09-07-2017, 11:48 AM
Canada Jetlines Signs Letter of Intent
for Boeing 737-800NG Aircraft
September 07, 2017
VANCOUVER, BRITISH COLUMBIA, Canada Jetlines Ltd. (JET: TSX-V) (the “Company” or “Jetlines”) today announced that it has entered into a Letter of Intent for two Boeing 737-800NG aircraft with a major U.S. based aircraft leasing firm for delivery in April 2018.
Jetlines CEO Stan Gadek said, “This agreement marks an important step in securing our aircraft fleet to become Canada’s first Ultra-Low Cost Carrier (“ULCC”). The 737-800NG is the aircraft of choice for ULCCs world-wide and will give Jetlines the ability to offer Canadians Ultra-Low Fares to points in Canada, the U.S., Mexico, and the Caribbean.”
Jetlines plans to operate modern Boeing 737-800NG aircraft in a 189 seat, all-coach configuration. Jetlines believes that Canadians deserve to have affordable low fares with the added convenience of operating from secondary airports. Additional services for baggage, seat selection and onboard beverages will be available to customers for an additional charge. Jetlines is planning to begin ticket sales through its website www.jetlines.ca in Spring 2018 and targeting start of flight operations for Summer 2018, subject to government approval.
Gadek went on to say, “Canadians are paying far too much for air travel and we intend to change that when we take to the skies. These aircraft are the perfect choice and will bring affordable ticket prices to Canada.”
Toronto Press Conference
Press and media are invited to attend the event with Canada Jetlines CEO Stan Gadek and Executive Chairman Mark Morabito.
The event will take place at the offices of Fasken Martineau:
* Monday, September 11, 2017
* 10 AM (Eastern)
* Bay Adelaide Center
* 2400 – 333 Bay Street
* Toronto, Ontario
The event will also be broadcast on YouTube Live and accessible through the link below: https://www.youtube.com/watch?v=62MCyfwTzzc