- Canada Jetlines (CJET) has closed its latest round of financing
- The Ontario-based ultra-low-cost startup raised $150,000 through a non-brokered private placement with its new Chair, Brigitte Goersch
- The company has also signed an unsecured loan agreement for $1,000,000 with Roosheila Group
- Net proceeds from the financing and loan will be used for aircraft acquisition
- Canada Jetlines is a well-capitalized leisure-focused air carrier servicing Canada, the U.S. and the Caribbean
- Canada Jetlines (CJET) is down by 3.85 percent trading at $0.25 per share
Canada Jetlines (CJET) has closed its latest round of financing.
The Ontario-based ultra-low-cost startup raised $150,000 through a non-brokered private placement with its new Chair, Brigitte Goersch.
The company has also signed an unsecured loan agreement for $1,000,000 with Roosheila Group. The loan carries a 7-percent annual interest rate and comes due in 48 months’ time.
Net proceeds from the financing and loan will be used for aircraft acquisition.
The company currently operates a small but growing fleet of Airbus A320 aircraft, offering value vacations and travel options.
Growth predictions call for the carrier to be operating 15 Airbus aircraft by 2025.
It launched operations between Calgary and Toronto in September.
The company added its second Airbus to the fleet in September and plans to begin twice-weekly flights to Vancouver from Toronto’s Pearson International Airport on December 9.
Canada Jetlines is a well-capitalized leisure-focused air carrier servicing Canada, the U.S. and the Caribbean.
Canada Jetlines (CJET) is down by 3.85 percent trading at $0.25 per share as of 9:58 am ET.
