preserve mainline margins.

Calgary-based WestJet and its ULCC subsidiary Swoop are following a similar network strategy, but unlike rouge’s two-class aircraft, Swoop operates 189-seat all-economy Boeing 737-800s.

Fast-growing ULCC Flair Airlines is taking the strategy a step further, operating single-class, 158-seat 737-400s on popular domestic routes such as Toronto-Calgary and Vancouver-Calgary. The Edmonton-based carrier’s recent announcement to move its Hamilton services to Toronto will make it even more prominent, and it plans to follow rouge and Swoop into transborder services.

While Montreal-based Air Canada set up rouge as a hybrid low-cost leisure carrier, the company has flexibility to transform its subsidiary to meet market needs, thanks in part to a 2017 amendment to its pilot agreement. The deal lifted Rouge’s fleet-size cap of 50—25 widebodies and 25 narrowbodies—by permitting more narrowbodies based on Air Canada’s mainline operation and permits rouge aircraft to replace regional feeder flying.

Air Canada is already taking advantage of the narrowbody cap’s removal. Its 53-aircraft fleet includes 22 Airbus A319s and six A321s, and it plans to add three A320s next year. It also is evaluating its rouge deployment strategy in light of shifting market dynamics.

“We have not deployed one of our options, which is rouge on any of the major markets. We can do that,” Smith said. “We can also modify the rouge model …. We can densify the rouge aircraft to bring down the CASM. So, a lot of flexibility.”

Usage of the A320s will be determined by the best opportunities. While the strategy could change, Smith said three options are being considered: adding domestic capacity, flying attractive “southern” routes to Florida, Mexico, and the Caribbean, or replacing regional-feeder flying.

“We’re quite pleased with the position we’re in,” he said.

Sean Broderick, sean.broderick@aviationweek.com

Canada Jetlines Prepares for Takeoff with Definitive Lease Agreement for Two Airbus A320 Aircraft

VANCOUVER, BRITISH COLUMBIA, Canada Jetlines Ltd. is pleased to announce that it has partnered with AerCap, a global leader in aircraft leasing and aviation finance, and has signed a Definitive Lease Agreement for two Airbus A320 aircraft, effective June 12, 2018. Delivery of the two aircraft is expected by the first half of 2019.

AerCap is the world’s largest independent aircraft leasing company with a well-diversified portfolio of high-quality aircraft. They provide aircraft to a global network of approximately 200 airline customers in approximately 80 countries and is recognized as the most active aircraft trader globally. AerCap’s President & Chief Commercial Officer, Philip Scruggs commented, “We are very pleased to welcome our new customer airline, Jetlines, and particularly pleased to play a role in the start-up of their new operations. We wish the board and management team every success and we look forward to working with the Jetlines team as they begin operations.”

Incoming CEO Lukas Johnson stated, “AerCap has a proven reputation of leasing high-quality aircraft and we look forward to continuing to build a positive relationship with them. Through my experience with Airbus, I believe that these planes are the right aircraft to commence operations with. The majority of ultra-low cost carriers worldwide operate with the Airbus A320 fleet based on its fuel-efficient narrow-body framework that supports a high-density seat configuration.”

The two committed Airbus A320’s are sister aircraft, having virtually identical conformity in design, features, and equipment, allowing Jetlines to expedite the necessary training and maintenance processes to commence operations at an earlier date. The sister aircraft are 12 years old.

Executive Chairman Mark Morabito stated, “Our operations team has worked diligently on securing quality aircraft, carrying out a meticulous vetting process to ensure that the aircraft are fit for Jetlines and our future passengers.” Mr. Morabito continued, “I am pleased to report that we are now positioned to carry out the remainder of work to complete our licencing process and that we are continuing to advance our financing initiatives, personnel recruitment, and airport agreements.”

The pre-existing purchase agreement with Boeing for the 737-MAX’s for delivery in 2023 remains in place. Jetlines plans to use the Airbus planes to support its start-up operations and is not limited from securing a Boeing fleet in future, should the Company decide to do so.