Canada Jetlines Ltd. (JET: TSX-V) (JETMF:
OTCQB) (the “
Company” or
“
Jetlines”) is pleased to announce it intends to
provide future service to several sun destinations in the Dominican
Republic including Puerto Plata, Samaná, and Santo Domingo.
Jetlines has reached an agreement with
Aeropuertos Dominicanos Siglo XXI (“Aerodom”) to provide future
service to Puerto Plata’s Gregorio Luperón International Airport
(POP) and the Samaná El Catey International Airport (AZS), or Santo
Domingo Airport (SDQ). Aerodom manages and operates several
airports in the Dominican Republic, servicing an average of over 5
million passengers travelling to 58 cities around the world
annually.
Jetlines CEO, Javier Suarez commented, “We are
very excited to announce future service to these destinations.
Adding these Caribbean airports to our network will enable
Canadian’s to travel affordably during the cold winter season. Our
very low fares will allow our customers to visit these destinations
at a very low cost. Dominican Republic is one of the
fastest-growing and most-visited tourist destinations in the
Caribbean and the diverse geography, rich culture, and warm
hospitality make it an attractive vacation spot for many
Canadians.”
“We are delighted to enter into a partnership
with Canada Jetlines, which will allow more Canadian tourists to
visit the nearly 1,000 miles of coastline, magnificent resorts and
hotels, and a variety of sports, recreation and entertainment
options that the Dominican Republic has to offer. Without a doubt
all our visitors will have a wonderful time in Samaná, Puerto Plata
and Santo Domingo. Aerodom will continue to work to provide
passengers with the best airport experience and to continuously
have more routes served and more airlines operating at our
airports.” said Alvaro Leite, Chief Commercial Officer,
Aerodom.
The Company’s ability to service these routes is
subject to the completion of the airline licensing process and the
receipt of applicable regulatory approvals. The exact arrival and
departure airports for routes to the Dominican Republic will be
determined once regulatory approvals are received.
About Aeropuertos Dominicanos Siglo
XXI
Aeropuertos Dominicanos Siglo XXI (Aerodom), a
subsidiary of VINCI Airports, is one of the biggest airport
operators in Central America and the Caribbean. The company has a
concession contract with the Dominican Government to develop,
operate and manage six airports in the Dominican Republic until
2030. The airports include Las Americas International Airport in
Santo Domingo, which serves as the principal international gateway
to the country’s capital and is the second-largest airport in terms
of passengers; Gregorio Luperón in Puerto Plata; Presidente Juan
Bosch and Arroyo Barril, both near Samana; La Isabela in the city
of Santo Domingo; and Maria Montez in Barahona.
For more information,
visit www.aerodom.com.
About Canada Jetlines Ltd.
Canada Jetlines is set to become Canada’s first
true Ultra-Low Cost Carrier (ULCC) airline, with plans to operate
flights across Canada and provide non-stop service from Canada to
the United States, Mexico and the Caribbean. The Company plans to
commence operations with the Airbus A320 fleet, the most widely
used aircraft for ultra-low cost carriers worldwide. Jetlines is
led by a board and management team with extensive experience and
expertise in low-cost airlines, start-ups and capital markets. The
Company was granted an unprecedented exemption from the Government
of Canada that will permit it to conduct domestic air services
while having up to 49% foreign voting interests.
For more information on Jetlines, please visit
our website at www.jetlines.ca.
ON BEHALF OF THE BOARD
"Mark J. Morabito"Executive
Chairman
Canada Jetlines is part of the King & Bay
group of companies. King & Bay is a merchant bank that
specializes in identifying, funding, developing and supporting
growth opportunities in the resource, aviation, and technology
sectors.
For more information, please
contact:Toll Free: 1-833-226-5387Email:
investor.relations@jetlines.ca
Cautionary Note Regarding Forward-Looking
Information
This news release contains "forward-looking
information" concerning anticipated developments and events that
may occur in the future. Forward-looking information contained in
this news release includes, but is not limited to, statements with
respect to the routes that Jetlines intends to service, Jetlines
ability to operate these routes successfully, the commencement of
operations and the success of expected future operations of the
Company.
In certain cases, forward-looking information
can be identified by the use of words such as "plans", "expects"
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or " or variations of such words and phrases or
statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved"
suggesting future outcomes, or other expectations, beliefs, plans,
objectives, assumptions, intentions or statements about future
events or performance. Forward-looking information contained in
this news release is based on certain factors and assumptions
regarding, among other things the receipt of financing to commence
airline operations, the accuracy, reliability and success of the
Jetlines’ business model; the timely receipt of governmental
approvals; the timely commencement of operations by Jetlines and
the success of such operations; the legislative and regulatory
environments of the jurisdictions where the Jetlines will carry on
business or have operations; the impact of competition and the
competitive response to the Jetlines’ business strategy; and the
availability of aircraft. While the Company considers these
assumptions to be reasonable based on information currently
available to it, they may prove to be incorrect.
Forward-looking information involves known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
information. Such factors include risks related to, the ability to
obtain financing at acceptable terms and in a timely manner to meet
aircraft lease, regulatory and other financial commitments required
for start-up, the impact of general economic conditions, domestic
and international airline industry conditions, future relations
with SmartLynx, volatility of fuel prices, increases in operating
costs, terrorism, pandemics, natural disasters, currency
fluctuations, interest rates, risks specific to the airline
industry, the ability of management to implement Jetlines’
operational strategy, the ability to attract qualified management
and staff, labour disputes, regulatory risks, including risks
relating to the acquisition of the necessary licenses and permits;
risks related to disputes under the agreement with Boeing to
acquire 737-Max aircraft, and the additional risks identified in
the "Risk Factors" section of the Company's reports and filings
with applicable Canadian securities regulators.
Although the Company has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking information, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on
forward-looking information. The forward-looking information is
made as of the date of this news release. Except as required by
applicable securities laws, the Company does not undertake any
obligation to publicly update or revise any forward-looking
information.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed or accepts
responsibility for the adequacy or accuracy of this
release.
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