Canada Jetlines Ltd. (JET: TSX-V) (JETMF:
OTCQB) (the “
Company” or
“
Jetlines”) is pleased to announce an agreement
with Global Aviation Services, Inc. (“
Global
Aviation”
) for ground handling services.
Global Aviation, headquartered in Mississauga,
Ontario, is an aviation services company that offers a full suite
of services including ground handling, aircraft detailing, flight
supervision and management, mobility assistance, ticketing, and
cabin cleaning. With continued growth planned for 2019, there are
currently 45 airlines and 12 airports in Canada and the US combined
that are partnered with Global Aviation for their passenger,
baggage, and load-control services.
Global Aviation is expected to provide Jetlines
with safe, quality, on-time and environmentally conscientious
service. Their Customer Service Agents (“CSA”) are all highly
trained with exemplary people skills, technical proficiency and a
total accountability “CAN-DO” attitude –ensuring the ultimate in
customer experience of their clients and guests. Global Aviation is
well-known for its delivery of quality check-in and boarding
services, centralized baggage tracing and, creating the jet bridge
connection to the aircraft – services that are all important to
Jetlines’ operational plans and will help ensure strong on-time
performance.
Chief Operating Officer, Michael Bata,
commented, “We are very excited to partner with Global Aviation for
our ground handling needs. One of Jetlines’ core values, along with
maintaining cost control as Canada’s first ULCC, will be providing
our passengers with a pleasant experience from start to finish and
Global Aviation, along with their team members, will be an integral
part of that experience on both fronts.”
“We at Global are excited to receive the
multi-city award and welcome Canada Jetlines to the Global Family.
Global Aviation Services will provide Canada Jetlines with ground
handling services at locations across North America,” stated Global
Aviation Services President and CEO Carm Borg. “It’s truly exciting
to have two Canadian companies partnering together to serve the
people of Canada,” Mr. Borg added.
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 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, 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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