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Last week, I wrote about Canada Jetlines, the Canadian airline headquartered in Ontario that served leisure destinations adding to its flight offerings. Now, it appears that the airline has ceased operations, immediately.
Lucky at One Mile at a Time writes that Canada Jetlines was unable to raise the capital it needed to keep its operations running and has cancelled all flights. Passengers with active bookings have been told to contact their credit card providers for refunds. The company intends to file for creditor protection.
Deleted my previous post because they opened sales for more airports.
YYZ-PIE/MIA/FLL/FDF are each 1x weekly, YYZ-POP is 2x weekly, YYZ-TQO is 3x weekly. MIA was supposed to start this summer, got canceled before launch, but now it’s back.
— Ishrion Aviation (@IshrionA) August 8, 2024
Canada Jetlines launched its inaugural flight in September 2022 and operates scheduled and charter flights in the Americas and the Caribbean. Its most recent update included flights from St. Pete-Clearwater International Airport (PIE). This caught my eye as the airport is one that I have not flown from in many years. It’s dominated by Allegiant and seeing another airline fly there was exciting. It doesn’t look like I’ll get to try out this flight now.
A spokesperson for the airline said:
The continuing operations of the Company have been dependent upon the Company’s ability to raise adequate financing and to grow the airline to the point where it can commence profitable operations. The Company has historically financed its future requirements through a combination of debt, equity or other facilities.
The company pursued all available financing alternatives including strategic transactions and equity and debt financings. Unfortunately despite these efforts, the company has been unable to obtain the financing required to continue operations at this time.”
The airline has apparently been in financial trouble for some time. In June, the company’s CEO resigned. A new interim CEO stepped in, but four board members (along with her) quit this past Monday. This is the second Canadian airline to go out of business this year. Back in February, I wrote about Lynx Air ceasing its operations (another carrier I wanted to try out of Tampa).
(Featured Image Credit: Canada Jetlines.)
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Advertiser & Editorial Disclosure: The Bulkhead Seat earns an affiliate commission for anyone approved through the links above This compensation may impact how and where links appear on this site. We work to provide the best publicly available offers to our readers. We frequently update them, but this site does not include all available offers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities.
