Canada Jetlines Operations, Canada's newest low-cost tour and leisure carrier, is pleased to announce that it is now listed on the NEO Exchange ("NEO") and available for trading in Canadian Dollars under the symbol CJET as of this morning.
Operations begin in early 2022 out of Toronto with a mission of offering exciting and convenient air travel for the lowest possible price.
Jetlines was developed in 2021 and is uniquely positioned in the Canadian market as a leisure airline offering more travel choices than competitors and more economical options with directfly access to coveted sun-destinations throughout North America.
"Timing is everything and this is the best opportunity to start an airline in over 20 years," remarked President and CEO, Eddy Doyle. "Following decades of limited flying options with increasing fares from competitors, travelers are looking to venture out again with a sense of ease. As a result of our strategic timing and low cost per available seat mile, we're able to provide a new level of travel transparency and convenience at postCOVID rates."
The 100% equity financed launch of Jetlines following the height of the pandemic, requires an experienced management team and world-class Board of Directors that are as resilient as the brand. The all-Canadian leadership team represents more than 100 years of combined experience in the Canadian Global airline and travel industry.
Possessing more than 35 years of experience in aviation and 11,000 hours flying, CEO Ed Doyle most recently served as Deputy-CEO at Bamboo Airways, where he helped launch the airline, after retiring as Vice President Flight Operations for Air Canada.
There he was responsible for nearly 4,000 pilots, dispatchers, and administration staff prior to retiring from the airline. Chief Commercial Officer, Duncan Bureau is a dynamic Global Business Executive with more than twenty-five years holding various roles within the airline industry, including Vice President Sales & Distribution Westjet Airlines, Senior Vice President Sales & Distribution Malaysia Airlines, President Air Canada Rouge and most recently Senior Vice President Sales & Distribution at Etihad Airways.
Jetlines has selected the A320 as its fleet standard, with a projected growth of 15 aircrafts by 2025, offering the best-in-class operating economics, customer comfort and fly-by-wire technology. With the goal of providing a guest centric experience from the first touchpoint, Jetlines will use a state-of-the-art web booking platform, making the turnkey solution available to tour operators along with consumers, and to generate revenue on reservations and planned ancillary sales.
The efficient aircraft design merged with the experience of the management suite allows for affordable flight options without sacrificing quality and convenience. "This is an important milestone for Jetlines," continued Eddy Doyle. "After thoroughly reviewing all of the potential options to list in Canada, we are convinced that listing on the NEO, a senior stock exchange, best raises our profile among retail and institutional investors and provides a platform from which to expand our shareholder base as we execute our growth and value creation plans."
The NEO is home to more than 160 corporate and ETF listings, and consistently facilitates close to 15% of all Canadian trading volume.
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