Jetlines Vacations Takes Off, Canada Jetlines Completes $13.5 Million Share Offering

Image: Canada Jetlines CEO Eddy Doyle. (Photo Credit: Canada Jetlines)
Image: Canada Jetlines CEO Eddy Doyle. (Photo Credit: Canada Jetlines)
Bruce Parkinson
by Bruce Parkinson
Last updated: 6:20 AM ET, Thu February 1, 2024

Canada Jetlines has officially launched Jetlines Vacations, offering all-inclusive vacation packages complete with airfare on Canada Jetlines, ground transportation, hotel accommodations, and options for leisure activities in destinations such as Montego Bay, Jamaica, Cancun, Mexico, and Orlando, Florida.

"Vacation-seekers now have choice with Jetlines Vacations,” said CEO Eddy Doyle. “We understand that travellers prioritize convenience, value, and seamless getaways. Through strategic partnerships and advantageous purchasing capabilities, we secure competitive rates, ensuring that our customers directly benefit."

Jetlines Vacations says it now offers over 15,000 room nights in sunny destinations.

The new tour operation is a wholly owned subsidiary of Canada Jetlines. All travellers who book through Jetlines Vacations receive free carry-on and first checked bag, along with free airport/hotel transfers.

Canada Jetlines A320-200

Canada Jetlines has officially launched Jetlines Vacations. (Photo Credit: Canada Jetlines)

On the Jetlines Vacations website currently, you’ll find packages to Negril, Montego Bay and Ocho Rios in Jamaica, as well as Cancun, Playa Mujeres and the Riviera Maya.

There’s a wide range of pricing options. For example, based on a February 24 7-night departure, travellers can book a week at the Grand Oasis Tulum Riviera starting from $1,629 per person, or blow out the budget with seven nights in the Royale Presidential Suite at the elegant Le Blanc Spa Resort Cancun, for $18,319 per person. On that date there are 29 hotel choices returned across Canada Jetlines routes.

Meanwhile, Canada Jetlines has closed on the final $7,466,688 In proceeds from its non-brokered private placement with a single arm’s length investor and has now raised a total of $13,500,001. 

The investor is Jetstream Aviation Inc., a Canadian corporation. With its recent purchase, Jetstream now holds approximately 50% of the issued and outstanding shares of Canada Jetlines. 

As part of the transaction, Jetstream has the right to nominate two directors to the Canada Jetlines board of directors. At this time, Gurdev Singh has been elected to the board, with a second to follow.

Canada Jetlines says it intends to use the net proceeds of share offering for aircraft acquisition, general corporate and working capital purposes. 

 

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