Canada Jetlines Receives an Air Operator Certificate from Transport Canada

TORONTO, August 18, 2022–(BUSINESS WIRE)–Canada Jetlines Operations Ltd. (NEO: CJET) (“Airlines of Canada“), the new all-Canadian leisure airline, has received its air operator certificate (AOC) from Transport Canada, granting clearance to undertake operations from its travel hub at Pearson International Airport of Toronto (YYZ).

Obtaining the AOC confirms that Canada Jetlines has all the required professional skills and complies with all the safety rules necessary for the operation of aircraft. Canada Jetlines is eagerly awaiting its maiden flight and will release new destinations and updated schedules shortly.

“The entire Canada Jetlines team is thrilled to be awarded our AOC after meeting all necessary operating standards and passing all inspections,” said Eddy Doyle, CEO of Canada Jetlines. “We thank Transport Canada and greatly appreciate their tireless efforts and diligence in approving new airlines. We look forward to our launch date, meeting the growing demand for convenient leisure travel in Canada and beyond and providing more options for exploring the world.”

Visit Jetlines.com to learn more and make reservations and vacation packages through your favorite travel agent. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

About Canada Jetlines
Canada Jetlines is a well-capitalized leisure-oriented air carrier, using a growing fleet of Airbus 320s launching in the summer of 2022, subject to Transport Canada approval. The airline was created to provide Canadians with valuable vacation choices and convenient travel options to fly to fantastic leisure destinations in Canada, the United States, Cuba, Jamaica, Saint Lucia, Antigua, Bahamas and other Caribbean countries. Canada Jetlines will deliver exciting vacation packages to iconic Canadian destinations and beyond through strong partnerships with airports, CVBs, tourism entities, hotels, hotel brands and attractions. With a projected growth of 15 aircraft by 2025, Canada Jetlines aims to deliver the best in operating economics, customer comfort and electric flight technology, delivering a customer-centric experience from the first point of contact. The efficient aircraft design combined with the experience of the all-Canadian management team allows for accessible flight options without sacrificing quality or convenience. The carrier will use a state-of-the-art online booking platform, making the turnkey solution available to consumers, travel agents and tour operators, with the ability to generate revenue on bookings and ancillary sales in an effort to provide more revenue opportunities. to current and future Grant Agents and all the work they do. We look forward to working with you to create memorable travel experiences for consumers. To learn more, please visit www.jetlines.com and follow on all social media platforms for news and updates.

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Caution Regarding Forward-Looking Information
This press release contains “forward-looking information” regarding anticipated developments and events that may occur in the future. Forward-looking information contained in this press release includes, but is not limited to, the company’s intention to operate as a leisure airline, the intention to offer the lowest possible price, the number of aircraft it intends to operate, the destinations of its planned flights, the planned schedules and schedules of inaugural flights, additional travel options and the activities of Jetlines.

In some cases, forward-looking information can be identified by the use of words such as “plans”, “expects”, “budget”, “expected”, “estimates”, “anticipates”, “intends”, ” anticipates” or variations of such words and phrases or statements that certain actions, events or results “could”, “could”, “would”, “could” or “will be taken”, “occur” or “will be achieved” suggesting future results, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements regarding future events or performance. The forward-looking information contained in this press release is based on certain factors and assumptions regarding, among other things, the receipt of funding to start flight operations; the accuracy, reliability and success of Jetlines’ business model; the timely receipt of government approvals, including from the CTA and Transport Canada; Jetlines reaching a definitive agreement for the planes to begin flight operations; the rapid start of operations by Jetlines and the success of these operations; the legislative and regulatory environments of the jurisdictions where Jetlines will operate or carry on business; the impact of competition and the competitive response to Jetlines’ business strategy; and aircraft availability. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. These factors include risks relating to the ability to obtain financing on acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the Company’s inability to enter into definitive agreements to aircraft acquisition, supply chain disruptions leading to schedule delays, impact of global uncertainty created by COVID-19, future shareholder relationships, fuel price volatility , increased operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, management’s ability to implement Jetlines’ operating strategy, ability to attract qualified executives and personnel, labor disputes, regulatory risks, including risks related to obtaining necessary licenses and permits with Transport Canada, the Canadian Transportation Agency and other regulatory agencies, and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with competent Canadian securities authorities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or expected. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this press release. Except as required by applicable securities laws, the Company undertakes no obligation to publicly update any forward-looking information.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220818005744/en/

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