Canada Jetlines Temporarily Ceases Operations Due to Financial Challenges
/https://aviacionlinecdn.eleco.com.ar/media/2018/03/Canada-Jetlines-737-800-render.jpg)
Canada Jetlines has announced the temporary cessation of its airline operations, effective August 15, 2024. The decision comes after the Company was unable to secure the necessary financing to sustain its operations.
Canada Jetlines’ continued operations depended on its ability to raise sufficient funds and scale its airline to achieve profitability. Despite pursuing various financing options, including debt, equity, and strategic transactions, the Company, guided by an independent Board committee and external advisors, was unable to secure the financing required.
Prior to ceasing operations, The company had been expanding its fleet, planning to grow to six aircraft by early 2024. The airline had announced ambitious plans for the Winter 2024/25 season, including new routes from Toronto to destinations like Fort Lauderdale, Fort-de-France, and Tulum.
Support for Affected Passengers
Passengers with existing bookings are urged to contact their credit card companies for refunds. The Company is making every effort to assist passengers during this period.
Canada Jetlines intends to file for creditor protection, with further details to be announced soon.
Para comentar, debés estar registradoPor favor, iniciá sesión