Canada’s Jetlines makes ‘significant advancements’ in bid to launch ULCC operations

Canada’s Jetlines has made significant advancements towards launching commercial airline operations, the airline said in a recent filing. Commercial agreements have been concluded with airports, suppliers, service providers and other key stakeholders. Jetlines has also made progress in the licensing process through the submission of operations manuals and licensing documents to Transport Canada and the Canadian Transportation Agency. However, the completion of the financing required to launch airline operations remains critical to Jetlines continued advancement and launch, the airline said. With regards to financing efforts, Jetlines is currently discussing the opportunity with a number of institutions whose investments would be