Less than two years after it first hit the skies, Canada Jetlines has grounded its planes and ceased operations amid a cash crisis that caused it to become the third Canadian carrier in less than a year to stop flying.
A Canada Jetlines Airbus A320 jet pulls up to the Calgary airport gate on the airline's inaugural flight at Calgary, Alta., Thursday, Sept. 22, 2022. THE CANADIAN PRESS/Larry MacDougal
It signals yet another airline departure from Canadian skies after the closure of Lynx Air in February and budget carrier Swoop last October as concerns about domestic competition persist. It also flew charter flights, including for three Canadian Football League teams. The airline signed contracts with the Ottawa Redblacks, Hamilton Tiger-Cats and Toronto Argonauts that saw it haul players to select away games last season. The Redblacks contract was a three-year deal that may no longer be fulfilled.
In October 2019, the Mississauga, Ont.-based company announced it was postponing its planned December launch and laying off most employees after failing to secure the required financing and losing investment partners. The delay wound up dragging on for nearly three years, thanks in part to the COVID-19 pandemic.
Canada Jetlines had a $38.3-million deficit and negative working capital of $14.9 million as of March 31. Police are asking people to avoid the Lloyd Street area after a serious crash at a busy downtown Sudbury intersection Wednesday morning.Death of neighbourhood deer sparks anger among Waterloo residents
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canada Jetlines halts operations, plans for creditor protectionCanada Jetlines has grounded all flights, temporarily ceasing operations amid a financial crisis at the carrier.
Read more »
Canada Jetlines becomes latest victim of cutthroat airline sectorLess than two years after it first hit the skies, Canada Jetlines has grounded its planes and ceased operations amid a cash crisis that caused it to become the third Canadian carrier in less than a year to stop flying.
Read more »
Canada Jetlines grounds flights, halts operations amid financial struggleThe discount airline said Thursday it has been unable to find the capital needed to keep flying and plans to file for creditor protection.
Read more »
Canada Jetlines halts operations, plans for creditor protectionCanada Jetlines has grounded all flights, temporarily ceasing operations amid a financial crisis at the carrier. The airline said Thursday it has been unable to find the capital needed to keep flying and plans to file for creditor protection.
Read more »
Canada Jetlines temporarily halts operations, plans to file for creditor protectionThe airline says it has been unable to find the financing needed to keep flying
Read more »
Canada Jetlines halts operations, plans for creditor protectionCanada Jetlines Ltd. says it plans to file for creditor protection and will temporarily halt operations starting today.
Read more »