Canada Jetlines To Begin Trading On The Neo Tomorrow

Canada Jetlines, whom was previously a subsidiary of Global Crossing (TSXV: JET), this morning announced that it is nearing completion of its spinout. The firm this morning indicated that it has been approved for listing on the Neo Exchange.

The company is expected to begin trading tomorrow, October 13, on the Neo. The firm will trade under the symbol “CJET” with trading to commence as of tomorrow’s open.

Originally attempting to break into the airline space in Canada years ago under an ultra low cost carrier, or ULCC, model, the company has since pivoted following its failure to acquire the needed capital to launch. The firm now bills itself as a “low cost tour and charter leisure carrier,” that is 100% equity financed.

The firm is currently expecting to service several sun destinations beginning early next year, which still remains subject to approval from both Transport Canada and the Canadian Transport Agency.


Information for this briefing was found via Sedar and Canada Jetlines. The author has no affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

Global Crossing Sees First Aircraft Starts Cargo Conversion, Bares Fleet Growth Plans For 2021

After securing the lease of four aircraft, Global Crossing Airlines (TSXV: JET), also known as...

Monday, November 1, 2021, 11:36:00 AM

Sudden Shutdown: What Canada Jetlines’ Demise Reveals About the Airline Industry

Canada Jetlines Operations (Cboe: CJET) abruptly ceased all airline operations on August 15, a decision...

Tuesday, August 20, 2024, 04:18:00 PM

Canada Jetlines Sees CEO Resign, Board Chair To Assume Role On Temporary Basis

Canada Jetlines (CBOE: CJET) has seen its chief executive officer hand in his resignation notice....

Friday, May 31, 2024, 08:42:20 AM

Global Crossing Secures Two More Aircraft For Its Fleet

Global Crossing Airlines (TSXV: JET) is set to add two more planes to its fleet....

Tuesday, March 8, 2022, 09:01:52 AM

Global Crossing Reports US$10.0 Million Investment By Ascent Global Logistics

Global Crossing Airlines (TSXV: JET) this morning announced that it will be conducting a US$10.0...

Wednesday, April 21, 2021, 08:43:49 AM