Tag: Canada Jetlines

Jetlines Confirms SmartLynx Commitment and Provides Commercial and Operational Updates

Provided by Canada Jetlines Ltd/Globe Newswire

VANCOUVER, British Columbia, Sept. 03, 2019 (GLOBE NEWSWIRE) — Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”) announces that SmartLynx Airlines SIA (“SmartLynx”) remains committed to Jetlines and has agreed to extend the funding milestone under the definitive subscription agreement. The new deadline is September 30, 2019, such completion date subject to further extension or waiver by SmartLynx based on its assessment of corporate progress (see update below on commercial and operational progress).

As specified in the Company’s press release of July 8, SmartLynx will provide $7.5 million in financing under the terms of a convertible debenture. The amended offering terms were set to match the financing terms agreed to with InHarv ULCC Growth Fund (“InHarv”). Please refer to the Company’s press releases dated July 8, 2019 and July 30, 2019 for further information on the SmartLynx financing.

Mark Morabito, Executive Chairman, commented “I am pleased that SmartLynx has elected to push out our funding milestone and would like to thank both SmartLynx and InHarv for their continued support as true partners of Jetlines. It is important to remember that SmartLynx specializes in full-service ACMI (Aircraft-Crew-Maintenance-Insurance) aircraft lease services and is the leading ACMI provider in Europe for Airbus A320 aircraft. SmartLynx aircraft have been utilized by major airlines including Norwegian, EasyJet, Thomas Cook and TUI and its partnership with Jetlines extends not only through SmartLynx’ s investment, but also through SmartLynx’ s ability to contribute its years of experience in airline operations, aircraft leases, maintenance operations and other matters to help Jetlines succeed”.

The Company is pleased to provide an update on significant recent commercial and operational developments.

Commercial

Jetlines has completed the build of its new website and it is ready to sell tickets. Following successful integration by Jetlines ancillary services partners, Booking.com and CarTrawler, the new website enables customers to rent cars and book hotels at very competitive prices, and the Company to maximize ancillary revenues.

In recent months, Jetlines has secured remarkable brand awareness thanks to our new tagline Flying Sucks Less When You Pay Less, and to our Protest in the Sky video-release, which has been viewed by thousands of Canadians. In partnership with award-winning marketing agency Cossette, Jetlines has developed and plans to deploy a launch campaign as soon as the Company receives permission to sell tickets.

Operations

Jetlines continues to advance its Air Operator Certificate (AOC) application with Transport Canada, having now submitted all but one of the required operations manuals. Once operational, the Company is confident that the processes it has defined will enable the airline to exceed the highest safety standards.

The Company has completed the incorporation of most of the required software systems, utilizing the latest in technological automation and cloud platform solutions. In preparation for launch, Jetlines continues to build-out its expert operational team, which now incudes a COO, VP Flight Operations, VP Maintenance, Head of Training, Chief Pilot, Flight Attendant Manager and Safety Manager. 

Jetlines believes that due to proposed consolidations resulting from a surge in M&A activity in the Canadian airline industry, the ULCC market opportunity has never been greater. The Company is looking forward to the Competition Bureau announcing its position on its ongoing investigation into WestJet’s alleged predatory pricing through its subsidiary, Swoop.

The Company continues to make progress on building out the airline and is now closer than ever to starting operations. The Company and SmartLynx are currently reworking the aircraft lease arrangements. However, the final date for airline launch is subject to meeting the financial requirements of Canadian regulatory authorities. The Company will provide further timing updates once the necessary funding commitments have been secured. Please refer to the Company’s management’s discussion and analysis for the six-months ended June 30, 2019 for further information on the SmartLynx aircraft lease agreements.

Jetlines Announces Definitive Subscription Agreement for Amended SmartLynx Financing

Provided by Canada Jetlines Ltd/Globe Newswire

VANCOUVER, British Columbia, July 30, 2019 (GLOBE NEWSWIRE) — Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”) announces that, further to its press release of July 8, 2019, SmartLynx Airlines SIA (“SmartLynx”) and Jetlines have entered into a definitive subscription agreement (the “Agreement”) with respect to the amended terms of the $7.5 million financing by SmartLynx. Under the amended terms of the financing, SmartLynx will provide $7.5 million in financing under the terms of a convertible debenture. The amended offering terms are set to match the financing terms agreed to with InHarv ULCC Growth Fund (“InHarv”).

Details of the Offering

The terms of the offering (the “Offering”) are set out in the Agreement between SmartLynx and Jetlines. The Offering will consist of 7,500 units (each, a “Unit”), with each Unit comprised of one $1,000 principal amount 10.00% senior secured convertible debenture of Jetlines (each, a “Debenture”) and 2,439.02439 variable voting share purchase warrants (each, a “Warrant”), and with each Warrant entitling the holder thereof to acquire one variable voting share of Jetlines (each, a “Warrant Share”) at a price of $0.41 per Warrant Share for a period of 36 months from the date of closing. The Company will issue a total of 18,292,682 Warrants to SmartLynx as part of the Units subscribed for by SmartLynx.

The terms of the Debentures include:

  • a maturity date on such date that is 36 months from the date of issuance of the Debentures (the “Maturity Date”) and the principal amount of the Debentures (the “Principal Amount”), together with any accrued and unpaid interest thereon, will be payable on the Maturity Date, unless earlier converted in accordance with its terms;
  • each draw of the Principal Amount will accrue interest (“Interest”) from the drawdown date of such draw at the rate of 10% per annum, which Interest will be payable in cash annually on the anniversary date of the drawdown date of such draw, and on the conversion date or the Maturity Date, as the case may be;
  • all or a portion of the Principal Amount outstanding is convertible into variable voting shares of the Company (each, a “Share”) at the option of the holder at a conversion price of $0.41 per Share; and
  • the Debentures are subject to an origination fee of 5%, payable in Shares on each drawdown date at an issue price equal to the market price at the time of such drawdown date.

The funds will be available for drawdown based on the satisfaction of certain conditions.

The gross proceeds of the Offering will be released after Jetlines achieves certain milestones as described below. $5.25 million (70%) of the proceeds shall be released upon the Company raising additional funds (the “Funding Milestone”) from a subsequent financing by September 1, 2019 (such completion date subject to waiver by SmartLynx). The Funding Milestone will be calculated by adding the amount realized through the exercise of previously issued warrants since November 1, 2018 and the final amount committed under the InHarv financing at closing, and subtracting that total number from $40 million. In addition, the Company will be required to receive from the Canada Transportation Agency an order allowing it to sell tickets for airline travel.

The remaining $2.25 million (30%) of the proceeds shall be released upon the receipt by Jetlines Operations of its air operator certificate from Transport Canada.

The obligation of the Company to repay the Principal Amount and all unpaid Interest thereon to SmartLynx will be secured by a security interest granted by Jetlines to SmartLynx over all of the Company’s present and after-acquired property pursuant to a general security agreement to be entered into. These financial terms match the terms agreed to with InHarv. The Company intends to close both the InHarv and SmartLynx financings concurrently, with an expected closing date in August, 2019.

Certain aspects of the relationship between the parties will continue to be governed the framework agreement (the “Framework Agreement”) entered into by the parties in December 2018. The Framework Agreement covers matters including the right of SmartLynx to appoint a single Board member to the Company and Jetlines Operations, rights to participate on Board committees, arrangements regarding the review of aircraft leases, the grant of a pro-rata right to SmartLynx to participate in future financings and certain other rights detailing with operational and expenditure matters of the Company and Jetlines Operations. Certain consequential amendments will be made to the Framework Agreement to reflect the new terms of the Offering.

The closing of the Offering is conditional upon the satisfaction of conditions to closing that will be contained in the Subscription Agreement. These conditions will include, among other things, approval of the TSX Venture Exchange for the Offering, execution of definitive documentation, disinterested shareholder approval and the receipt of all other necessary consents, approvals and authorizations required by either party.

Option Grant

The Company has granted 225,000 stock options to a director of the Company. The stock options have been issued for a five-year term, with one quarter vesting every six months from the date of grant.

Jetlines calls out the lack of Canadian Airline Competition with First-Ever Protest in the Sky

Provided by Canada Jetlines Ltd/Globe Newswire

The ultra-low-cost carrier is encouraging Canadians to sign a petition to show they want increased competition and decreased airfares

VANCOUVER, British Columbia, July 25, 2019 (GLOBE NEWSWIRE) — Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”), the first ultra-low-fare carrier in Canada has staged a protest in the one place the airline duopoly think they own: the sky. Using four planes, 18 skydivers and the Jetlines CEO, an airborne protest was staged to call out the lack of Canadian airline competition. This act was to rally Canadians, investors and the Competition Bureau around the idea of increased competition and decreased airfares.

The ultra-low-fare carrier is encouraging people to go to Jetlines’s website fightback.jetlines.ca/and sign an online petition that will be presented to the Canadian Competition Bureau, the government agency that ensures markets operate in a competitive manner to prevent abusive monopolistic practices. While several airlines have attempted to enter the Canadian market, the duopoly has pushed them out with short-term match-pricing at prices below their avoidable costs. Thus far, Canada’s Competition Bureau has done little to rectify this issue. The Competition Bureau is currently investigating WestJet and their subsidiary new airline for “predatory pricing” to undercut new entrants. Under Canada’s competition laws, predatory pricing occurs when an incumbent with market power sets its prices below avoidable costs.

“Canadians pay among the highest airfares in the world and we’re the only developed country without an ULCC as two high cost airlines control approximately 85% of the domestic market,” says Javier Suarez, CEO for Jetlines. “We know Canadians are fed up as there are between five and six million passenger trips per year by land over to the US each year to fly on US low cost carriers, based out of northern US airports, that in many cases only operate from those airports due to the robust Canadian passenger traffic. We’re urging consumers to go online and to show their support for more competition and lower fares in Canada.”

The entrance of Jetlines has the potential to dramatically reduce airfares for Canadians on a long-term, sustainable basis. In just two decades, the ultra-low-cost carrier (ULCC) model has proven to be highly profitable and successful throughout the world. They generate economic growth but most importantly, they give consumers the freedom to travel more often. While more of these airlines are taking off, Canada has not tapped into the high demand for this kind of travel due to the anti-competitive environment of the existing Canadian duopoly. As a consequence, there is a lack of competition, that drives up prices, making consumers suffer.

Jetlines Provides Operations Update

Provided by Canada Jetlines Ltd./Globe Newswire

VANCOUVER, British Columbia, July 24, 2019 (GLOBE NEWSWIRE) — Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to provide an update on recent operational developments related to Jetlines’ build out in preparation for launch.

Talent-Based Hiring

Jetlines signed an agreement with Gallup, Inc. (“Gallup”) to optimize its talent-based hiring. Through the delivery of Gallup’s hiring analytics and advice, Jetlines is assessing and working to hire the best pilots, flights attendants and operational leaders in the industry.

Combining more than 80 years of experience with their global reach, Gallup knows more about the attitudes and behaviors of employees, customers, students and citizens than any other organization in the world. In addition to role-based assessments, Gallup’s Hiring Analytics practice provides support and strategy before and after the interview to attract the right candidates, create workforce alignment and streamline the hiring experience.

Kelly Bacon, Partner of Gallup, commented, “Employees are no longer satisfied with clocking in and out and receiving a paycheck. They are looking for meaning in their work, a supportive, collaborative environment, and an employer that can match the lifestyle they want to enjoy. Gallup has an unparalleled, research-based understanding of what defines excellence in nearly every imaginable role, and we are excited to partner with Jetlines to use that expertise to hire the Company’s pilots and flight attendants.”

Document & Communication Management

Jetlines signed an agreement with Comply365, Inc. (“Comply365”) for its document management platform that will be used to deliver critical operational content to Jetlines’ mobile workforce. Comply365 was selected by Jetlines to ensure a compliant and efficient operation. The Comply365 cloud platform will allow Jetlines to focus on growing its operation, without worrying about IT support requirements.  Currently, Comply365 is utilized by 8 of the top 10 North American Airlines supporting over 15 million flights worldwide annually.

Tom Samuel, CEO of Comply365 said, “We are excited to welcome Jetlines to our growing list of global customers. It is very neat to see an airline at such an early stage of their growth story making targeted investments in technology solutions that will support their anticipated growth.”

Jyri Strandman, Jetlines COO commented, “We are investing in proven processes and cutting-edge tools in every area of the operation to drive down the cost. We are partnering with Gallup to start evaluating and hiring the best fitting, talented and motivated team members; with Comply365 to provide our team members the best tools to maintain up-to-date documents and prepare for the flights, leading to highest degree of regulatory compliance and safety. Every automated system is integrated fully, removing time-wasting process steps, freeing up our frontline people to provide warm, friendly and personable air travel at great value prices.”

Jetlines Announces AGM Results

Provided by Canada Jetlines Ltd/CNW

VANCOUVER, British Columbia, June 27, 2019 (GLOBE NEWSWIRE) — Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”) reports that the nominees listed in the management information circular for the 2019 Annual General and Special Meeting of shareholders were elected as directors of Jetlines. Detailed results of the vote for the election of directors held at the Annual General and Special Meeting on June 26, 2019 in Vancouver, B.C., are set out below:

 

 
% Votes For% Votes Withheld
Mark J. Morabito99.45%0.55%
Deborah Robinson99.63%0.37%
Réjean Bourque99.37%0.63%
Jason Grant99.57%0.43%
Saad Hammad99.13%0.87%
Tony Lefebvre99.11%0.89%
Alan Bird97.61%2.39%
Zygimantas Surintas97.22%2.78%

Shareholders at the Annual General and Special Meeting also approved the appointment of Jetlines’ auditors, the SmartLynx Private Placement, the InHarv Private Placement, the Amended Articles and By-Laws, the Amended Stock Option Plan, the Amended Restricted Share Unit Plan and the Amended Performance Share Unit Plan.

Jetlines Appoints ULCC Veteran as Chief Operating Officer

Provided by Canada Jetlines Ltd/Globe Newswire

VANCOUVER, British Columbia, June 25, 2019 (GLOBE NEWSWIRE) — Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) is pleased to announce the appointment of Mr. Jyri Strandman as Chief Operating Officer, effective July 1, 2019. Jyri is a seasoned aviation veteran with over 30 years experience in the aviation industry and has held senior positions with ultra-low cost carrier (ULCC) leader Spirit Airlines.

“I am very pleased that Jyri has agreed to join Jetlines full-time as Chief Operating Officer. We are lucky to have access to someone of his caliber and experience. Having held progressively senior positions with one of the market leaders, Jyri truly understands the ultra-low cost model and will assist Jetlines with its goal of being the lowest cost operator in Canada,” commented Javier Suarez, CEO of Jetlines.

Jyri comments; “It is a great privilege to lead our capable operations teams from buildup to actual start of operations, deploying high degree of fully integrated automation. It frees up our passionate team members to serve our flyers genuinely, thoughtfully and kindly. While our product is distinctly fun and light-hearted, we are fiercely revved up and committed to liberating Canadians from overpriced air travel. We look forward to sharing our contagiously energetic and positive brand experience in tangible ways. This is not a job, but a mission; to provide a real value proposal to the millions, so they can reach and experience new destinations.”

Jyri most recently held the position of COO at GoAir, an Indian low cost carrier. As the Accountable Manager, he was responsible for operational control, regulatory oversight and the operations departments of the airline; Maintenance and Engineering, Airport Operations, Flight and Inflight Operations, Rostering, Dispatch and Safety.

Prior to GoAir, Jyri held progressively senior roles with Spirit Airlines, the leading ULCC in the US, the Caribbean and Latin America. He carried dual roles as Vice President of Flight Operations and Director of Operations, responsible for operational control and regulatory oversight of the airline, including all the regulatory training programs and FAA relationship. Under Jyri’s leadership, the operational teams successfully introduced 76 additional Airbus A320 family aircraft, including the first Sharklet equipped A320 and the first North American A320 neo. Prior to these roles, he served as the Director, Flight Training and Standards, leading the redesign of pilot training programs and new manual sets, both creating safety, functional flexibility and efficiency in the operational environment.

His prior 20 years of experience include increasing responsibility in training and operations roles at Virgin America and American Eagle Airlines. Jyri is a highly experienced captain, training and check pilot, and pilot examiner on the Airbus A320 family, also having served in the same capacities in many other aircraft with over 12 400 hours of flight time.

In connection with his appointment, Mr. Strandman will receive a grant of 500,000 Restricted Share Units (“RSUs”). The RSUs vest over a three-year period from the date of grant, with one third vesting at the end of each year during the three-year period.

Jetlines’ Bold New Brand Digs at the Duopoly and Positions to be The People’s Champion

Provided by Canada Jetlines Ltd/Globe Newswire

VANCOUVER, British Columbia, June 18, 2019 (GLOBE NEWSWIRE) — Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce a new and playfully provocative brand identity to serve and stand up for Canadians nationwide. The rebranding comes in preparation for commercial launch targeted for December 17, 2019.

Canadians pay among the highest airfares in the world. The recently announced intent to acquire Air Transat by Air Canada, as well as the sale of WestJet to Onex will only reduce competition and increase prices further. Consumers are rightfully frustrated and fed up.

The timing couldn’t be better for Jetlines. With the intent of being in the air by mid-December, the Company has developed a cheeky, rebellious identity system, as well as a brand promise anchored in the unapologetic and honest truth: “Flying sucks less when you pay less”

Jetlines is firmly principled to offer the lowest airfares in Canada. Because Canadians should have the right to affordable travel. Because everyone deserves an airline that flies for them. Because any other way is a complete rip-off. Of course, flying will still suck. There’s not much anyone can do about manspreading seatmates or tiny toilet stalls. But it will suck less when you pay less.

Working with Cossette, the new identity system is authentic, accessible and deliberately distinct from the expensive goliath incumbents in Canada. The logo incorporates a face with a knowing smirk created from an upside-down plane. It includes an additional suite of expressive faces to capture every emotion of travel. The new system will cover every touchpoint of the brand experience from the livery to uniforms to signature luggage and humourous airsickness bags.

“Jetlines is fighting for Canadians by creating competition and rebelling against Canadian ultra high airfares. Our new brand promise and design reflect our core philosophy of pushing back against the status quo and giving Canadian travellers a brand that empowers them to make their own decisions,” noted Javier Suarez, CEO of Canada Jetlines. “I would like to thank the entire Jetlines commercial team for building such a strong brand identity that reflects our passion and values, as well as extend my most sincere gratitude to our partner, Cossette, for all of their hard work and raw talent that has brought us here today.”

Jetlines Announces Granting of Slots at Vancouver International Airport

Provided by Canada Jetlines Ltd./Globe Newswire

VANCOUVER, British Columbia, June 12, 2019 (GLOBE NEWSWIRE) — Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce that it has been granted slots at Vancouver International Airport (YVR) to operate its first Winter Schedule. This announcement follows Jetlines’ February 7, 2019 news release announcing YVR as its home airport and primary base of operations when the Company intends to launch operations in December this year.

The slots will permit Jetlines to operate up to ten flights per day and over 1,000 flights during the first winter season from December 17, 2019 to March 28, 2020 as the Company plans to grow commercial operations and offer service in time for the upcoming winter holiday season. The initial two Airbus A320 aircraft that Jetlines has secured through its partnership with SmartLynx will be parked at YVR airport nightly.

Jetlines CEO, Javier Suarez, commented, “I am excited to share that all slots to operate our winter schedule have been awarded. It is significant for Jetlines as we work to commence operations out of Vancouver International Airport. The Airport operates at a very high capacity in the winter season, as travellers plan trips to see family and friends, or to go on a vacation. These slots will allow us to fly our first passengers for these special occasions at incredibly low fares – at a price point that most Canadians have not had the opportunity to fly at.”

Jetlines selected YVR as their future base for operations due to it being the second busiest airport in Canada, serving more than 25.9 million passengers in 2018. It is also the busiest airport in British Columbia and the airport with the largest catchment area. The airport has more than 2.5 million people living less than 30 minutes drive from it. As well as it being the closest airport to Vancouver’s city center, the airport is also extremely well connected to the city by transit with a rapid transit rail.

Jetlines ability to sell tickets and launch airline service remains subject to the completion of the airline licensing process, the receipt of applicable regulatory approvals and the completion of financing.

Jetlines Provides Update on Financing with Korean Special Purpose Fund and Annual General Meeting Matters

Provided by Canada Jetlines Ltd/Globe Newswire

VANCOUVER, British Columbia, June 06, 2019 (GLOBE NEWSWIRE) — Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to provide an update on the status of the $7 million financing (the “InHarv Offering”) with InHarv Partners Ltd. (“InHarv”), on behalf of InHarv ULCC Growth. The TSX Venture Exchange (“TSXV”) is requiring that the Company obtain shareholder approval for the Offering. The Company has submitted the InHarv Offering for shareholder approval at its upcoming Annual General and Special Meeting scheduled for Wednesday, June 26, 2019 (the “AGM”). Assuming shareholder approval for the InHarv Offering, InHarv and the Company intend to close the InHarv Offering as soon as possible after the AGM. For further information regarding the InHarv Offering please refer to the Company’s press release dated March 28, 2019 and May 15, 2019, or the Information Circular (defined below).

AGM Details

The AGM will be held at Fasken Martineau DuMoulin LLP located at 2900 – 550 Burrard Street, Vancouver, BC Canada, V6C 0A3 on Wednesday, June 26, 2019 at 10:00 a.m. (Vancouver Time). In addition to the approval of the InHarv Offering, the Company will also be submitting certain other financing, regulatory and executive compensation matters to shareholders for approval. An information circular (the “Information Circular”) detailing the matters submitted to the shareholders for approval at the AGM is available on SEDAR at http://www.sedar.com.

SmartLynx Offering

On November 27, 2018, the Company entered into a subscription agreement with SmartLynx Airlines SIA (“SmartLynx”) pursuant to which SmartLynx would purchase 22,727,272 subscription receipts at a price of $0.33 per Subscription Receipt, for aggregate gross proceeds of $7.5 million. On December 27, 2018, the Company announced that it had closed the SmartLynx Private Placement and that the $7.5 million subscription funds, together with any interest earned thereon, are held in escrow pending satisfaction or waiver of the escrow release conditions.

A control position will potentially result from the conversion of the subscription receipts acquired by SmartLynx. As a result, and as required by the policies of the TSXV, shareholders will be asked at the AGM to approve, by way of ordinary resolution, the creation of a control position resulting from the subscription for 22,727,272 subscription receipts by SmartLynx. For further information regarding the SmartLynx Offering please refer to the Company’s press release dated November 27, 2018December 27, 2018, and April 30, 2019, and the Information Circular.

Article and By-Law Amendments

On November 3, 2016, the Honourable Marc Garneau, Minister of Transport, granted the Company an unprecedented exemption from the 25 per cent foreign voting interest limit in the Canada Transportation Act (“CTA”) and be permitted the Company and its subsidiaries to have up to an aggregate of 49 per cent foreign voting interests. Subsequent to granting the exemption order, on June 27, 2018, Minister Garneau announced that, following the Royal Assent of the Transportation Modernization Act, new rules for airline ownership have officially come into force (the “CTA Amendments”). These changes increased foreign voting interest limits from 25 per cent to 49 per cent of voting interests for all Canadian air carriers. A single international investor (individually or in affiliation) cannot hold more than 25 per cent of the voting interests of a Canadian air carrier, and no combination of international air carriers can own more than 25 per cent of a Canadian carrier (individually or in affiliation).

As the CTA Amendments are now in force, the Board determined that it was appropriate to address the changes to the new limitations on voting control by non-Canadians under the CTA Amendments by effecting amendments to the Articles and By-Law No. 1 of the Company. The amendments to the Articles and By-Law No. 1 will require Shareholder approval, which the Company intends to obtain at the AGM. For further information please refer to the Information Circular.

Additional Information

The closing of the InHarv Offering is conditional upon the satisfaction of conditions to closing contained in the Subscription Agreement. These conditions include, among other things, approval of the TSX Venture Exchange for the Offering, shareholder approval and the receipt of all other necessary consents, approvals and authorizations required by either party.

Jetlines Announces Operational Agreements with MedAire and Kenyon

Provided by Canada Jetlines Ltd./Globe Newswire

VANCOUVER, British Columbia, June 04, 2019 (GLOBE NEWSWIRE) — Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce that it has signed an agreement with MedAire, the aviation subsidiary of International SOS, a global leader in medical and security risk services.

MedAire has more than 30 years’ experience as a leading travel safety provider in the aviation industry and works with more than 150 airlines worldwide, providing in-flight medical advice; crew support services; onboard medical kits; and training programs.

Jetlines will work with MedAire to ensure the safety of passengers and crew is always the number one priority. This includes providing health assessments prior to departure as well as immediate, 24/7 access to emergency-trained doctors and specialists in the event of a mid-air medical emergency.

The Company is also pleased to partner with Kenyon International Emergency Services. Kenyon provides a full suite of guaranteed resources, services and software to meet the demands of any incident. From an international call center service that can be activated within 30 minutes to family assistance services, Kenyon specialists assist with the activation and communication needs surrounding any incident or accident. Kenyon works with over 600 businesses and governments worldwide, 440 of which are in aviation, and has deployed over 325 activations.

Jetlines CEO, Javier Suarez commented, “At Jetlines, we weave safety and wellness in to all we do. We are building excellent infrastructure, policies, and processes to ensure we mitigate risks and are ready to deliver safe, reliable service to our future passengers, pilots, and cabin crew members. We intend to not only meet, but to exceed the regulatory and safety requirements of Transport Canada in an effort to receive our Air Operator Certificate.”