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Another Canada airline fails
Canada Jetlines has grounded all flights and is set file for bankruptcy protection.
Flight operations ceased with immediate effect after been unable to secure adequate funding to continue.
“The company pursued all available financing alternatives including strategic transactions and equity and debt financings,” the airline said.
“The company has been unable to obtain the financing required to continue.”
Customers with bookings have been urged to contact their credit card company to seek refunds.
The shutdown follows the resignation of four executives on Monday, including CEO Brigitte Goersch.
The airline initially offered domestic routes and was more recently focused on vacation flights to destinations in the US, Caribbean and Mexico.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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