Canada Jetlines Selects NAVBLUE Suite of Aviation Solutions to Improve Toronto Based Flight Operations

TORONTO, ON, December 2, 2021 Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) is pleased to announce the signing of a multi-year agreement with NAVBLUE, designed to incorporate dynamic aviation solutions into their flight operations. These solutions will provide immediate efficiencies, reducing aircraft operating costs, and environmental impact to the minimum for the new Canadian carrier.

NAVBLUE’s implemented solutions would include a suite of integrated programs, allowing for all-encompassing customization of an array of aviation products, such as, N-Flight Planning, N-Tracking, Navigation+, Charts+, Flysmart+, EFB Management, Hosted Gateaway, FDA Services, AODB. This collaboration will continue to build upon Canada Jetlines’ ability to offer convenient air travel options for the best value possible.

“As an Airbus operator, it made sense for us to first consider the services offered by NAVBLUE to help Canada Jetlines develop and achieve the highest level of safety and operational efficiency,” stated Eddy Doyle, President & CEO of Canada Jetlines. “This contract allows Canada Jetlines to further develop its relationship with Airbus through its NAVBLUE subsidiary. We look forward to the continued growth of this alliance and are grateful for the support from NAVBLUE.”

“At NAVBLUE we are excited to welcome Canada Jetlines as a new customer and partner,” shared Thomas Lagaillarde, Vice President Product Portfolio & Programmes at NAVBLUE. “We believe our solutions will allow for seamless growth for the airline and we will be sure to assist them at every stage of development to ensure maximum benefit of services from our suite.”

With operations targeted to commence in the spring of 2022, the airline will provide convenient travel options, offering more destination choices than competitors and more revenue options for Travel Agents and Tour Operators. Canada Jetlines looks forward to providing further incentive to reward the dedicated Travel Agents and Tour Operators that continue to keep the momentum of travel alive. Please visit www.jetlines.com to learn more and to sign up for emails and follow on all social media platforms for news and updates.

About NAVBLUE
NAVBLUE is an Airbus Services company, wholly owned by Airbus, and dedicated to Flight Operations & Air Traffic Management Solutions.  NAVBLUE provides digital solutions and services, and supports both civil and military environments, on the ground and onboard any aircraft and offers expertise in a range of areas, including digital cockpit operations, Operations Control Centre (OCC) systems, Flight Ops Engineering, Performance Based Navigation (PBN) and Air Traffic Management (ATM). NAVBLUE employs 480 employees spread across Canada, USA, UK, France, and Thailand, with representatives in several other countries across the globe.

About Canada Jetlines 
Canada Jetlines is a 100% equity financed and well capitalized leisure carrier, which will utilize a growing fleet of Airbus 320 aircraft targeting a start in early 2022, subject to Canadian Transport Agency and 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 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. The efficient aircraft design merged with the experience of the all-Canadian management team, allows for accessible flight options without sacrificing quality or convenience. To learn more, please visit www.jetlines.com and follow on all social media platforms for news and updates. 

Calgary business leaders back airline startup Canada Jetlines

From Calgary Herald – link to source story

A pair of Calgary backers are looking to bring discount, destination travel routes to Calgary through a new Ontario-based airline company

Dylan Short | November 21, 2021

An artist's rendering of Boeing 737 MAX 7 in flight with Canada Jetlines livery.
An artist’s rendering of Boeing 737 MAX 7 in flight with Canada Jetlines livery. PHOTO BY HANDOUT/ CANADA JETLINES

Two Calgary backers are looking to bring discount, destination travel routes to Calgary through a new Ontario-based airline company.

Canada Jetlines is set to become Canada’s newest budget travel company when it launches its first sunshine routes in 2022. The airline is billing itself as a cheap alternative to fly south with its first flight scheduled to leave from Toronto in 2022.

On the management team are two Calgary backers. David Kruschell has started and worked with a number of entrepreneurial startups in Calgary’s travel industry. He said Canada Jetlines is set to offer competition to the major players in the field, WestJet and Air Canada, and offer competitive fares on underserved routes.

“I have a huge respect for the WestJet model and everything that has been done over the years to make it into what it is today,” said Kruschell. “Having said that, you know, I feel like Jetlines is a real focus niche player that is going to provide real travel opportunities for Canadians.”

Kruschell said that after the company becomes established in Ontario, he expects to see flights out of Calgary’s YYC airport by late 2022 or early 2023. He said the company is looking at what routes and destinations are currently underserved and where passengers will want to go, but he expects Jetlines to offer flights to Mexico, the Caribbean and possibly some southern U.S. states.

“We’re gonna really look hard at what some of those best destinations are and where we’re best equipped,” said Kruschell.

Canada Jetlines’ website calls the company the “little guy” that was originally developed as a charter airline to get to sunny destinations in the U.S., Mexico and the Caribbean on a smaller budget. The company announced in July that it was looking to list on the market under a $5-million private placement. Once it receives approval from the Canadian Travel Agency, it will begin operations as a tour operator.

Jetlines is planning to build a fleet of Airbus A320s as its standard plane.

Also on the board is Ravinder Minhas, founder of Calgary’s Minhas Micro Brewery. He said he will be pushing to ensure Calgary is included in any Jetline expansions out of Ontario.

Minhas is new to the airline business after establishing himself in the oil and gas and brewing sectors in Alberta. He said coming out of the COVID-19 pandemic, with public health restrictions easing around the world and borders beginning to reopen, is the perfect time to enter into a travel-related business.

“If it was easy and everybody had a crystal ball, everybody would do it. But having said that . . . I think we recognize there’s an appetite for travel,” said Minhas. “We recognize that opportunities for aircraft are good, good deals, and coming out of the pandemic gives a new player like us an opportunity.”

Ravinder Minhas, co-founder and CEO Minhas Breweries & Distillery, is shown in Calgary on Thursday, January 18, 2018.
Ravinder Minhas, co-founder and CEO Minhas Breweries & Distillery, is shown in Calgary on Thursday, January 18, 2018. PHOTO BY JIM WELLS/POSTMEDIA

Minhas and Kruschell both said added competition in the market is a good thing for customers, giving them more options. Minhas said that when he began his brewing company, he was told that the market was saturated and that he sees parallels between the big players in beer and the big Canadian airlines.

“Typically, their crumbs are my dinner and I don’t think that’d be any different from the aviation space,” said Minhas. “I think it’s fair to say that there’s room for more in the Canadian aviation space for sure.”

Also entering the discount airline market is Lynx Air. The Calgary-based airline announced on Tuesday they intend to have “ultra-affordable” flights beginning in 2022. Lynx Air, however, is planning to start with domestic flights before expanding into the United States and eventually into international markets.

Lynx Air said it plans to follow models in the U.S. and in Europe, and will offer a la carte booking that allows customers flexibility to book different services, such as no baggage or premium seating, for differing costs.

Canada Jetlines Receives Exemption Order From B.C. Securities Commission

Vancouver, British Columbia–(Newsfile Corp. – November 18, 2021) – Canada Jetlines Operations Ltd. (NEO: CJET) (“Jetlines” or the “Company”), is pleased to announce that it has received an exemption from the British Columbia Securities Commission, and other securities regulatory authorities, that will allow the Company’s variable voting shares and common voting shares to be treated as a single class for the purposes of applicable take-over bid requirements and early warning reporting requirements contained under Canadian securities laws.

Pursuant to an application by the Company, the securities regulatory authorities in each of the provinces and territories of Canada (except for Quebec and Nunavut where the Company is not a reporting issuer) granted exemptive relief (the “Decision”) from:

Applicable formal take-over bid requirements, as contained under Canadian securities laws, such that those requirements would only apply to an offer to acquire 20 per cent or more of the outstanding common voting shares and variable voting shares of the Company on a combined basis;

Applicable early warning report requirements, as contained under Canadian securities laws, such that those requirements would only apply to an acquirer who acquires or holds beneficial ownership of, or control or direction over, 10 per cent or more of the outstanding common voting shares and variable voting shares of the Company on a combined basis; and

Applicable requirement to issue and file a news release in respect of acquisitions during a take-over bid, such that those requirements would only apply to an acquirer who acquires or holds beneficial ownership of, or control or direction over, five percent or more of the outstanding common voting shares and variable voting shares of the Company on a combined basis.

Without the exemptive relief, shareholders were subject to these requirements based on the number of shares outstanding solely of the class held by the shareholder. This is a number that can vary without notice due to automatic conversions, which is in some respects not indicative of the shareholder’s real ownership value. Absent the Decision, it would have been more difficult for investors to acquire shares in the ordinary course without the apprehension of inadvertently triggering the take-over bid rules or early warning requirements.

Please visit http://www.jetlines.ca to learn more and to sign up for emails and follow on all social media platforms for news and updates.

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.

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.

Please visit jetlines.ca to learn more and to sign up for emails and follow on all social media platforms for news and updates.

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.

Canada Jetlines Announces Listing on Canadian NEO Exchange (NEO: CJET)

Toronto, Ontario–(Newsfile Corp. – October 12, 2021) – Canada Jetlines Operations Ltd. (the “Company” or “Jetlines”) is pleased to announce that the Neo Exchange Inc. (“NEO Exchange”) has granted final approval of the Company’s listing application and that the common and variable voting shares of Jetlines will commence trading on the NEO Exchange as of 9:30am ET on October 13, 2021, under the symbol “CJET”.

Eddy Doyle, CEO of Jetlines stated, “this is an important milestone for Jetlines. After thoroughly reviewing all of the potential options to list in Canada, we are convinced that listing on the NEO, a senior stock exchange, best raises our profile among retail and institutional investors and provides a platform from which to expand our shareholder base as we execute our growth and value creation plans.”

About Canada Jetlines

Canada Jetlines is a 100% equity financed and well capitalized low-cost tour and charter leisure carrier that will utilize a growing fleet of Airbus 320 aircraft to service popular sun destinations starting in early 2022, subject to Canadian Transport Agency and Transport Canada approval.

For more information about everything Canada Jetlines, please visit http://www.jetlines.ca.

About the Neo Exchange Inc.

The Neo Exchange Inc. is Canada’s Tier 1 stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO lists companies and investment products seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.

Canada Jetlines Announces Leadership Team Additions

TORONTO, ONTARIO, July 22, 2021 – Canada Jetlines Operations Ltd. (the “Company” or “Jetlines”) is pleased to announce the following appointments to its senior leadership team.

Duncan Bureau joins the organization as Chief Commercial Officer. Duncan is a co-founder of the LorEau Group based in Abu Dhabi and joined Jetlines as of July 01, 2021. He will be tasked with building the various commercial platforms and distribution network for the company. In his most recent role, Duncan was Senior Vice President Sales & Distribution at Etihad. Prior to Etihad, Duncan served as Vice President Sales & Distribution for Westjet Airlines, Senior Vice President Sales & Distribution for Malaysia Airlines, Global Vice President Sales & Distribution for Air Canada, and President of Air Canada Rouge.

Anup Anand joins the Jetlines management team as Director of Cabin Safety and In-Flight. Most recently, as Managing Director In-Flight Service at Air Canada, Anup was responsible for more than 8500 cabin crew. Anup brings more than 27 years of aviation leadership experience.

“As we build out the Jetlines organization, I am excited by the prospect of having such high caliber professionals join our company. Their extensive experience and industry knowledge will be instrumental in building out our go to market strategy and creating our low-cost airline model.” says Eddy Doyle, CEO of Jetlines. “Canadians can look forward to new alternatives for vacation flights as we look at initially serving South Florida, the Caribbean, and Mexican markets,” added Doyle.

About Canada Jetlines

Canada Jetlines is a Canadian Low Cost Carrier that intends to begin operations, pending CTA approval, as a Tour Operator with flights into popular sun destinations in the USA and Mexico. Canada Jetlines intends to operate a very efficient fleet of Airbus A320 aircraft providing safe, reliable, friendly, and consistent service to Canadians.

Global Crossing Airlines Announces Final Order for Spin-Out of Canada Jetlines and Provides Details on Ex-Dividend Trading

Miami, Florida–(Newsfile Corp. – June 18, 2021) – Global Crossing Airlines Group Inc. (TSXV: JET) (OTCQB: JETMF) (the “Company” or “GlobalX”) is pleased to announce the receipt of the Final Order from the Supreme Court of British Columbia (the “Interim Order”) in connection with their previously announced plan of arrangement (the “Arrangement”) pursuant to which GlobalX will spin-out the shares of its wholly-owned subsidiary Canada Jetlines Operations Ltd. (“Jetlines”) to its shareholders.

Each shareholder of GlobalX, as of the record date for the Arrangement (“Record Date”), will receive one share of Jetlines for every two shares of GlobalX held on the Record Date. The dividend is payable on both GlobalX’s Common Stock and Class A Common Stock. After distribution GlobalX will retain 25% of Jetlines shares, with 75% held by GlobalX shareholders as of the Record Date. GlobalX previously announced that the Record Date will be Thursday, June 24, 2021. The effective date of the Arrangement is expected to be June 28, 2021, with Jetlines shares distributed to GlobalX’s shareholders on or about July 2, 2021.

The Jetlines shares will be distributed to GlobalX’s shareholders by way of dividend. GlobalX’s shares will commence trading on an ex-dividend basis on the TSX Venture Exchange at the open of trading on June 23, 2021. This means that in order to be entitled to receive a dividend of shares of Jetlines, a shareholder must be a holder or GlobalX shares as of June 22, 2021. No additional action is required by shareholders in order to receive Jetlines shares and GlobalX stockholders will retain any certificates or direct registration statements representing their GlobalX shares.

On the closing of the Arrangement, Jetlines and GlobalX will be operated as separate companies with separate management teams and Boards of Directors. For further details on the Arrangement and the business of Jetlines following the Arrangement, please refer to the Information Notice that is available on SEDAR at http://www.sedar.com.

Canada Jetlines Founding Director Ravinder Minhas on CBC’s The National

“We’re able to get airplanes at one heck of a price. Where it looks like things are down, that’s the best time to get in.”

May 26, 2021

Global Crossing Airlines has announced details of its intention to spin-out Canada Jetlines to its shareholders.  If you are a GlobalX shareholder on the record date of June 24th this year, you will receive one  share in Canada Jetlines for every two shares you own in GlobalX.  This is a rare opportunity to have stock in two separate airlines by owning GlobalX before the record date.

Investors may remember that the past version of Canada Jetlines was looking to raise more than $50 million to become Canada’s first scheduled ULCC (Ultra-Low Cost Carrier) but after exhaustive efforts it was never able to get off the ground.

Fast forward to today, Canada Jetlines as a charter airline is looking to capitalize on the opportunity to get aircraft at a significant discount due to the COVID pandemic.  Jetlines is poised to become a sun destination airline for Canadians to take advantage of with an expected travel surge when restrictions are finally lifted.

Serial Canadian entrepreneur Ravinder Minhas recently joined the Canada Jetlines board of directors and was interviewed by CBC stating  “People go, “Whoa. What are you doing? Are you nuts?”  Yet Mr. Minhas believes that there has never been a better time to launch an airline in Canada.  “We’re able to get airplanes at one heck of a price.  Where it looks like things are down, that’s the best time to get in.”

In June 2020, GlobalX airlines took over the shell of the past Canada Jetlines (TSX-V: JET) and started trading on the TSX-V after closing a $1.5 million $0.25 USD unit financing. Shares briefly ran to $3.30 and as of this writing now sit at just over $2.00 as the airline finishes its FAA certification.  GlobalX is a US based airline that will operate charter and cargo flights and will operate independent of Canada Jetlines which will be looking to finance its start-up likely commencing in June.

The CBC video can be viewed by clicking here.

The CBC News article can be read here.

Global Crossing Airlines Announces Interim Order for Spin-Out of Canada Jetlines

MIAMI, FL.May 25, 2021 – Global Crossing Airlines Group Inc. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to announce the receipt of an Interim Order from the Supreme Court of British Columbia (the “Interim Order“) in connection with their previously announced plan of arrangement (the “Arrangement“) pursuant to which GlobalX will spin-out the shares of its wholly-owned subsidiary Canada Jetlines Operations Ltd. (“Jetlines”) to its shareholders. Having obtained the Interim Order, GlobalX has posted an Information Notice on SEDAR at www.sedar.com that contains all of the details regarding the Arrangement.

Each shareholder of GlobalX, as of the record date for the Arrangement (“Record Date”), will receive one share of Jetlines for every two shares of GlobalX held on the Record Date. After distribution GlobalX will retain 25% of Jetlines shares, with 75% held by GlobalX shareholders as of the Record Date. GlobalX has determined that, subject to receipt of final approval from the Supreme Court of British Columbia the Record Date will be Thursday, June 24, 2021.

On the closing of the Arrangement, Jetlines and GlobalX will be operated as separate companies with separate management teams and Boards of Directors. For further details on the Arrangement and the business of Jetlines following the Arrangement, please refer to the Information Notice.

About Global Crossing Airlines Group

GlobalX is a US 121 domestic flag and supplemental airline now in FAA certification using the Airbus A320 family aircraft. GlobalX has taken delivery of one A320 and one A321 aircraft as it prepares for revenue operations. Subject to FAA and DOT approvals, GlobalX intends to fly as an ACMI and wet lease charter airline serving the US, Caribbean and Latin American markets.  For more information please visit www.globalxair.com.

About Canada Jetlines

Canada Jetlines is a Canadian Low Cost Carrier that intends to begin operations, pending CTA approval, as a Tour Operator with flights into popular sun destinations in the USA and Mexico. Canada Jetlines intends to operate a very efficient fleet of Airbus A320 Aircraft providing safe, reliable, friendly, and consistent service to Canadians.

For more information about everything Canada Jetlines, please visit www.jetlines.ca.

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Betting on better days: Airlines launch in anticipation of travel boom

From CBC News – link to source story

Dozens of airlines say now is the time to start flying

Peter Armstrong · CBC News · May 21, 2021

Planes have spent much of the last year parked due to the COVID-19 pandemic. Now, as public health restrictions lift and more people get vaccinated, travellers and airlines are preparing for a surge in bookings. (Kai Pfaffenbach/Reuters)

Amid an absolutely disastrous year, as airlines lost billions of dollars and laid off thousands of employees, imagine telling someone you’re planning on launching a new airline.

“People go, “Whoa. What are you doing? Are you nuts?'” said Ravinder Minhas, a founding board member of upstart Canada Jetlines.

And yet, Minhas believes there’s never been a better time to launch an airline in Canada.

“Where it looks like things are down, that’s the best time to get in,” he said.

Things are definitely down.

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In February, Air Canada’s outgoing president and CEO Calin Rovinescu called 2020 the “bleakest year in the history of commercial aviation.” The airline lost $1.16 billion in the fourth quarter of 2020.

But as restrictions begin to lift and the prospect of more normal times beckons, the airline industry stands to gain. For more than a year now, people have been cooped up inside.

Millions lost their jobs when the pandemic hit. But millions more simply shifted to working from home. They saved money by not travelling, not eating out and not commuting. CIBC says households have saved a staggering $100 billion.

Now Canadians are starting to plan for life on the other side of the crisis.

Economist Amit Damadoran, who works with the online travel site Hopper, says U.S. travel agents are already seeing a major uptick in bookings.

Carleton business professor Ian Lee says startup airlines such as Canada Jetlines are able to take advantage of current downturns in the industry. ‘The planes are cheaper. The labour is cheaper,’ he said. (Nathan Denette/The Canadian Press)

“With the vaccine rollout, we’ve seen a lot of that pent-up demand start to translate into more bookings, both for late spring and summer,” he said. 

That’s why entrepreneurs see an opportunity.

The Wall Street Journal, citing an aircraft leasing company called Avalon Holdings, says more than 90 airlines are launching this year.

‘It’s now or never’

There’s Wizz Air in Abu Dhabi, Flyr in Norway, Flypop in the U.K and Ego airlines in Italy. They’re all trying to nudge in on competitors and take advantage of the low cost of entry to the industry right now.

“It’s now or never,” said Ian Lee, an associate professor at Carleton University’s Sprott School of Business.

A mock-up of a Canada Jetlines plane. The new discount airline plans to start flying in the summer of 2021. (Canada Jetlines)

He says new airlines have none of the baggage the legacy carriers have had to shoulder over the past year. None of the sunk costs, none of the lost billions. New carriers have been able to negotiate lucrative deals amid the crisis, he said.

“The slots are cheaper,” he says referring to fees airports charge airlines to take off and land. “The planes are cheaper. The labour is cheaper.”

Minhas says newer airlines are poised to take advantage. He also says travellers are ready to flock back onto planes. Canada Jetlines will soon offer flights to sun destinations with cheaper fares than legacy carriers, in part because they were able to strike those good deals.

“We were able to get airplanes at one heck of a price,” he said.

Consumers pining for experiences

Minhas says plane manufacturers found it harder to sell aircraft this past year simply because most airlines had too many planes and not enough spots to park them.

A lonely scene, devoid of travellers, at Montreal’s Pierre Trudeau International Airport on Friday. The Quebec government has welcomed new federal restrictions on international travel. (François Sauvé/Radio-Canada)

But getting the equipment and the permits right is only part of the picture. The real question revolves around demand. Just how quickly are consumers going to flock back onto crowded airplanes?

The past year has been incredibly cautious. How long will it take for that caution to recede?

Lee says he kept reading experts claiming everything was going to change.

“I have rejected that theory from the beginning,” he said.

Lee says there’s always been a stark divide between the stuff we buy and the things we do. This past year has made that divide even more clear. Sure, consumers could buy endless amounts of things online. But what they’ve missed more than anything are experiences.

No one knows when travel will boom again

So, as the pandemic restrictions pull back, consumers Lee predicts consumer will flood back to services that provide experiences. And he says tourism will be one of the biggest beneficiaries

A man walks inside a Terminal at Paris Charles de Gaulle airport in Roissy on Feb. 5. The International Air Transport Association has said global air travel won’t recover from the pandemic until 2024. (Gonzalo Fuentes/Reuters)

“There’s going to be an explosion in air travel,” says Lee.

But like everything else in the economy right now, there are more questions than answers. It seems all the crystal balls broke during the last crisis. The fact is, no one knows how and when travel will start booming again. The International Air Transport Association doesn’t expect things to fully normalize until 2024.

The airline industry is one of the most intensely competitive in the world. New entrants have an incredibly low success rate in Canada, as giants like Air Canada have devoured competitors one by one.

But each of these upstarts believe this time will be different. And that starts with COVID cases coming under control.

“We’re starting to see that recovery,” says Minhas. “It’s going to happen. We just need to hold on and have a little bit more patience to get there.”