TORONTO, ON / ACCESSWIRE / May 31, 2024 / Canada Jetlines Operations Ltd. (Cboe
CA:CJET) ("Canada Jetlines" or the "Company"), a leisure carrier which also offers charter
and ACMI (Aircraft Crew Maintenance Insurance) services, announced today that Eddy Doyle,
the Company's current CEO, will retire as of June 30, 2024 after serving in the role since 2021.
The Board of Directors has initiated a CEO recruitment search to identify an experienced leader
to succeed Mr. Doyle and guide the airline on a path of continued growth. During the search
period, Ms. Brigitte Goersch, the current Chair of the Board, will also assume the role as Chief
Executive Officer.
"After leading the Company through licensing, start-up and growth of its aircraft fleet, Eddy has
notified the board of his intention to retire," said Brigitte Goersch, Chair of Board of Directors.
"I have been active with management in my position as Chair and I will assume the role as Chief
Executive Officer to assure a smooth transition and continue to grow revenue as we recruit
Eddy's successor. It has been a great pleasure to work with Eddy over the last few years and I
thank him for his dedication and contribution to Canada Jetlines."
Eddy Doyle added: "It has been a great honour and opportunity to build Canada Jetlines from the
ground up. I have been contemplating retirement for some time and now that the Company is set
up with great ACMI contracts that will have Jetlines flying five aircraft for the coming months, I
thought the timing was right for Jetlines and myself to finally retire."
Ms. Goersch is the President of Lionheart Enterprises and acts as an aviation industry advisor to
a multi-billion EUR global investment organization. During a 14 year period, Ms. Goersch was
the Deputy Executive Director, Greater Orlando Aviation Authority - a top 10 US airport. Earlier
in her career, Ms. Goersch served as a Pilot and Lieutenant Colonel in the U.S. Air Force and as
an Aviation Safety Inspector for the Federal Aviation Administration. Ms. Goersch has been a
Board member of the Florida Board of Medicine, Florida Board of Pharmacy and National Safe
Skies Alliance.
About Canada Jetlines
Canada Jetlines Operations Ltd. (Cboe CA: CJET), trading as "Canada Jetlines," is a Canadian
leisure airline, which also offers charter and ACMI services, committed to providing an exciting
travel experience to its passengers. With a growing network of destinations, Canada Jetlines is
dedicated to connecting Canadians with some of the world's most captivating and sought-after
locations.
Media Contact:
Erica Dymond
media@jetlines.ca
416-587-6183
Investor Contact:
Alyssa Barry

604-997-0965
invest@jetlines.ca
Connect With Us!
Instagram: @ca_jetlines
Twitter: @ca_jetlines
Facebook: @CAJetlines
LinkedIn: www.linkedin.com/company/jetlines
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" concerning anticipated developments
and events that may occur in the future. Forward-looking information contained in this news
release includes but is not limited to the Company's intention to operate as a leisure airline, the
number of aircraft it intends to operate, the destinations of intended flights, the frequency of
flights, details of the Chief Executive Officer search plan and continued revenue growth.
In certain cases, forward-looking information can be identified by the use of words such as
"plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates"

Canada Jetlines to Announce Q1 2024 Earnings Results

TORONTO, May 6, 2024 – Canada Jetlines Operations Ltd. (Cboe CA: CJET) (“Canada Jetlines” or the “Company”), one of Canada’s leading leisure airlines, announces that it intends to release first quarter 2024 results prior to market open on Monday, May 13, 2024. Company management will then conduct a Webcast (with call in details) to provide a business update and discuss the first quarter results in greater detail at 1 pm ET on Monday, May 13, 2024.

Shareholders, analysts and members of the business media are invited to join the conference call and webcast.

When: May 13, 2024 01:00 PM Eastern Time (US and Canada)

Topic: Canada Jetlines Operations Ltd. – Q1 2024 Earnings Release & Management Update

Link to registration and live webinar:

https://www.webcaster4.com/Webcast/Page/3034/50417

If you prefer to dial in and speak with an operator:

Dial Canada/USA toll free at 1-888-506-0062 or 1-973-528-0011 for callers outside of North America. The access code is 105800.

After registering, you will receive a confirmation email containing information about joining the webinar.

More information on Canada Jetlines including its growing list of destinations can be found on www.jetlines.com. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

About Canada Jetlines

Canada Jetlines Operations Ltd. (Cboe CA: CJET), trading as “Canada Jetlines,” is a Canadian leisure airline committed to providing an exciting travel experience to its passengers. With a growing network of destinations, Canada Jetlines is dedicated to connecting Canadians with some of the world’s most captivating and sought-after locations.

Media Contact:

Erica Dymond

media@jetlines.ca

Investor Contact:

invest@jetlines.ca

Connect With Us!

Instagram: @ca_jetlines

Facebook: @CAJetlines

LinkedIn: www.linkedin.com/company/jetlines

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes but is not limited to the Company’s status as a leading leisure airline, the number of aircraft it intends to operate, the destinations of intended flights, the Company’s growth strategy, the timeline for release of financial results, the provision of exciting travel experience to its passengers, the growing network of destinations, and the dedication to connecting Canadians with some of the world’s most captivating and sought-after locations.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to continue airline operations, the accuracy, reliability and success of Jetlines’ business model; the continued compliance with the terms of governmental approvals; Jetlines concluding definitive agreements for additional aircraft; the success of operations by Jetlines the legislative and regulatory environments of the jurisdictions where Jetlines will carry on business or have operations; the impact of competition and the competitive response to Jetlines’ business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude definitive agreements to acquire additional aircraft, supply chain disruptions causing delays in expected timelines, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement Jetlines’ operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of (or compliance with) the necessary licenses from regulatory agencies, and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

TORONTO, ON, April 5, 2024 – Canada Jetlines Operations Ltd. (Cboe CA: CJET) (“Canada Jetlines” or the “Company”), a prominent leisure airline in Canada, announced today that Mr. Brad Warren, Chief Operating Officer (COO), at Canada Jetlines will be leaving the Company at the end of April 2024 to pursue another opportunity in the industry. Brad joined Canada Jetlines in April 2021 as Vice-President of Maintenance and was promoted to Chief Operating Officer in the summer of 2022.

“Brad has been instrumental in helping us build this Company from the time of signing the first aircraft to what will soon be six aircraft in operations and help Canada Jetlines achieve the operational strength and reliability it enjoys today. It has been a great pleasure to work with Brad over the last few years and I thank him for his dedication and extensive contribution to Canada Jetlines. I know he will continue to have a successful career in the industry,” said Eddy Doyle CEO & President at Canada Jetlines.

In his time as COO, Brad assembled a high performing team of experienced individuals in maintenance, airport and flight operations that will ensure the continuous operational success of the Company.

About Canada Jetlines

Canada Jetlines Operations Ltd. (Cboe CA: CJET), trading as “Canada Jetlines,” is a Canadian leisure airline committed to providing an exciting travel experience to its passengers. With a growing network of destinations, Canada Jetlines is dedicated to connecting Canadians with some of the world’s most captivating and sought-after locations.

Investor Contact:

Alyssa Barry

invest@jetlines.ca

Media Contact:

Julie Rempel media@jetlines.ca

Connect With Us!

Instagram: @ca_jetlines Twitter: @ca_jetlines Facebook: @CAJetlines

LinkedIn: www.linkedin.com/company/jetlines
Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes but is not limited to the Company’s intention to operate as a leisure airline, the number of aircraft it intends to operate, the destinations of intended flights, the frequency of flights, the continuous operational success of the Company and business of Jetlines.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward- looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to continue airline operations, the accuracy, reliability and success of Jetlines’ business model; the continued compliance with the terms of governmental approvals; Jetlines concluding definitive agreements for additional aircraft; the success of operations by Jetlines the legislative and regulatory environments of the jurisdictions where Jetlines will carry on business or have operations; the impact of competition and the competitive response to Jetlines’ business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude definitive agreements to acquire additional aircraft, supply chain disruptions causing delays in expected timelines, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement Jetlines’ operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of (or compliance with) the necessary licenses from regulatory agencies, and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results

not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

TORONTO, ON, April 1, 2024 – Canada Jetlines Operations Ltd. (Cboe CA: CJET)
(“Canada Jetlines” or the “Company”), a prominent leisure airline in Canada,
announced today the launch of a new route connecting Toronto, Ontario to Miami,
Florida. Beginning June 29, 2024, travelers can experience the convenience of flying
between the two cities.
In time for summer vacation planning, introductory pricing is now available, starting from
$179* for one-way fares from Toronto.
With Miami being a popular destination for leisure and cruise travelers, the addition of
this route further enhances the airline’s offering and strengthens its position in the
Canadian aviation market.
Eddy Doyle, CEO of Canda Jetlines, expressed his enthusiasm for the new route,
stating, “We are thrilled to introduce direct flights from Toronto to Miami, offering our
customers greater options when planning their travels.”
The new route schedule is as follows:
• Toronto (YYZ) to Miami (MIA) – 1x weekly, starting June 29, 2024
• Miami (MIA) to Toronto (YYZ) – 1x weekly, starting June 29, 2024
Additionally, travelers can now benefit from the ease and savings of booking a Jetlines
Vacations summer escape package in Orlando and central Florida departing from
Halifax or Toronto. This strategic expansion aligns with Canada Jetlines’ commitment to
providing diverse travel options and fostering strong connections between people and
destinations.
*The mentioned fares are subject to availability, and terms and conditions apply. Please
refer to www.jetlines.com for further details.
About Canada Jetlines
Canada Jetlines Operations Ltd. (Cboe CA: CJET), trading as “Canada Jetlines,” is a
Canadian leisure airline committed to providing an exciting travel experience to its
passengers. With a growing network of destinations, Canada Jetlines is dedicated to
connecting Canadians with some of the world’s most captivating and sought-after
locations.

Media Contact:
Julie Rempel
media@jetlines.ca

Investor Contact:
Alyssa Barry
invest@jetlines.ca
Connect With Us!
Instagram: @ca_jetlines
Twitter: @ca_jetlines
Facebook: @CAJetlines
LinkedIn: www.linkedin.com/company/jetlines
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" concerning anticipated
developments and events that may occur in the future. Forward-looking information
contained in this news release includes but is not limited to the Company’s intention to
operate as a leisure airline, the number of aircraft it intends to operate, the destinations
of intended flights, the frequency of flights, availability of the airfare disclosed in this news
release growth plans and business of Jetlines.
In certain cases, forward-looking information can be identified by the use of words such
as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or variations of such words and phrases or statements that certain actions,
events or results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives,

assumptions, intentions or statements about future events or performance. Forward-
looking information contained in this news release is based on certain factors and

assumptions regarding, among other things, the receipt of financing to continue airline
operations, the accuracy, reliability and success of Jetlines’ business model; the
continued compliance with the terms of governmental approvals; Jetlines concluding
definitive agreements for additional aircraft; the success of operations by Jetlines the
legislative and regulatory environments of the jurisdictions where Jetlines will carry on
business or have operations; the impact of competition and the competitive response to
Jetlines’ business strategy; and the availability of aircraft. While the Company considers
these assumptions to be reasonable based on information currently available to it, they
may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance or achievements
expressed or implied by the forward-looking information. Such factors include risks
related to, the ability to obtain financing at acceptable terms, the impact of general

economic conditions, domestic and international airline industry conditions, the failure of
the Company to conclude definitive agreements to acquire additional aircraft, supply
chain disruptions causing delays in expected timelines, the impact of the global
uncertainty created by COVID-19, future relations with shareholders, volatility of fuel
prices, increases in operating costs, terrorism, pandemics, natural disasters, currency
fluctuations, interest rates, risks specific to the airline industry, the ability of management
to implement Jetlines’ operational strategy, the ability to attract qualified management and
staff, labour disputes, regulatory risks, including risks relating to the acquisition of (or
compliance with) the necessary licenses from regulatory agencies, and the additional
risks identified in the "Risk Factors" section of the Company's reports and filings with
applicable Canadian securities regulators. Although the Company has attempted to
identify important factors that could cause actual results to differ materially from those
described in forward-looking information, there may be other factors that cause results
not to be as anticipated, estimated or intended. Accordingly, readers should not place
undue reliance on forward-looking information. The forward-looking information is made
as of the date of this news release. Except as required by applicable securities laws, the
Company does not undertake any obligation to publicly update any forward-looking

Canada Jetlines (Cboe CA: CJET) Enters ACMI Lease Agreement with Air Arabia Moroc
TORONTO, ON, March 26, 2024 – Canada Jetlines Operations Ltd. (Cboe CA: CJET) (“Canada Jetlines” or the “Company”),

Under the terms of the agreement, two of Canada Jetlines’ A320 aircraft will operate flights between Western European destinations and Morocco. The lease duration spans three months, commencing mid-June through to mid-September 2024.

Eddy Doyle, CEO of Canada Jetlines, highlighted the significance of the agreement, stating, “Our partnership with Air Arabia Moroc marks a strategic step forward in our business plan of providing Wetlease/ACMI services for reputable partners. By leveraging this agreement, we are not only maximizing the utilization of our aircraft during the busy summer months in Europe but also solidifying our position as a premier provider of tailored aviation solutions. This agreement underscores the sustainable growth plan for Canada Jetlines.”

The aircraft will return to service in key North America markets for the fall/winter leisure season.

About Canada Jetlines

Canada Jetlines Operations Ltd. (Cboe CA: CJET), trading as “Canada Jetlines,” is a Canadian leisure airline committed to providing an exciting travel experience to its passengers. With a growing network of destinations, Canada Jetlines is dedicated to connecting Canadians with some of the world’s most captivating and sought-after locations.

Investor Contact:

Alyssa Barry

invest@jetlines.ca

Media Contact:

Julie Rempel media@jetlines.ca

Connect With Us!

Instagram: @ca_jetlines
Twitter: @ca_jetlines
Facebook: @CAJetlines
LinkedIn: www.linkedin.com/company/jetlines

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes but is not limited to the Company’s intention to operate as a leisure airline, the number of aircraft it intends to operate, the destinations of intended flights, the frequency of flights, the delivery of additional aircraft, the terms of the agreement with Air Arabia, the utilization of aircraft during the busy summer months, the Company’s position as a premier provider of tailored aviation solutions, the Company’s growth strategy, the offering of more routes and destinations to meet the growing demand for leisure travel and business of Jetlines.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward- looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to continue airline operations, the accuracy, reliability and success of Jetlines’ business model; the continued compliance with the terms of governmental approvals; Jetlines concluding definitive agreements for additional aircraft; the success of operations by Jetlines the legislative and regulatory environments of the jurisdictions where Jetlines will carry on business or have operations; the impact of competition and the competitive response to Jetlines’ business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude definitive agreements to acquire additional aircraft, supply chain disruptions causing delays in expected timelines, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management

to implement Jetlines’ operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of (or compliance with) the necessary licenses from regulatory agencies, and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

TORONTO, ON, March 20, 2024 – Canada Jetlines Operations Ltd. (Cboe CA: CJET)

(“Canada Jetlines” or the “Company”),one of Canada’s leading leisure airlines, announces that

it intends to release fourth quarter and full year 2023 results prior to open of market on Thursday, March 28. Company management will then conduct a Webcast (with call in details) to provide a business update and discuss the fourth quarter and full year 2023 results in greater detail at 4 pm

ET on Thursday, March 28.

Shareholders, analysts and members of the business media are invited to join the conference call and webcast. When: March 28, 2024 04:00 PM Eastern Time (US and Canada) Topic: Canada Jetlines Operations Ltd. – Q4 2023 Earnings Release & Management Update Link to live webinar: https://event.choruscall.com/mediaframe/webcast.html?webcastid=Uh3V1lHN Register in advance for this webinar: https://services.choruscall.ca/DiamondPassRegistration/register?confirmationNumber=1002313 6&linkSecurityString=1ce9810860 If you prefer to dial in and speak with an operator: Dial Canada/USA Toll Free: 1-800-319-4610 or +1-604-638-5340 After registering, you will receive a confirmation email containing information about joining the webinar. More information on Canada Jetlines including its growing list of destinations can be found

onwww.jetlines.com. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

About Canada Jetlines

Canada Jetlines Operations Ltd. (Cboe CA: CJET), trading as “Canada Jetlines,” is a Canadian leisure airline committed to providing an exciting travel experience to its passengers. With a growing network of destinations, Canada Jetlines is dedicated to connecting Canadians with some of the world’s most captivating and sought-after locations.

Media Contact:

Julie Rempel

media@jetlines.ca

204.807.2900

Investor Contact:

Alyssa Barry

invest@jetlines.ca

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes but is not limited to the Company’s status as a leading leisure airline, the number of aircraft it intends to operate, the destinations of intended flights, the Company’s growth strategy, the timeline for release of financial results, the provision of exciting travel experience to its passengers, the growing network of destinations, and the dedication to connecting Canadians with some of the world’s most captivating and sought-after locations.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to continue airline operations, the accuracy, reliability and success of Jetlines’ business model; the continued compliance with the terms of governmental approvals; Jetlines concluding definitive agreements for additional aircraft; the success of operations by Jetlines the legislative and regulatory environments of the jurisdictions where Jetlines will carry on business or have operations; the impact of competition and the competitive response to Jetlines’ business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude definitive agreements to acquire additional aircraft, supply chain disruptions causing delays in expected timelines, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement Jetlines’ operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of (or compliance with) the necessary licenses from regulatory agencies, and the additional risks

Connect With Us! Instagram: @ca_jetlines Twitter: @ca_jetlines Facebook: @CAJetlines LinkedIn: www.linkedin.com/company/jetlines

Cautionary Note Regarding Forward-Looking Information

identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

TORONTO, ON, March 18, 2024 – Canada Jetlines Operations Ltd. (Cboe CA: CJET) (“Canada Jetlines” or the “Company”), one of Canada’s leading leisure airlines, announced the delivery of one (1) Airbus A320-200 on long-term lease from Aviation Capital Group LLC (ACG), a premier global aircraft asset manager. This is the Company’s fourth aircraft and it has signed lease agreements for two additional Airbus A320 aircraft that are scheduled for delivery in Q2 2024.

Eddy Doyle, Canada Jetlines CEO, stated, “We are excited to partner with Aviation Capital Group LLC and welcome this new addition to our fleet. This A320-200 delivery marks a significant step in our growth strategy, allowing us to enhance our service offerings and expand our operations to better serve our customers. Canada Jetlines’ unique business strategy of focusing on charter/ACMI flights, along with a leisure destination focused scheduled service operation, allows it to be competitive with a sustainable growth strategy.”

Alan Mangels, Vice President of Marketing for ACG, expressed enthusiasm about the partnership, stating, “ACG is proud to broaden its footprint in North America and is pleased to welcome Canada Jetlines as a new lessee. We look forward to this new, long-term partnership.”

This lease agreement with ACG aligns with Canada Jetlines’ goal to provide air travel and vacation experiences for Canadians. The A320-200 will further strengthen Canada Jetlines’ fleet enabling the airline to offer more routes and destinations to meet the growing demand for leisure travel, charter and ACMI flights.

About Canada Jetlines

Canada Jetlines Operations Ltd. (Cboe CA: CJET), trading as “Canada Jetlines,” is a Canadian leisure airline committed to providing an exciting travel experience to its passengers. With a growing network of destinations, Canada Jetlines is dedicated to connecting Canadians with some of the world’s most captivating and sought-after locations.

204.807.2900

Media Contact:

Julie Rempel media@jetlines.ca

Investor Contact:

Alyssa Barry

invest@jetlines.ca

Connect With Us! Instagram: @ca_jetlines Twitter: @ca_jetlines Facebook: @CAJetlines

LinkedIn: www.linkedin.com/company/jetlines Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes but is not limited to the Company’s intention to operate as a leisure airline, the number of aircraft it intends to operate, the destinations of intended flights, the frequency of flights, the delivery of additional aircraft, the Company’s growth strategy, the offering of more routes and destinations to meet the growing demand for leisure travel and business of Jetlines.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward- looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to continue airline operations, the accuracy, reliability and success of Jetlines’ business model; the continued compliance with the terms of governmental approvals; Jetlines concluding definitive agreements for additional aircraft; the success of operations by Jetlines the legislative and regulatory environments of the jurisdictions where Jetlines will carry on business or have operations; the impact of competition and the competitive response to Jetlines’ business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude definitive agreements to acquire additional aircraft, supply chain disruptions causing delays in expected timelines, the impact of the global

uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement Jetlines’ operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of (or compliance with) the necessary licenses from regulatory agencies, and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Canada Jetlines (Cboe CA: CJET) Forges Partnership with European Carrier.  

TORONTO, ON, March 4, 2024 – Canada Jetlines Operations Ltd. (Cboe CA: CJET) (“Canada Jetlines” or the “Company”) announced a strategic wet lease agreement with a prominent European carrier. The agreement underscores the surging global demand for A320 aircraft. 

Set to begin with one aircraft in late April 2024 for a period of 6 months and with a second aircraft in late June for a period of 3 months, the collaboration reflects Canada Jetlines operational ability in maximizing fleet utilization by deploying its aircraft and crew to Europe in the summer.  

Eddy Doyle, Jetlines CEO, stated, “In January, we announced the expansion of our fleet to 6 aircraft.  The utilization of these planes is widely needed in Europe during their busy season. The two planes will return to Canada for our busy fall/winter travel period to leisure destinations. This partnership underscores our commitment to maximizing efficiency and meeting the seasonal demands of our customers.” 

Canada Jetlines summer schedule includes the following destinations:

• Toronto (YYZ) to Halifax (YHZ) 
• Halifax (YHZ) to Orlando (MCO) 
• Toronto (YYZ) to Orlando (MCO)
• Toronto (YYZ) to Montego Bay (MBJ)
• Toronto (YYZ) to Cancun (CUN) 

About Canada Jetlines

Canada Jetlines Operations Ltd. (Cboe CA: CJET), trading as “Canada Jetlines,” is a Canadian leisure airline committed to providing an exciting travel experience to its passengers.  With a growing network of destinations, Canada Jetlines is dedicated to connecting Canadians with some of the world’s most captivating and sought-after locations. 

Media Contact:

Julie Rempel

media@jetlines.ca

204.807.2900

Investor Contact: 

Alyssa Barry

invest@jetlines.ca

Connect With Us!

Instagram: @ca_jetlines

Twitter: @ca_jetlines

Facebook: @CAJetlines

LinkedIn: www.linkedin.com/company/jetlines

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes but is not limited to the Company’s intention to operate as a leisure airline, the number of aircraft it intends to operate, the destinations of intended flights, the frequency of flights, the terms of the wet lease agreement, the Company maximizing its fleet utilization, the anticipated busy fall/winter travel period to leisure destinations, and Jetlines maximizing efficiency and meeting the seasonal demands of its customers, and business of Jetlines.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to continue airline operations, the accuracy, reliability and success of Jetlines’ business model; the continued compliance with the terms of governmental approvals; Jetlines concluding  definitive agreements for additional aircraft; the success of operations by Jetlines the legislative and regulatory environments of the jurisdictions where Jetlines will carry on business or have operations; the impact of competition and the competitive response to Jetlines’ business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms,  the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude definitive agreements to acquire additional aircraft, supply chain disruptions causing delays in expected timelines, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement Jetlines’ operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of (or compliance with) the necessary licenses from regulatory agencies, and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Canada Jetlines (Cboe CA: CJET) Expands Reach with New Routes to/from Halifax, Nova Scotia

TORONTO, ON, February 13, 2024 – Canada Jetlines Operations Ltd. (Cboe CA: CJET) (“Canada Jetlines” or the “Company”) announces its commitment to enhancing travel options for leisure travelers by unveiling new routes that will connect Toronto to Halifax and Halifax to Orlando, Florida, thereby marking the Company’s second Canadian destination.

To celebrate this significant milestone, Canada Jetlines is thrilled to introduce enticing one-way fares starting as low as $89* from Toronto to Halifax and $199* from Halifax to Orlando.

Set to commence operations on June 1st, these new routes are strategically designed to meet the increasing demand for travel to the East Coast during the summer months. Furthermore, the introduction of direct service from Halifax to Orlando offers Nova Scotians access to exciting vacation experiences in one of Florida’s most beloved destinations.

“We’re excited to welcome Canada Jetlines to Halifax Stanfield with new connections to Toronto and Orlando,” said Marie Manning, Vice President & Chief Commercial Officer, Halifax International Airport Authority. “This service expansion to both markets will enable increased visitation to the province and provide more choice for our passengers looking to travel this summer.”

Eddy Doyle, Jetlines CEO, stated, “We are thrilled to expand service this summer to our second Canadian city, Halifax. As the airline offering the most direct service from Halifax to Orlando this summer, we’re bringing the magic of travel to even more Canadians.”

The new route schedule is as follows:

• Toronto (YYZ) to Halifax (YHZ) – 2x weekly, star9ng June 1 – Oct. 23

• Halifax (YHZ) to Toronto (YYZ) – 2x weekly, star9ng June 3 – Oct. 24

• Halifax (YHZ) to Orlando (MCO) – 2x weekly, star9ng June 2 – Oct. 23

• Orlando (MCO) to Halifax (YHZ) – 2x weekly, star9ng June 3 – Oct. 24

  Additionally, beginning in March, travelers can benefit from the ease and savings of booking a Jetlines Vacations summer escape package in Orlando and central Florida departing from Halifax or Toronto. This strategic expansion aligns with Canada Jetlines’

commitment to providing diverse travel options and fostering strong connections between people and destinations.

*The mentioned fares are subject to availability, and terms and conditions apply. Please refer to www.jetlines.com for further details.

About Canada Jetlines

Canada Jetlines Operations Ltd. (Cboe CA: CJET), trading as “Canada Jetlines,” is a Canadian leisure airline committed to providing an exciting travel experience to its passengers. With a growing network of destinations, Canada Jetlines is dedicated to connecting Canadians with some of the world’s most captivating and sought-after locations.

204.807.2900

Investor Contact:

Alyssa Barry

invest@jetlines.ca

Media Contact:

Julie Rempel media@jetlines.ca

Connect With Us!

Instagram: @ca_jetlines
Twitter: @ca_jetlines
Facebook: @CAJetlines
LinkedIn: www.linkedin.com/company/jetlines

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes but is not limited to the Company’s intention to operate as a leisure airline, the number of aircraft it intends to operate, the destinations of intended flights, the frequency of flights, availability of the airfare disclosed in this news release growth plans and business of Jetlines.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward- looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to continue airline operations, the accuracy, reliability and success of Jetlines’ business model; the

continued compliance with the terms of governmental approvals; Jetlines concluding definitive agreements for additional aircraft; the success of operations by Jetlines the legislative and regulatory environments of the jurisdictions where Jetlines will carry on business or have operations; the impact of competition and the competitive response to Jetlines’ business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude definitive agreements to acquire additional aircraft, supply chain disruptions causing delays in expected timelines, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement Jetlines’ operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of (or compliance with) the necessary licenses from regulatory agencies, and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

TORONTO, ON / ACCESSWIRE / January 31, 2024 / Canada Jetlines Operations Ltd. (Cboe CA:CJET) ("Canada Jetlines" or the "Company") Canada's only boutique airline, has officially launched Jetlines Vacations, a subsidiary company and an all-encompassing vacation experience provider designed to meet the demand for leisure travel to bucket-list destinations.

Jetlines Vacations offers all-inclusive premium vacation packages that include airfare on Canada Jetlines, ground transportation, top-tier hotel accommodations, and options for leisure activities at sought-after destinations such as Montego Bay, Jamaica, Cancun, Mexico, and Orlando, Florida. Jetlines Vacations currently offers over 15,000 room nights to its growing list.

The innovative venture aligns with the increasing preferences among travelers for hassle-free, all-inclusive options and unique travel experiences. According to a recent report by Skyscanner, Canadian travelers in 2024 are prioritizing cultural exploration and seeking budget-friendly "luxe-for-less" trips.

"Vacation-seekers now have choice with Jetlines Vacations. We understand that travelers prioritize convenience, value, and seamless getaways. Through strategic partnerships and advantageous purchasing capabilities, we secure competitive rates, ensuring that our customers directly benefit," said Eddy Doyle, Chief Executive Officer of Canada Jetlines.

Jetlines Vacations, is a wholly owned subsidiary of Canada Jetlines. Vacation experiences can be booked through vacations.jetlines.com. All travelers who book through Jetlines Vacations receive free carry-on and first checked bag, along with free airport/hotel transfers. With the unparalleled inflight hospitality, extra legroom and free inflight entertainment aboard, Canada Jetlines customers will enjoy their vacations from beginning to end www.vacations.jetlines.com.

About Jetlines Vacations

Jetlines Vacations, is a wholly owned subsidiary of Canada Jetlines, specializing in providing vacation packages tailored for travelers. Focused on delivering seamless travel experiences, unmatched convenience; Jetlines Vacations aims to facilitate unforgettable journeys to some of Canadians most coveted destinations. Explore our exclusive vacation packages at www.vacations.jetlines.com.

Media Contact:

Julie Rempel

media@jetlines.ca

204.807.2900

Investor Contact:

Alyssa Barry

invest@jetlines.ca

Connect With Us!

Instagram: @ca_jetlines Twitter: @ca_jetlines

Facebook: @CAJetlines
LinkedIn: www.linkedin.com/company/jetlines

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes but is not limited to the Company's intention to operate as a leisure airline, the number of aircraft it intends to operate, the destinations of intended flights, the details of the business of Jetlines Vacations and business of Jetlines.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to continue airline operations, the accuracy, reliability and success of Jetlines' business model; the continued compliance with the terms of governmental approvals; Jetlines concluding definitive agreements for additional aircraft; the success of operations by Jetlines the legislative and regulatory environments of the jurisdictions where Jetlines will carry on business or have operations; the impact of competition and the competitive response to Jetlines' business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude definitive agreements to acquire additional aircraft, supply chain disruptions causing delays in expected timelines, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement Jetlines' operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of (or compliance with) the necessary licenses from regulatory agencies, and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this

news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

SOURCE: Canada Jetlines Ltd

CANADA JETLINES (CBOE CA: CJET) ANNOUNCES CLOSING OF THIRD AND FINAL

TRANCHE OF $13.5 MILLION EQUITY FINANCING

48914.0001/30326557_.2

Connect With Us!

Instagram: @ca_jetlines
Twitter: @ca_jetlines
Facebook: @CAJetlines
LinkedIn: www.linkedin.com/company/jetlines

Media Contact:

media@jetlines.ca

Investor Relations Contact:

Percy Gyara
Chief Financial Officer Canada Jetlines investor.relations@jetlines.ca +1 647.921.7205

Cautionary Note Regarding Forward-Looking Information

Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward- looking information contained in this news release includes but is not limited to the use of proceeds of the Offering, the Company’s intention to operate as a leisure airline, the number of aircraft it intends to operate, the destinations of intended flights, timelines to announce new schedules and destinations, growth plans and business of Jetlines. In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to continue airline operations, the accuracy, reliability and success of Jetlines’ business model; the continued compliance with the terms of governmental approvals; Jetlines concluding definitive agreements for additional aircraft; the success of operations by Jetlines the legislative and regulatory environments of the jurisdictions where Jetlines will

48914.0001/30326557_.2

carry on business or have operations; the impact of competition and the competitive response to Jetlines’ business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude definitive agreements to acquire additional aircraft, supply chain disruptions causing delays in expected timelines, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement Jetlines’ operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of (or compliance with) the necessary licenses from regulatory agencies, and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

Canada Jetlines Doubles its Fleet to 6 with the Leasing of an A320-214 Aircraft

TORONTO, ON, January 9, 2024 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) one of Canada’s leading leisure airlines, is proud to announce the addition of a new A320-214 aircraft to its fleet. This is in addition to the two aircraft that were announced on January 4, 2024. The Company has signed the lease agreement on Aircraft bearing MSN 5661. This marks a strategic move to enhance the airline’s operational capabilities and meet the growing demand for affordable air travel.

The A320-214 aircraft, is expected to be in service by the end of Q1 of 2024. This aircraft will contribute to Canada Jetlines’ commitment to expand its fleet size in the coming year. This development aligns with the airlines’ mission to provide reliable and cost-effective travel options for travelers. 

Eddy Doyle, CEO of Canada Jetlines, stated, “We are pleased with our strong start to the year as we execute our growth strategy. Canada Jetlines is pleased to announce the addition of a new A320-214 aircraft. By doubling our fleet, we are offer more travelers reliable and cost-effective options while adding value for our shareholders. We look forward to deploying this aircraft to serve multiple routes, expanding our reach, and serving the growing leisure travel market.”   

The A320-214 aircraft is renowned for its fuel efficiency, advanced technology, and spacious cabin design, offering an enhanced travel experience for passengers. The aircraft will be configured with 174 all-economy seating, including 18 expanded legroom economy seats.  The aircraft will be deployed to serve Mexico, Jamaica, Florida and Las Vegas routes, as well as for charter services.  Canada Jetlines looks forward to introducing these new additions to its fleet and providing customers choice for leisure-based travel.  

About Canada Jetlines

Canada Jetlines Operations Ltd. (NEO:CJET), trading as “Canada Jetlines,” is a Canadian leisure airline committed to providing an exciting travel experience to its passengers.  With a growing network of destinations, Canada Jetlines is dedicated to connecting Canadians with some of the world’s most captivating and sought-after locations. 

More information on Canada Jetlines including its growing list of destinations can be found on www.jetlines.com. You can follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

Media Contact:

Julie Rempel

Email: media@jetlines.ca

Investor Contact: 

Alyssa Barry

invest@jetlines.ca

Connect With Us!

Instagram: @ca_jetlines

Twitter: @ca_jetlines

Facebook: @CAJetlines

LinkedIn: www.linkedin.com/company/jetlines

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes but is not limited to the Company’s intention to operate as a leisure airline, the number of aircraft it intends to operate, the destinations of intended flights, the frequency of flights, the enhancement of the airline’s operational capabilities, growing demand for affordable air travel, expansion of its fleet size in the coming year, the Company providing reliable and cost-effective options while adding value for its shareholders, deploying this aircraft to serve multiple routes and serving the growing leisure travel market, growth plans, the timeline for the delivery of aircraft and business of Jetlines.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to continue airline operations, the accuracy, reliability and success of Jetlines’ business model; the continued compliance with the terms of governmental approvals; Jetlines concluding  definitive agreements for additional aircraft; the success of operations by Jetlines the legislative and regulatory environments of the jurisdictions where Jetlines will carry on business or have operations; the impact of competition and the competitive response to Jetlines’ business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms,  the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude definitive agreements to acquire additional aircraft, supply chain disruptions causing delays in expected timelines, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement Jetlines’ operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of (or compliance with) the necessary licenses from regulatory agencies, and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.

TORONTO, ON, December 7, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) the premier airline committed to delivering affordable and reliable travel experiences to leisure destinations, is thrilled to announce the launch of its much-anticipated inaugural flight from Toronto Pearson International Airport to Montego Bay, Jamaica. 

Commencing Saturday, December 9, 2023, Canada Jetlines will operate the Toronto to Montego Bay route with an initial frequency of 2x weekly (Saturday and Sunday), providing passengers with convenient options to explore the tropical paradise.  The airline expects to add a third weekly flight starting in 2024, offering even more flexibility for travelers seeking sun-soaked getaways and memorable experiences.   

“The arrival of Canada Jetlines’ inaugural flight into Montego Bay represents a significant milestone for both the airline and Destination Jamaica. With the launch of this new service from Toronto to Montego Bay, we look forward to welcoming even more Canadian travellers this winter season to experience Jamaica’s vibrant tourism offerings and warm island spirit. This new partnership will play a valuable role in helping Jamaica achieve our ambitious target of attracting 500,000 annual visitors from Canada by 2023.” - Hon. Edmund Bartlett, Minister of Tourism, Jamaica 

The launch of the Toronto to Montego Bay route not only connects two vibrant cities but also strengthens Canada Jetlines’ commitment to providing diverse and exciting travel options for its valued passengers. “With its vibrant culture, warm hospitality and picturesque landscapes, Jamaica is a destination that captivates the heart and soul.  Our commitment to providing affordable and convenient travel options opens the door for Canadians to experience the magic of this tropical paradise. Canada Jetlines is honoured to play a pivotal role in bringing visitors from Toronto to Montego Bay.” – Eddy Doyle, CEO, Canada Jetlines 

Passengers on the inaugural flight and subsequent journeys will experience the comfort and convenience of the airline’s modern and well-equipped fleet with extra legroom, and complimentary entertainment.

About Canada Jetlines 

Canada Jetlines Operations Ltd. (NEO:CJET), trading as “Canada Jetlines,” is a Canadian leisure airline committed to providing an exciting travel experience to its passengers.  With a growing network of destinations, Canada Jetlines is dedicated to connecting Canadians with some of the world’s most captivating and sought-after locations.  

More information on Canada Jetlines including its growing list of destinations can be found on www.jetlines.com. You can follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates. 

TORONTO, ON, December 5, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) the premier airline committed to delivering affordable and reliable travel experiences to leisure destinations, Canada Jetlines is pleased to announce a significant achievement with its Black Friday week ticket sales.  The Company experienced an overwhelming response from eager travelers seeking a winter getaway, marking a historic milestone for the airline.

During this period over 4,000 seats were sold which is five times more than the same period last year. The overwhelming demand underscores the continued trust and preference that travelers and Travel Agents are placing in Canada Jetlines for their travel needs.

“We are thrilled to see such an incredible response from our customers.  This record-breaking achievement is a testament to the hard work of our team and the trust customers place in Canada Jetlines.  We remain committed to offering affordable and reliable air travel options and we look forward to serving our passengers on their journeys,” said Eddy Doyle, CEO of Canada Jetlines.

The Company also updates that second tranche of the offering with Jetstream Aviation Inc. is expected to close on or before December 29, 2023.

Canada Jetlines Operations Ltd. (NEO:CJET) (“ Canada Jetlines ” or the “ Company ”) the Canadian leisure airline expands its operations by introducing Jetlines Vacations. This new venture solidifies its commitment to growing a strong, integrated partnership with Travel Agents, providing greater options for their clients and higher commission rates. Canadian travelers will benefit from the expansion of international vacation experiences with direct service from Toronto to destinations like Montego Bay, Jamaica, and Cancun, Mexico, with Orlando, Florida soon to join the growing list of options.

“A holiday away is as Canadian as curling and hockey in winter.  We are thrilled to work with top-rated hotels, ground transportation, and activity providers to make the holiday dream come true this winter with Jetlines Vacations,” stated Eddy Doyle, Chief Executive Officer, Canada Jetlines.  

Jetlines Vacations is operated by Canada Jetlines, an airline that is quickly building a reputation for exceptional flight experiences with value-based fares. Visit jetlines.com for more information.  

What is the process for Travel Agents to make bookings with Jetlines Vacations? 

Travel Agents can now book Jetlines Vacations through SIREV, the trusted travel reservation system. For post booking support, Jetlines has a dedicated Contact Centre: 1.866.320.8687 

Jetlines Vacations can also be booked through AMADEUS or SABRE.  

How do Travel Agents benefit from this opportunity? 

As champions of the Travel Agent community, Jetlines Vacations has been established as a dependable and high-quality option for clients of our agency partners. Jetlines Vacations offers market-leading commission rates of 10% available until January 31, 2024. Plus, during the period from November 9th to December 15th, Travel Agents will receive a bonus $25 gift card of their choosing per booking.  

About Canada Jetlines 

Canada Jetlines Operations Ltd. (NEO:CJET), trading as “Canada Jetlines,” with IATA code AU is an expanding Canadian leisure airline dedicated to delivering exceptional travel experiences.  Canada Jetlines operates Jetlines Vacations; with an emphasis on providing an end-to-end experience for travelers.   

For more information on Canada Jetlines including its growing list of destinations can be found on www.jetlines.com Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.  

• Increase in Operating Revenue of 52% over Q2 2023
• Positive Adjusted EBITDAR* margin of 14%
• Positive Net Income of $121,000
• Net cash flow of $5.3 million

TORONTO, ON, NOVEMBER 7, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”), the dynamic, all-Canadian leisure airline, announces Q3 2023 financial and operating results. All financial figures are in Canadian dollars and in accordance with IFRS as presented in the Company’s financial statements filed on SEDAR+ (sedarplus.ca).

Q3 2023 Financial Results:

• Operating revenues of $13.4 million, a sequential increase of 52.1% compared to Q2 2023.

• Operating income of $804,000, with an operating margin of 6%, a sequential increase of $1.28 million compared to Q2 2023.

• Adjusted EBITDAR* of $1.9 million, a sequential improvement of over $1.6 million compared to Q2 2023

• A positive adjusted EBITDAR margin* of 14.37%.

• A positive net income of $121,000, a sequential improvement of over $1.06 million compared to Q2 2023.

• Third quarter net cash flows from operating activities of $5.3 million, a sequential improvement of over $3.5 million compared to Q2 2023

Eddy Doyle, CEO and President of Jetlines commented on the quarter, “We are extremely pleased to report strong financial results for Q3 2023. It is a rare achievement for an airline to have positive net income in any quarter during its first 12 months of operations. In addition to our Las Vegas and Cancun destinations, we started scheduled service from Toronto to Orlando on October 30th and will be starting Toronto to Montego Bay, Jamaica in December 2023. We are well positioned to service the demand heading into the holiday season.”

Total operating revenue for the third quarter 2023 was $13.4 million compared to $8.8 million in the previous quarter, an increase of 52.1%. The Company continues to grow its Charter and ACMI (Aircraft, Crew, Maintenance, and Insurance) operations, generating $12.28 million in revenue in Q3 2023 compared to $6.34 million in Q2 2023, representing an increase of 93.6%.

Total operating expenses for tQ3 2023 were $12.59 million as compared to $9.23 million in the previous quarter, an increase of 36.4%. This increase was primarily driven by the increase in flight operations.

Total assets increased by 62.4% to $45,247,736 at the end of Q3 2023, from $27,289,573 as of December 31, 2022. This increase is mainly due to the increase in cash generated from operations, as well as an increase in lease assets associated with the now three aircraft, as compared to our two aircraft in December 2022.

Total liabilities increased by 76% to $50,982,110 at the end of Q3 2023, from $28,948,171 as of December 31, 2022. The increase was made up of the liabilities associated with lease liabilities for the three aircraft, as compared to two aircraft in December 2022. The increase is also attributable to an increase in deferred revenue, and an increase in accounts payable and accrued liabilities, explained by the timing of payments and invoices received at the end of the period.

*Adjusted EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft rent) and adjusted EBITDAR margin are referred to in this news release. Such measures are non-GAAP financial measures, non-GAAP ratios, or supplementary financial measures, are not recognized measures for financial statement presentation under GAAP, do not have standardized meanings, may not be comparable to similar measures presented by other entities and should not be considered a substitute for or superior to GAAP results. Refer to the "Non-GAAP Financial Measures" section of this news release for descriptions of these measures, and for a reconciliation of Canada Jetlines non-GAAP measures used in this news release to the most comparable GAAP financial measure.

Summary of Quarterly Results

Liquidity

The Company ended the quarter with $8.25 million in current assets, an increase of $5.1 million compared to December 31, 2022. This is mainly due to the increase in cash balance as a result of revenues from increased flight operations.

Current liabilities increased from $8.2 million as of December 31, 2022, to $17.8 million at the end of the current quarter, mainly due to an increase of $2 million in accounts payable and accrued liabilities. In addition, there was a $5 million increase in deferred revenue for cash collected for future flights. There was also an increase in lease liabilities of $2 million due to the increase in the number of aircraft leased during the quarter.

During the quarter, Canada Jetlines’ secured a $13.5 million financing through a non-brokered private placement. The completion of the full financing remains subject to receipt of shareholder approval at a special meeting of shareholders scheduled for November 14, 2023. The company intends to utilize the proceeds of the financing to fund aircraft acquisition, and general corporate and working capital purposes, in line with the strategic roadmap.

Non-GAAP Financial Measures

Below is a description of certain non-GAAP financial measures including adjusted EBITDAR used by Canada Jetlines to provide readers with additional information on its financial and operating performance. Such measures are not recognized measures for financial statement presentation under GAAP, do not have standardized meanings, may not be comparable to similar measures presented by other entities and should not be considered a substitute for or superior to GAAP results. These non-GAAP financial measures are provided as supplemental information to the financial information presented in this press release that is calculated and presented in accordance with GAAP and these non-GAAP financial measures are presented because management believes that they supplement or enhance management's, analysts' and investors' overall understanding of the Company's underlying financial performance and trends and facilitate comparisons among current, past and future periods.

Because the non-GAAP financial measures are not calculated in accordance with GAAP, they should not be considered superior to and are not intended to be considered in isolation or as a substitute for the related GAAP financial measures presented in the press release and may not be the same as or comparable to similarly titled measures presented by other companies due to possible differences in the method of calculation and in the items being adjusted. We encourage investors to review our financial statements and other filings with applicable Canadian Securities Regulators in their entirety and not to rely on any single financial measure.

The information below provides an explanation of certain adjustments reflected in the non-GAAP financial measures and shows a reconciliation of non-GAAP financial measures reported in this press release (other than forward-looking non-GAAP financial measures) to the most directly comparable GAAP financial measures. Within the financial tables presented, certain columns and rows may not add due to the use of rounded numbers. Per unit amounts presented are calculated from the underlying amounts.

EBITDA, Adjusted EBITDA and Adjusted EBITDAR

EBITDA (earnings before interest, taxes, depreciation and amortization) is commonly used in the airline industry and is used by Canada Jetlines as a means to assess operating results before interest, taxes, depreciation and amortization as these costs can vary significantly among airlines due to differences in the way airlines finance their aircraft and other assets. In calculating adjusted EBITDA, Canada Jetlines excludes share based compensation as this may distort the analysis of certain business trends and render comparative analysis across periods or to other airlines less meaningful . In calculating adjusted EBITDAR (earnings before interest, taxes, depreciation, amortization and rent expense), Canada Jetlines excludes aircraft rent as this provides
for a comparative analysis across periods or to other airlines that does not consider whether the airline leases or owns its aircraft.

Adjusted EBITDAR Margin

Adjusted EBITDAR margin (adjusted EBITDAR as a percentage of operating revenues) is commonly used in the airline industry and is used by Canada Jetlines as a means to assess the operating margin before interest, taxes, depreciation, amortization and aircraft rent as these costs can vary significantly among airlines due to differences in the way airlines finance their aircraft and other assets.

This news release should be read in conjunction with Canada Jetlines’ condensed interim consolidated financial statements for the nine-month period ended September 30,2023 and Management’s Discussion and Analysis available at www.sedarplus.com.

About Canada Jetlines

Canada Jetlines Operations Ltd. (NEO:CJET), trading as “Canada Jetlines,” is a Canadian leisure airline committed to providing an exciting travel experience to its passengers. With a growing network of destinations, Canada Jetlines is dedicated to connecting Canadians with some of the world’s most captivating and sought-after locations.

More information on Canada Jetlines including its growing list of destinations can be found on www.jetlines.com. You can follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

Canada Jetlines Operations Ltd. (NEO:CJET) (“ Canada Jetlines ” or the “ Company ”) the dynamic, all-Canadian leisure airline, announces that it intends to release third quarter 2023 results prior to open of market on Tuesday, November 7th. Company management will then conduct a Webcast (with call in details) to provide a business update and discuss the third quarter results in greater detail at 4 pm ET on Tuesday, November 7th.

Shareholders, analysts and members of the business media are invited to join the conference call and webcast.

When: November 7th, 2023 04:00 PM Eastern Time (US and Canada)

Topic: Canada Jetlines Operations Ltd. - Q3 2023 Earnings Release & Management Update Register in advance for this webinar:

https://event.choruscall.com/mediaframe/webcast.html?webcastid=UipqqYcS

If you prefer to dial in and speak with an operator: Dial Canada/USA Toll Free: 1-800-319-4610 or +1-604-638-5340

After registering, you will receive a confirmation email containing information about joining the webinar.

More information on Canada Jetlines including its growing list of destinations can be found on www.jetlines.com. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

TORONTO, ON, OCTOBER 26, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) the dynamic, all-Canadian leisure airline, is thrilled to announce its inaugural flight from Toronto Pearson International Airport (YYZ) to Orlando International Airport (MCO). The first flight commences on October 30, 2023, signaling a significant milestone in Canada Jetlines’ mission to provide enhanced leisure travel options for Canadians.

With this new route set to take flight, Canada Jetlines' expanded flight schedule will connect Toronto to the enchanting city of Orlando Florida. Four weekly flights will be available, departing on Mondays, Thursdays, Fridays, and Saturdays. This latest addition to Canada Jetlines' network of destinations joins the ranks of Cancun, Las Vegas and Montego Bay, promising travelers increased accessibility and convenience when planning their getaways.

Orlando, recognized as America's most-visited destination, welcomed a staggering 74 million annual visitors in 2022, showcasing a remarkable 25% increase over the previous year. As the demand for travel evolves, Canada Jetlines aims to cater to the shifting preferences of Canadian travelers by expanding its flight services to meet the needs of sought-after destinations.

Eddy Doyle, the Chief Executive Officer of Canada Jetlines, expressed the Company's excitement, stating, "Canada Jetlines is thrilled to introduce this exciting new route between Toronto and Orlando, further solidifying our commitment to making travel accessible and enjoyable for our passengers. We eageraly anticipate connecting even more Canadians with the incredible experiences that Orlando has to offer."

This flight, signifies a significant stride forward for Canada Jetlines, aligning with the Company's strategy to meet the growing demand for travel to leisure destinations.

More information on Canada Jetlines including its growing list of destinations can be found on www.jetlines.com. You can follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

TORONTO, ON, OCTOBER 5, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”), Canada’s friendly leisure airline, is pleased to announce that it has closed the first tranche of its non-brokered private placement with a single arm’s length investor to raise a total of $13,500,001 (the
“Offering”). The Offering consists of common shares (each a “Share”) issued at $0.1721252 per Share. The investor is Jetstream Aviation Inc. the (“Investor” or “Jetstream”) which is a Canadian corporation.

The closing of the first tranche of the Offering resulted in the Investor purchasing 19,598,017 Shares, equal to approximately 19.9% of the issued and outstanding shares of the Company, for an aggregate purchase price of $3,373,313. The Shares issued in the first tranche of the Offering are subject to a hold period that
expires on February 6, 2024.

The completion of the second tranche and third tranche of the Offering shall require shareholder approval under the rules and policies of Exchange as it will result in the creation of a new “control person”. The Company intends to obtain shareholder approval for the second and third tranche at a special meeting of
shareholders that has been scheduled for November 14, 2023 in Ontario (the “Meeting”).

Assuming shareholder approval is obtained, the second tranche is scheduled to close two business days after the Meeting. The second tranche will see the Investor purchase an additional 29,416,635 Shares, equal to approximately 15% of the then issued and outstanding shares of the Company (approximately 35%
in the aggregate), for an aggregate purchase price of $5,063,344.

Assuming shareholder approval is obtained, the third tranche is scheduled to close sixty calendar days after the Meeting. The third tranche will see the Investor purchase an additional 29,416,635 Shares, equal to approximately 15% of the then issued and outstanding shares of the Company (approximately 50% in the
aggregate), for an aggregate purchase price of $5,063,344.

Upon completion of all three tranches of the Offering, the Investor will hold 78,431,287 Shares of the Company representing approximately 50% of the current issued and outstanding shares of the Company.

As part of the transaction, the Investor will have the right to nominate two directors to the Board of Directors of the Company. The first director will be nominated concurrent with the closing of the second tranche of the Offering. The second director will be nominated concurrent with the closing of the third tranche of the Offering.

The Company intends to use the net proceeds of the Offering for aircraft acquisition, general corporate and working capital purposes. The closing of the Offering is subject to customary closing conditions, including the receipt of the approval of the Exchange. No brokerage commissions or finder’s fees are payable in connection with the Offering.

As a result of the closing of the first tranche of the Offering, Jetstream holds a total of 19,598,017 Shares, which represents approximately 19.9% of the Company's issued and outstanding Shares. Upon closing of the second and third tranches of the Offering, Jetstream will hold 78,431,287 Shares of the Company
representing approximately 50% of the issued and outstanding shares of the Company at such time.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration
or an applicable exemption from U.S. registration requirements.

About Canada Jetlines

Canada Jetlines Operations Ltd. (NEO: CJET) is a value-focused leisure airline that flies to high-demand sunny destinations. CJET's three revenue streams offer diversified growth potential: passenger revenue, chartered/ACMI flights, and Jetlines vacations. Jetlines vacations expand cash flow through ancillary
revenue streams, including hotels, land, cruise, transfer and insurance plus destination co-operative marketing support. Currently operating 3 Airbus A320s, CJET is targeting to reach a fleet of 15 aircrafts by 2025. For more information about Canada Jetlines, including its growing list of destinations, please visit
www.jetlines.com. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the
latest news and updates.

About Jetstream

Jetstream Aviation Inc. is a private corporation focused on investments in the aviation space. Jetstream is acquiring the securities in the Offering described herein for investment purposes. Depending on market conditions and other factors, Jetstream may from time to time acquire and/or dispose of securities of the Company or continue to hold its current position.

TORONTO, ON, SEPTEMBER 28, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”), Canada’s friendly leisure airline, is pleased to announce that it intends to undertake a non-brokered private placement with a single arm’s length investor to raise $13,500,001 (the “Offering”). The Offering consists of common shares (each a “Share”) issued at $0.1721252 per Share. The investor is Jetstream Aviation Inc. the (“Investor” or “Jetstream”) which is a Canadian corporation.

The Offering is scheduled to close in three separate tranches. The first settlement will occur within two business days of the approval of the Neo Exchange Inc. (the “Exchange”) subject to the satisfaction of other closing conditions. This first tranche will see the Investor purchase 19,598,017 Shares, equal to approximately 19.9% of the issued and outstanding shares of the Company, for an aggregate purchase price of $3,373,313.

The completion of the second tranche and third tranche shall require shareholder approval under the rules and policies of Exchange as it will result in the creation of a new “control person”. The Company intends to obtain shareholder approval for the second and third tranche at a special meeting of shareholders that will be scheduled promptly to occur in Ontario (the “Meeting”).

Assuming shareholder approval is obtained, the second tranche is scheduled to close two business days after the Meeting. The second tranche will see the Investor purchase 29,416,635 Shares, equal to approximately 15% of the current issued and outstanding shares of the Company, for an aggregate purchase price of $5,063,344.

Assuming shareholder approval is obtained, the third tranche is scheduled to close sixty calendar days after the Meeting. The third tranche will see the Investor purchase 29,416,635 Shares, equal to approximately 15% of the current issued and outstanding shares of the Company, for an aggregate purchase price of $5,063,344. Upon completion of all three tranches of the Offering, the Investor will hold 78,431,287 Shares of the Company representing approximately 50% of the current issued and outstanding shares of the Company.

As part of the transaction, the Investor will have the right to nominate two directors to the Board of Directors of the Company. The first director will be nominated concurrent with the closing of the second tranche of the Offering. The second director will be nominated concurrent with the closing of the third tranche of the Offering.

The Company intends to use the net proceeds of the Offering for aircraft acquisition, general corporate and working capital purposes. The closing of the Offering is subject to customary closing conditions, including the receipt of the approval of the Exchange. No brokerage commissions or finder’s fees are payable in connection with the Offering.

Jetstream does not currently hold any Shares. Upon closing of the first tranche of the Offering, Jetstream will hold a total of 19,598,017 Shares, which will represent approximately 19.9% of the Company's issued and outstanding Shares. Upon closing of the second and third tranches of the Offering, Jetstream will hold 78,431,287 Shares of the Company representing approximately 50% of the issued and outstanding shares of the Company at such time.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

About Canada Jetlines

Canada Jetlines Operations Ltd. (NEO: CJET) is a value-focused leisure airline that flies to high-demand sunny destinations. CJET's three revenue streams offer diversified growth potential: passenger revenue, chartered/ACMI flights, and Jetlines vacations. Jetlines vacations expand cash flow through ancillary revenue streams, including hotels, land, cruise, transfer and insurance plus destination co-operative marketing support. Currently operating 3 Airbus A320s, CJET is targeting to reach a fleet of 15 aircrafts by 2025. For more information about Canada Jetlines, including its growing list of destinations, please visit www.jetlines.com. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

About Jetstream

Jetstream Aviation Inc. is a private corporation focused on investments in the aviation space.

Jetstream is acquiring the securities in the Offering described herein for investment purposes. Depending on market conditions and other factors, Jetstream may from time to time acquire and/or dispose of securities of the Company or continue to hold its current position.

A copy of the early warning report required to be filed with the applicable securities commission in connection with the transaction will be available on SEDAR+ at www.sedarplus.com and can be obtained by contacting Gurdev Singh at 416.888.1906. Jetstream's address is set out below.

Jetstream Contact Information:

Jetstream Aviation Inc.

167 Don Minaker Drive

Brampton ON L6P 2V7

Canada

TORONTO, ON, AUG 23, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) is pleased to announce the launch of an expanded winter flight schedule offering great choice to exciting sun destinations.Starting this autumn, travellers can experience Canada Jetlines’ comfortable and convenient flights between Toronto and Montego Bay, Jamaica, and Orlando – in addition to existing services to Cancun, Mexico, and Las Vegas.

“We’re delighted to announce the expansion of our winter flight schedule, providing travellers with a wider range of options to escape the cold and experience unforgettable destinations and holiday options," stated Canada Jetlines CEO, Eddy Doyle. "With our expanded schedule and exceptional service, travellers can look forward to convenient and hassle-free journeys with Jetlines, to sought after destinations including Cancun, Las Vegas, Montego Bay and Orlando."

Toronto – Montego Bay – Toronto

Beginning November 5, 2023, Canada Jetlines will offer weekend service between Toronto and Montego Bay on its 174-seat Airbus A320 aircraft. From January, service will be increased to x3 flights per week, offering travellers the perfect choice to explore all that Montego Bay and Jamaica has to offer.

Toronto – Orlando – Toronto

Starting October 30, 2023, Canada Jetlines will introduce flights between Toronto and Orlando International Airport taking eager travellers to central Florida’s famous theme parks and beaches with x4 flights weekly.

Toronto – Cancun – Toronto

Canada Jetlines’ popular year-round service to Cancun, Mexico, currently operating twice weekly, will increase to x3 weekly on October 6, 2023 before going to x4 weekly flights in February in time for the popular school holidays period. During the New Years period, additional flights will also be made available.

Toronto – Las Vegas – Toronto

Canada Jetlines’ early autumn schedule has it returning to the bright lights and excitement of Las Vegas with x2 flights weekly on Thursdays and Sundays, effective August 31, 2023. From October, services will increase to x3 flights per week, giving glitz and glamour-seeking travellers even more reasons to make Las Vegas their next trip.

More information on Canada Jetlines, including its growing list of destinations can be found on www.jetlines.com. Tickets for the expanded winter flight schedule are now available for booking on the Canada Jetlines website or through preferred travel partners. Be sure to follow Canada Jetlines on social media platforms below or follow #CanadaJetlines for the latest news and updates.

TORONTO, ON, AUGUST 14, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) today reported second quarter 2023 interim financial results. All financial figures are in Canadian dollars and in accordance with IFRS as presented in the interim financial statements.

Second Quarter 2023 Interim Financial Results

Total operating revenues for the second quarter 2023 were $8.8 million as compared to $5.1 million in the previous quarter, an increase of 72.8%. The Company continues to increase the operation of charter and ACMI (Aircraft, Crew, Maintenance, and Insurance) flights generating $6.34 million this quarter as compared to $3.38 million in the previous quarter, representing an increase of 87.5%.

Total operating expenses for the second quarter 2023 were $9.23 million as compared to $8.15 million in the previous quarter, an increase of 13%.  Increases were primarily driven by increased flying activity.

Total assets increased to $27,860,429 at the end of the current quarter from $27,289,573 as at December 31, 2022. The minor increase in total assets is primarily attributable to an increase in current assets that was partially offset by a decrease in Right-of-use assets due to depreciation.

Total liabilities increased to $33,753,436 at the end of the current quarter from $28,948,171 as at December 31, 2022. The increase was made up of the liabilities associated with an increase in deferred revenue and an increase in accounts payable and accrued liabilities, explained by the timing of payments and invoices received at the end of the period.

Summary of Quarterly Results

Management Commentary

Eddy Doyle, CEO and President of Jetlines commented: “We are pleased to report that several key milestones were achieved in Q2 2023. The Company has achieved exceptional flying hours in Q2 2023 as compared to Q1 2023, an increase of 265% and a 72.8% increase in its operating revenue.  Canada Jetlines also took delivery of its 3rd aircraft   at the end July 2023. The Company intends to add up to two additional aircraft to its fleet in 2023 and continue to grow its schedule, with the upcoming fall/winter season, and grow its Charter/ACMI business.”

Liquidity

The Company ended the quarter with $5.1 million in current assets, an increase of $2 million compared to December 31, 2022. The increase is mainly due to the increase in cash balance.

Current liabilities increased from $8.2 million at December 31, 2022 to $13.1 million, mainly due to an increase of $0.8 million in accounts payable and accrued liabilities.  In addition, there is a $4 million increase in deferred revenue for cash collected in terms of future flying.

Based on the Company’s working capital position, the Company will need to raise additional capital to support its business plan. The Company is seeking additional capital in the form of debt, convertible debt or equity in order to further invest in the business and facilitate the continued growth of the fleet, including the acquisition of additional leased aircraft, as well as additional working capital.

This news release should be read in conjunction with Canada Jetlines’ condensed interim consolidated financial statements for the six-month period ended June 30, 2023 and Management’s Discussion and Analysis available at www.sedarplus.com.

TORONTO, ON, AUGUST 10, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) announces that it intends to release second quarter 2023 results after close of market on Monday, August 14th and will be hosting a Zoom webinar to provide a business update and discuss the second quarter results and provide a management update the same day.

Shareholders and members of the business media are invited to a Zoom webinar.

When: August 14, 2023 04:00 PM Eastern Time (US and Canada)

Topic: Canada Jetlines Operations Ltd. – Q2 2023 Earnings Release & Management Update

Register in advance for this webinar:

https://events.zoom.us/e/view/lj1DuOjpRm6i2OuZYvmaBw#FEATUREDNEWSLINKS5_20230808

After registering, you will receive a confirmation email containing information about joining the webinar.

TORONTO, ON, AUGUST 2, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) is pleased to provide an update on key operating metrics with the aim to provide timely information to its shareholders.

Following its press release of June 28, 2023, where Canada Jetlines announced an increase of 265 percent in hours flown in Q2, 2023 over the hours flown in Q1 2023, the Company is pleased to announce a new record of hours flown in July 2023 with 622 block hours flown in the month.

“We are pleased with the success the airline keeps achieving on this key operating metric and, with the addition of our third aircraft in August, we are well positioned to meet the strong demand we have seen in the market,” says Eddy Doyle, Chief Executive Officer of Canada Jetlines. “Later this month, we will provide an update on our fall and winter schedule and announce new scheduled leisure destinations.”

Canada Jetlines will also be announcing its Q2, 2023 financial results on or before August 14, 2023.

TORONTO, ON, JULY 31, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) is pleased to announce that it has taken delivery of its third Airbus A320 aircraft, which has been provided by a global aviation lessor providing aircraft and capital to the world’s airlines.

“Canada Jetlines is executing on its previously-announced fleet growth plan with the addition of its third aircraft,” stated Canada Jetlines CEO, Eddy Doyle. “The arrival during summer season is great timing to support our existing customers and continue the Company’s growth plans as we look forward to our busy winter season. The expansion of Jetlines’ fleet will enable scheduled service expansion to new leisure destinations, fulfilling our commitment to customers and agency clients to becoming a premier choice of leisure airline.”

The aircraft is an Airbus A320-200, with Canadian registry C-GCJK, equipped with two CFM56-5B4/3 engines. Passenger amenities include galley provisions for hot and cold buy on board refreshments, the installation of Jetlines’ complimentary Flymingo wireless inflight entertainment system and a USB charger for personal electronic devices.

More information on Canada Jetlines including its growing list of destinations can be found on www.jetlines.com. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

TORONTO, ON, July 6, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) is pleased to announce that it has signed a 6-month contract with FlyAllways, a Caribbean airline based in Suriname, where FlyAllways will charter Canada Jetlines to provide weekly flights between Toronto and Georgetown, Guyana. Commencement of flying is expected to start in Q3 2023 subject to Guyanese government approval.

“We are looking forward to this partnership with FlyAllways. We know that there is a substantial demand for the Toronto/Georgetown market, and we believe FlyAllways, and the Canadian tour operator that they have partnered with, will be successful with the introduction of this route,” said Eddy Doyle President and CEO Canada Jetlines. In addition to our regular schedule flying, we have experienced strong demand for charter and ACMI/wet-lease flying, and the flight hours contemplated in this contract will keep one of our aircraft fully utilized.”

Canada Jetlines currently operates scheduled air service and Charter Operations to many Canadian and International destinations. Canada Jetlines’ flights can be booked via Jetlines.com or contact your favorite Travel Agency.

TORONTO, ON, June 28th, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) is pleased to provide an update on key operating metrics with the aim to provide timely information to its shareholders.

Canada Jetlines experienced strong demand for its services in Q2 2023 with a high utilization rate for its fleet of two Airbus 320 aircraft. The Company forecasts to have operated 1,518 block hours in Q2 2023 which will end on June 30th. This represents an increase of 265 percent over the 571 hours flown in Q1 2023. Canada Jetlines third aircraft is on schedule to be delivered by the end of July 2023, subject to satisfaction of all conditions precedent to delivery.

In addition, the Company has recently obtained its foreign Air Operator certificate from the Jamaican government. Further Transport Canada has added North Atlantic operations to its certificate that will allow it to operate numerous charter flights to Greenland this summer. The Company is in the process of obtaining its European Third Country Operator (TCO) certificate which is expected to be completed in Q3 2023, allowing the Company to bid on wet-lease contracts for the busy European summer season next year.

“We are very pleased with this significant growth in flying hours and high aircraft utilization. We continue to see strong demand and very positive reception in the industry for the quality of the service we provide. This is thanks to the commitment and dedication of our employees to service excellence.” said Eddy Doyle President and CEO Canada Jetlines.

Canada Jetlines’ flights can be booked via Jetlines.com or contact your favorite Travel Agency.

Canada Jetlines Operations Ltd. (NEO: CJET) (“ Canada Jetlines ” or the “ Company ”) is pleased to announce the appointment of. Charles McKee to lead the company’s commercial activities, effective June 28, 2023. Mr. McKee is an experienced executive across the travel space, with chief marketing and revenue responsibilities in the travel technology, airline, hotel and national destination marketing sectors.

“Charles brings with him more than 30-years of experience with leading travel companies, in marketing, branding, sales and revenue management. He is an excellent addition to the Canada Jetlines team and will focus on growing brand awareness, distribution channels, and sales and revenue growth for the company,” said Canada Jetlines’ Chief Executive Officer and President, Eddy Doyle.

Mr. McKee’s most recent corporate assignment was SVP, Commercial Products, for Sabre Corporation. There he led a global team in solution design and management of the revenue optimization and pricing, network planning, data and analytics, and low-cost carrier reservation platform products for the world's best airline and agency customers.

His prior work has included Executive Director, Markey Int’l, a boutique investment and advisory group focused on the travel space; chief commercial officer roles at Radisson Hotel Group Americas and lastminute.com; chief marketing roles at Delta Hotels & Resorts, Malaysia Airlines, and Air Canada; and senior leadership roles at the Canadian Tourism Commission and Virgin Atlantic Airways. Mr. McKee has worked in Tokyo, Hong Kong, Kuala Lumpur, New York and London, before moving to Canada two decades ago. Mr. McKee graduated from Harvard University with an honours degree in East Asian studies.

Mr. McKee will take over as the lead of Canada Jetlines’ commercial department. The Company’s existing Chief Commercial Officer, Mr. Duncan Bureau, will be departing the Company to pursue other opportunities. Mr. Bureau assisted the Company with its start-up and the launch of several commercial systems and integration into distribution platforms. The Company would like to thank Mr. Bureau for his contributions to the Company and wishes him well in his next endeavors.

Canada Jetlines Operations Ltd. (NEO: CJET) (“ Canada Jetlines ” or the “ Company ”) announces that it has signed a contract to provide aircraft and crew to the Toronto Argonauts for their regular season games. The contract will see Canada Jetlines fly the team to select away games during the 2023 season. This represents the third such agreement with the other two being the previously announced agreement with the Ottawa Redblacks and Hamilton Tiger-Cats.

“Canada Jetlines are very pleased to have been selected for this contract with the Toronto Argonauts, an iconic Canadian Sports Franchise celebrating their 150th anniversary, with a rich history dating back to 1873. We are particularly excited about this relationship as we share some of the same qualities with the Toronto Argonauts such as teamwork, grit and passion. Canada Jetlines has seen continuous growth in demand for its Charter and ACMI (Aircraft Crew Maintenance and Insurance) business which complements our schedule service to leisure destinations,” said Canada Jetlines’ Chief Executive Officer and President, Eddy Doyle.

“We are looking forward to the 2023 CFL season and our new service relationship with Canada Jetlines,” said Alex Russell, Director of Football Operations and National Scout for the 2022 Grey Cup Champion Toronto Argonauts.

Canada Jetlines has completed approximately 340 charter and ACMI flights already since the beginning of 2023 and expects to perform several additional charter flights in the coming months.

Canada Jetlines Operations Ltd. (NEO: CJET) (“ Canada Jetlines ” or the “ Company ”) is pleased to announce that it has signed a contract with a leading Cruise company that will see Canada Jetlines provide charter operations in the months of July and August 2023. This contract complements other ACMI agreements that have been executed with airlines, private membership groups, professional sports teams, travel agents/tour operators and government entities.

Canada Jetlines currently operates services between Toronto Pearson and Las Vegas, as well as Toronto Pearson to Cancun, along with Charter Operations to many US destinations. Canada Jetlines’ flights can be booked via Jetlines.com or contact your favorite Travel Agency.

Canada Jetlines Operations Ltd. (NEO: CJET) (“ Canada Jetlines ” or the “ Company ”) today reported first quarter 2023 interim financial results. All financial figures are in Canadian dollars and in accordance with IFRS as presented in the annual consolidated financial statements.

First Quarter 2023 Interim Financial Results

Total operating revenues for the first quarter 2023 were $5.1 million as compared to $3.2 million in the quarter ended December 31, 2022 (the “ Prior Quarter ”), an increase of 59%. The Company continues to increase the operations of charters and ACMI (Aircraft, Crew, Maintenance, and Insurance) flights generating revenues of $3.38 million this quarter as compared to $2.4 million in the Prior Quarter, representing an increase of 57%.

Total operating expenses for the first quarter 2023 were $8.15 million as compared to $6.7 million in the Prior Quarter, an increase of 21%. Increases were primarily driven by increased flying activity as a result of higher contract volume and the operation of two aircraft for the entire quarter.

Total assets increased to $28,366,094 from $27,289,573 as at December 31, 2022. The increase in total assets is primarily attributable to an increase in cash from financing activities.

Total liabilities increased to $33,351,536 from $28,948,171 as at December 31, 2022. The increase was made up of the liabilities associated with increase in deferred revenue and increases in accounts payable and accrued liabilities, explained by the timing of payments and invoices received at the end of the period.

Summary of Quarterly Results

Management Commentary

Eddy Doyle, CEO and President of Jetlines commented: “We are pleased to report that several key milestones were achieved in Q1 2023, in February 2023 the Company was proud to introduce Las Vegas as its first international scheduled destination, this was followed in March with a new route from Toronto to Cancun, Mexico. Charter flights and ACMI lease contracts continued to grow throughout the first quarter of 2023 and in March the Company announced it was chosen to provide an aircraft and crew for a 5-month ACMI contract beginning at the end of March, 2023.”

Mr. Doyle continued: “In March, Canada Jetlines announced it was in discussion with Qatar Airways for a potential codeshare agreement where Canada Jetlines would provide service between Toronto and Doha, subject to government approval and completing all applicable agreements between the two airlines. This would offer Canadian travelers access to Qatar Airways' unparalleled network via Doha to destinations in the Middle East, Africa, Indian Subcontinent and across Asia. The Company is continuing to work through the Canadian government approval process and definitive documentation with Qatar Airways.”

Mr. Doyle concluded: “Looking forward, Canada Jetlines has recently announced a number of other charter contracts, including with two Canadian football teams. Canada Jetlines 3 rd aircraft is expected to be delivered in July 2023 and the Company intends to add up to two additional aircraft to its fleet in 2023 and continue to grow its schedule and Charter/ACMI business.”

Liquidity

The Company ended the first quarter of 2023 with $5.1 million in current assets, an increase of $2 million compared to year end 2022. The increase is mainly due to the increase in cash balances from financing activities.

Current liabilities increased from $8.2 million at the end of the Prior Quarter to $11.8 million in the current quarter, mainly due to an increase of $1.1 million in accounts payable and accrued liabilities. In addition, there is a $2.5 million increase in deferred revenue for cash collected for future flight operations.

Based on the Company’s working capital position, the Company will need to raise additional capital during the next twelve months and beyond to support its business plan. The Company is seeking additional capital in the form of debt, convertible debt or equity in order to further invest in the business and facilitate the continued growth of the fleet, including the acquisition of additional leased aircraft, as well as additional working capital.

This news release should be read in conjunction with Canada Jetlines’ condensed interim consolidated financial statements for the three month period ended March 31, 2023 and Management’s Discussion and Analysis available at www.sedar.com.

Canada Jetlines Operations Ltd. (NEO: CJET) (“ Canada Jetlines ” or the “ Company ”) announces that it intends to release first quarter 2023 results after close of market on Monday May 15th and will be hosting a Zoom webinar to provide a business update and discuss the first quarter results and provide a management update the same day.

Shareholders and members of the business media are invited to a Zoom webinar.

When: May 15, 2023 04:00 PM Eastern Time (US and Canada)

Topic: Canada Jetlines Operations Ltd. – Q1 2023 Earnings Release & Management Update

Register in advance for this webinar:

https://events.zoom.us/ev/AtYLuuiXbWr45eaFzUD31B85GYYFQmLvS4_e7ko-QPC_EKONTCnZ~AggLXsr32QYFjq8BlYLZ5I06Dg

After registering, you will receive a confirmation email containing information about joining the webinar.

Canada Jetlines has announced new markets to Las Vegas, USA and Cancun, Mexico which began operations in February and March 2023 respectively. Canada Jetlines’ flights can be booked via Jetlines.com or contact your favorite Travel Agency.

TORONTO — Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) announces that it has signed a contract with the ISIC Program that will see Canada Jetlines provide discounted airfare rates to University enrolled students globally. This agreement complements many other private user group agreements whose members benefit from private rates with Canada Jetlines.

“Canada Jetlines is very pleased to partner with ISIC and its 4.5 Million student members worldwide. We are looking forward to providing access to reduced rate travel options for students as they discover the joy and education associated with travel. We have a world class organization that is reaching out every day to new partners and stakeholders that will benefit from our products and services and we are especially proud to launch this program,” said Canada Jetlines’ Chief Commercial Officer, Duncan Bureau.

“We are excited to partner with Canada Jetlines to bring value to our ISIC members who love to travel and see the world. This partnership is welcomed as we prepare for a busy year ahead for students,” says Corey Grist, Director of Operations and Services at ISIC Canada.

About ISIC Canada

The International Student Identity Card is the only internationally recognized student ID, making cardholders members of a truly global club. Every year more than 4.5 million students from 130 countries use their ISIC to take advantage of offers on travel, shopping, museums, and more, worldwide.

Canada Jetlines Operations Ltd. (NEO: CJET) (“ Canada Jetlines ” or the “ Company ”) announces that it has signed a contract to provide aircraft and crew to the Hamilton Tiger-Cats for their regular season games. The contract will see Canada Jetlines fly the team to select away games during the 2023 season. This represents the second such agreement with the first being the previously announced agreement with the Ottawa Redblacks.

“Canada Jetlines is very pleased to have been selected for this contract with the Hamilton Tiger-Cats, an iconic Canadian Sports Franchise with a rich history dating back to 1869. We are particularly excited about this relationship as we share some of the same qualities with the Hamilton Tiger-Cats such as teamwork, grit and passion. Canada Jetlines has seen continuous growth in demand for its Charter and ACMI (Aircraft Crew Maintenance and Insurance) business which complements our schedule service to leisure destinations,” said Canada Jetlines’ Chief Executive Officer and President, Eddy Doyle.

“We are thrilled to work with Canada Jetlines as the Tiger-Cats charter airline partner in 2023,” said Matt Afinec, President & COO, Hamilton Sports Group. “Reliability, convenience and comfort of our players is of the utmost importance and we’re excited to see this partnership in action throughout the upcoming season.”

Canada Jetlines has completed approximately 150 charter and ACMI flights already since the beginning of 2023 and expects to perform several additional charter flights in the coming months.

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, ON, MARCH 27, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) the new, all-Canadian, leisure airline, announces that it has closed its previously announced non-brokered private placement. Final gross proceeds were raised were $575,002 (the “Offering”).

The Offering consisted of 2,738,104 units issued at $0.21 per unit (each a “Unit”). Each Unit consists of one common or variable voting share (each a “Share”) and one half of one warrant (each whole warrant a “Warrant”). Each Warrant entitles the holder thereof to purchase an additional Share (each a “Warrant Share”) for a period of 24 months after closing at a price of $0.35 per Warrant Share.

The Company intends to use the net proceeds of the Offering for general corporate, working capital and investor relations purposes. $100,000 of the Offering has been allocated to investor relations purposes. The securities issued in the Offering are subject to a four-month period that ends on August 28, 2023.

Canada Jetlines has announced new markets to Las Vegas, USA and Cancun, Mexico which began operations in February and March 2023 respectively. Canada Jetlines’ flights can be booked via Jetlines.com or contact your favorite Travel Agency.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

Canada Jetlines Operations Ltd. (NEO: CJET) (“ Canada Jetlines ” or the “ Company ”) announces that it has signed a contract to provide aircraft and crew to the Ottawa REDBLACKS for select regular season games. The contract will see Canada Jetlines fly the team to away games for the next three seasons starting in 2023 and continuing to 2025.

"We are proud to have been selected for this contract with the Ottawa REDBLACKS, an iconic Canadian professional sports franchise with a rich history. The entire team at Canada Jetlines understands and thrives on teamwork and we are looking forward to being a part of the REDBLACKS organization ensuring we fly them to their games with a world class service. Canada Jetlines has seen continuous growth in demand for its Charter and ACMI (Aircraft Crew Maintenance and Insurance) business which complements our schedule service to leisure destinations,” said Canada Jetlines’ Chief Executive Officer and President, Eddy Doyle.

“We’re excited to partner with Canada Jetlines and look forward to flying with them for the next three years,” said REDBLACKS President Adrian Sciarra. “Reliable travel is integral for our players and staff and this new agreement will ensure that continues in 2023 and beyond.”

Canada Jetlines has completed approximately 100 charter and ACMI flights already since the beginning of 2023 and expects to perform several additional charter flights in the coming months.

TORONTO -- Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) is pleased to announce the signing of a letter of intent for its third Airbus A320 aircraft, which will be provided by a global aviation lessor providing aircraft and capital to the world’s airlines. Delivery of the aircraft is expected by July 2023.

“I am pleased that we have identified our third aircraft,” stated Canada Jetlines CEO, Eddy Doyle. “We are seeing significant demand for the summer season and the addition of this aircraft will help support our existing customers and continue the Company’s growth plans.”

The aircraft is an Airbus A320-200, listed under the manufacturer’s serial number #3312, equipped with two CFM56-5B4/3 engines. The aircraft cabin will be configured with the new Recaro 3530 seats, in-seat usb power, and personal electronic device holder. The airline will also install the Flymingo Box system, which offers an enhanced passenger experience through its wireless inflight entertainment.

The delivery of the aircraft remains subject to customary conditions, including the execution of a definitive aircraft lease agreement and satisfactory inspection of the aircraft by the Company.

TORONTO, ON, March 27, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“ Canada Jetlines ” or the “ Company ”) announces that it has signed a contract to provide aircraft and crew for 5 months starting at the end of March 2023. The contract consists of daily flying and will run until the beginning of September 2023.

"We are proud to have been selected for this contract. Canada Jetlines has seen continuous growth in demand for its Charter and ACMI (Aircraft Crew Maintenance and Insurance) business which complements our schedule service to leisure destinations,” said Canada Jetlines’ Chief Executive Officer and President, Eddy Doyle.

Canada Jetlines has completed approximately 50 charter and ACMI flights already since the beginning of 2023 and expects to perform several additional charter flights in the coming months. 

NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO — Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) the new, all-Canadian, leisure airline, announces that it intends to undertake a non-brokered private placement with a single arm’s length investor to raise from $1,000,020 (the “Offering”) and that it has closed its previously announced $1,500,000 loan transaction.

Offering

The Offering consists of 4,762,000 units issued at $0.21 per unit (each a “ Unit ”). Each Unit consists of one variable voting share (each a “ Share ”) and one half of one warrant (each whole warrant a “ Warrant ”). Each Warrant entitles the holder thereof to purchase an additional Share (each a “ Warrant Share ”) for a period of 24 months after closing at a price of $0.35 per Warrant Share.

The Company intends to use the net proceeds of the Offering for general corporate and working capital purposes. The closing of the Offering is subject to customary closing conditions, including the receipt of the approval of the Neo Exchange Inc. Closing is expected to occur on or before April 15, 2023.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

Loan Transaction

The Company also announces that it has closed its previously announced non-convertible term Loan Agreement for a $1,500,000 loan (the “ Loan ”). The terms of the Loan include:

• the Loan was advanced in a single tranche on March 12, 2023 for gross proceeds of $1,500,000;
• the Loan bears interest at the rate of 7.95% per annum and has a maturity date of 60 months from the date of advance;
• principal and interest amounts are payable in equal monthly installments for the term of the Loan plus an additional annual 10% principal repayment;
• no shares are issuable in connection with the Loan;
• the lender is granted a Board nomination right to nominate an independent director for the term of the Loan;
• the Company shall pay the document closing costs of the lender; and
• the Loan is secured with a subordinate security interest against the Company’s credit card processor holdback funds.

The lender (Square Financial Investment Corporation) (“ Lender ”) is a wholly owned holding company for Reg Christian, a director of the Company and travel industry veteran. The Company intends to use the net proceeds of the Offering and the Loan for general corporate and working capital purposes.

The Lender is an affiliate of a director of the Company (Reg Christian). The Lender’s participation in the Loan is considered a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). As the transaction is a non-convertible loan, the formal valuation requirements of MI 61-101 are not applicable to the transaction. The transaction is exempt from the minority shareholder approval and information circular requirements of MI 61-101 pursuant to section 5.7(1)(a) of MI 61-101, as neither the fair market value of the consideration to be issued under the transaction nor the consideration to be paid by the insiders will exceed 25% of the Company's market capitalization, and section 5.7(1)(f) of MI 61-101, as the Loan represents a loan from a related party on reasonable commercial terms that are not less advantageous to the Company than if the Loan were obtained from a person dealing at arm’s length and the Loan is not convertible or repayable in securities. The Company will not file a material change report related to this financing more than 21 days before the expected closing of the Loan as required by MI 61-101 since the details of the participation by the related parties of the Company were not settled until just prior to closing and the Company wished to close on an expedited basis for sound business reasons. The securities that will be acquired by the related parties will be acquired pursuant to an exemption from the prospectus requirement in section 2.24 of National Instrument 45-106.

Canada Jetlines has announced new markets to Las Vegas, USA and Cancun, Mexico which began operations in February and March 2023 respectively. Canada Jetlines’ flights can be booked via Jetlines.com or contact your favorite Travel Agency. Canada Jetlines will operate its growing network with a fleet of Airbus A320 aircraft.

TORONTO, ON, March 8 , 2023 – Following a distribution agreement announcement in July 2022, Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”), has confirmed that Travel Agents in Canada are now able to view and book Canada Jetlines inventory via the Amadeus Travel Platform.

Amadeus is one of the world’s largest travel technology providers and powers IT systems for the global airline, hospitality and travel agency industries.

Joining the Amadeus global marketplace enables Canada Jetlines to enhance its geographic reach and target new leisure traveler segments, while providing travel agents with increased options to create optimal travel experiences for their clients.

"Canada Jetlines’ business plan from day one has relied on strategic partnerships with the Travel Trade, by offering very competitive earning opportunities for those travel agents that support our flights.  We are excited to be able to distribute our seats through the Amadeus Travel Platform, placing our content in the hands of agents around the world,” said Canada Jetlines Chief Commercial Officer, Duncan Bureau. “Since going live on the Amadeus Travel Platform we have seen a significant increase in sales, which was expected, and we are pleased with these results.”

Kamal Singhee, VP Airlines, North America, Amadeus, said “We are happy to enable Canada Jetlines  to increase its global reach as the airline continues to grow sales with travel agencies around the world.”

Canada Jetlines has announced new markets to Las Vegas, USA and Cancun, Mexico which began operations in February and March 2023 respectively. Canada Jetlines’ flights can be booked via Jetlines.com or contact your favorite Travel Agency. Canada Jetlines will operate its growing network with a fleet of Airbus A320 aircraft.

TORONTO, ON, March 3rd , 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”), is pleased to announce their first scheduled flight to Mexico from Canada took place today, between Toronto and Cancun.

"Canada Jetlines is very proud to operate our first scheduled flight between Canada and Mexico. Following the recent announcement of our first successful scheduled operation to Las Vegas Nevada, we are pleased to be flying this morning to Cancun,” said Canada Jetlines Chief Commercial Officer, Duncan Bureau. “Canada Jetlines continues to expand on the strong relationships with the Travel Agency community, and Tourism Boards in both Canada and Mexico. We are looking forward to offering our world class product to those that are traveling between the province of Ontario and the state of Quintana Roo. Jetlines is looking forward to adding more markets and partners across North America, Mexico, and the Caribbean.”

TORONTO, ON, February 22, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”), is pleased to announce the signing of an Ultra-Clean fuel offtake agreement with ClearSky Global Inc. Under the terms of the agreement, Canada Jetlines will purchase up to 18,000,000 litres per year of jet fuel from ClearSky Global, providing a stable and secure supply of low emissions SAF fuel for the airline.

This partnership is a significant step forward for both companies, as it allows Canada Jetlines to focus on its core business of providing high quality leisure air travel using low carbon emission fuel to its clients, while ClearSky Global is able to expand its customer base and secure long-term contracts with a unique and growing airline with an exciting future.

The companies have not disclosed the financial details of the agreement, but both parties are confident that this partnership will be mutually beneficial and will lead to continued growth and success for each entity in the future.

"We are pleased to be partnering with Canada Jetlines, and we look forward to working together to provide our superior and cost-effective low-emission jet fuel, which supports the global airline commitment towards NetZero and 10% emissions reduction targets by 2030," said ClearSky Global CEO, Timothy Kozmyk.

"This agreement with ClearSky Global is a major step forward for Canada Jetlines, as it allows us to fly on cleaner fuel and reduce our impact on the environment while enabling us to stay within our operational budgets. ClearSky’s jet fuel enables us to provide our customers with a high-quality service using a low-emissions energy source without passing added fuel costs on to our customers.” said Canada Jetlines CEO, Eddy Doyle.

About ClearSky Global: ClearSky Global is a modern energy company committed to commercializing economically feasible disruptive technologies, enabling the company to provide superior energy solutions to customers and the global community searching for viable answers to energy transition.   The company will deliver its SAF jet fuel to the North American market beginning in 2025, enabling ClearSky to provide its superior quality low-emission fuel at an industry-leading competitive price, and enabling airlines like Canada Jetlines to make significant progress towards IATA emission reductions targets in the near term.

TORONTO--Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”), is pleased to announce that the first scheduled flights to the United States from Canada occurred on February 16th between Toronto and Las Vegas.

"Canada Jetlines is very proud to have operated our first scheduled flight between Canada and the United States. Las Vegas is the entertainment capital of the world and a very popular getaway destination with attractions, professional sports, gambling, and gastronomic delights,” said Canada Jetlines Chief Commercial Officer, Duncan Bureau. “Canada Jetlines has built strong relationships with the Travel Agency community, and tourism boards in both Canada and Nevada. We are looking forward to offering our world class product to those that are traveling between Ontario and Nevada. The airline is looking forward to adding more markets and partners across North America, Mexico, and the Caribbean.”

Canada Jetlines has announced Cancun, Mexico which are scheduled to begin operations in March 2023 respectively. Canada Jetlines’ flights can be booked via Jetlines.com or contact your favorite Travel Agency. Canada Jetlines will operate its growing network with a fleet of Airbus A320 aircraft.

TORONTO, ON, February 16, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”), has confirmed that Travel Agents in Canada  are now able to view and book Canada Jetlines seat inventory via the Sabre Global Distribution System.

Sabre Corporation, a leading software and technology provider that powers the global travel industry, will now enable their subscribers in Canada to sell Canada Jetlines inventory.

Joining Sabre's global marketplace will enable Canada Jetlines to enhance its geographic reach and target new leisure traveler segments, while providing travel agents with increased options to create optimal experiences for their clients.

"We are excited to be able to distribute our seats through Sabre's extensive global marketplace,” said Canada Jetlines Chief Commercial Officer, Duncan Bureau. “Canada Jetlines has built strong relationships with the Travel Agency community who will benefit from the ease of booking flights and vacations within the Sabre environment. The airline is looking forward to adding more markets and partners across North America, Mexico, and the Caribbean.”

 “Sabre is pleased Canada Jetlines has chosen to distribute its content through the Sabre global marketplace, ” said John Bailey, regional general manager - North America, Sabre Travel Solutions. “We look forward to supporting Canada Jetlines’ ambitious growth objectives and making the airline’s content available to the hundreds of thousands of travel agents using Sabre around the world.”

Canada Jetlines has announced new markets to Melbourne/Orlando Florida, Las Vegas and Cancun, Mexico which are scheduled to begin operations in February and March 2023 respectively. Canada Jetlines’ flights can be booked via Jetlines.com or contact your favorite Travel Agency. Canada Jetlines will operate its growing network with a fleet of Airbus A320 aircraft.

TORONTO, ON, February 10, 2023 -- Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) the new, all-Canadian, leisure airline, announces that it has entered into a non-convertible term Loan Agreement for a $1,500,000 loan (the “Loan”) from Roosheila Group Inc. (the “Lender”). The Lender is a holding company for Reg Christian, a director of the Company and travel industry veteran. The terms of the Loan include:

• he Loan will be advanced in a single tranche of $1,500,000 (“First Tranche”) following Neo Exchange Inc. approval;
• the Loan bears interest at the rate of 7.95% per annum and has a maturity date of 60 months from the date of advance;
• principal and interest amounts are payable in equal monthly installments for the term of the Loan plus an additional annual 10% principal repayment;
• no shares are issuable in connection with the Loan;
• the Lender is granted a Board nomination right to nominate an independent director for the term of the Loan;
• the Borrower shall pay the document closing costs of the Lender; and
• the Loan is secured with a subordinate security interest against the Company’s credit card processor holdback funds.

The Company intends to use the net proceeds of the Offering and the Loan for aircraft acquisition, general corporate and working capital purposes.

The Lender is an affiliate of a director of the Company (Reg Christian). The Lender’s participation in the Loan is considered a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). As the transaction is a non-convertible loan, the formal valuation requirements of MI 61-101 are not applicable to the transaction. The transaction is exempt from the minority shareholder approval and information circular requirements of MI 61-101 pursuant to section 5.7(1)(a) of MI 61-101, as neither the fair market value of the consideration to be issued under the transaction nor the consideration to be paid by the insiders will exceed 25% of the Company's market capitalization, and section 5.7(1)(f) of MI 61-101, as the Loan represents a loan from a related party on reasonable commercial terms that are not less advantageous to the Company than if the Loan were obtained from a person dealing at arm’s length and the Loan is not convertible or repayable in securities. The Company will not file a material change report related to this financing more than 21 days before the expected closing of the Loan as required by MI 61-101 since the details of the participation by the related parties of the Company were not settled until just prior to closing and the Company wished to close on an expedited basis for sound business reasons. The securities that will be acquired by the related parties will be acquired pursuant to an exemption from the prospectus requirement in section 2.24 of National Instrument 45-106.

Visit Jetlines.com to learn more and book reservations and vacation packages with your preferred travel agent. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

TORONTO, ON, February 8, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the all-Canadian leisure airline, is pleased to announce that it has appointed Rossen Dimitrov to its Board of Directors. Mr. Dimitrov is an experienced senior executive with over 20-years of experience in the airline industry and is presently employed as the Chief Officer Customer Experience at Qatar Airways.

As the Chief Officer Customer Experience at Qatar Airways, Rossen is constantly challenging the status quo by building a customer-centric approach to delivering future-proof aircraft, lounge and airport interiors, technology-enabled experiences and new service concepts that are the foundation of the airlines' customer experience.

Earning an internationally recognised reputation for creating bespoke guest experiences and being awarded as number #3 on the Future Travel Experience Airline Passenger Experience Global Power List, Mr. Dimitrov has held various senior executive and advisory roles in Canada and internationally including Chief Operating Officer at Air Italy, Chief Customer Experience Officer Air Italy, and Chief Guest Experience Officer at WestJet, and presently as Chief Officer Customer Experience at Qatar Airways.

“Rossen’s experience and success as a senior executive in airline industry makes him a great addition to strengthen the Canada Jetlines Board of Directors,” stated Eddy Doyle, President & CEO. “We look forward to his leadership and contributions to Canada Jetlines.”

TORONTO -- Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline, has confirmed, in addition to its scheduled flights, Canada Jetlines continues to grow the charter segment of its business and has completed 95 charter flights in December 2022 and January 2023, as compared to 18 flights in November 2022. Total hours flown have increased to 350 hours in the last 2 months as compared to 71 hours in November 2022.

“We see a continuous improvement in our aircraft utilisation as we grow our network and increase our charter business,” said Eddy Doyle CEO Canada Jetlines.

Canada Jetlines sees significant opportunities in the Canadian travel and tourism sector, with strong demand domestically and in international markets like the USA, Mexico, Jamaica, and many others. The airline continues to build out strong relationships with tourism boards, airports, and economic development stakeholders and charter brokers.

TORONTO — Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”), has confirmed a new international nonstop service out of its travel hub of Toronto Pearson International Airport (YYZ) to Cancun (CUN) in Mexico.

The Canadian carrier’s first route into Mexico will launch starting with two flights per week and increased frequency to follow. Cancun Airport is located in the state of Quintana Roo on the Yucatan Peninsula in Mexico. It is a major international airport serving the resort areas of Cancun and the Riviera Maya.

“Our Canada Jetlines family is thrilled to launch service to another international destination in Mexico this winter – continuing expansion of our international network of convenient leisure and business travel,” stated Duncan Bureau, Chief Commercial Officer of Canada Jetlines. “Canada is one of the top countries for international tourists to Mexico and we are pleased to connect Canadians to their favorite sun-destinations as they begin to plan winter vacations.”

Cancun Airport (CUN) is the 10th busiest airport in the world in international passengers according to the Airports Council International - Top 10 Busiest Airports Worldwide 2021 publication. In 2021 more than 13 million passengers traveled to Cancun and the Riviera Maya and the number of visitors is expected to increase rapidly thanks to its fast recovery and more flights being added from all over the world.

Canada Jetlines flights are scheduled to commence in March 2023, with tickets now on sale via Jetlines.com or contact your favorite Travel Agency. Canada Jetlines will operate the route with its growing fleet of Airbus A320 aircraft, including its recently announced second aircraft which was delivered and entered service in December 2022.

TORONTO, ON, JANUARY 11, 2023 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) the new, all-Canadian, leisure airline, is thrilled to announce a partnership with TRAVELKORE – a leading travel safety and travel healthcare services digital platform. Through this partnership, travelers will gain access to a unique digital safety application, healthcare services, and health products at home, or at their preferred destination.

The TRAVELKORE digital platform in conjunction with the CAREKORE digital health platform is globally available to travellers, providing access to free travel safety resources, including access to Medicine and Vaccine Checkers, as well as access to international health services. Additionally, travellers are provided complimentary membership to the CAREKORE digital health platform and free use of the SAFEKORE digital safety app.  

“Canada Jetlines is excited to officially collaborate with TRAVELKORE as our travel safety and healthcare services digital platform,” shared Duncan Bureau, CCO of Canada Jetlines. “We look forward to being able to offer our passengers with the peace of mind and reliability of the CAREKORE digital health platform and SAFEKORE application.”

“This partnership between two globally reaching and growing Canadian companies can give travelers the resources and services they need to stay safe at their leisure destinations, or at home,” commented Tim Scurry, Chairman of Travelkore. “The entire team is looking forward to working with the Canada Jetlines team and their customers.”

TORONTO, ON, January 9, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) the new, all-Canadian, leisure airline, is pleased to announce a partnership with TripAdmit, the online booking system providing passengers with the ability to select and book from a full range of tours and activities in the destinations served by the airline. 

TripAdmit has produced a fully customized white label solution for Canada Jetlines, utilizing powerful booking software and AI technology for personalized segmentation – with the aim to maximize ancillary revenue opportunities from the sale of activities to Jetlines’ passengers. News of the partnership is shared following Canada Jetlines’ addition of three additional routes, including Vancouver, Las Vegas, and Melbourne/Orlando, Florida.

TripAdmit’s white label solution enables distribution partners to provide their customers with the opportunity to choose and book from a portfolio of over 50,000 trip and activity experiences in over 100 countries globally.  

“We are thrilled about partnering with TripAdmit to offer passengers convenient access to a range of tours and activities throughout their travel journey,” said Duncan Bureau, CCO of Canada Jetlines. “As the Canada Jetlines network continues to expand internationally, we aim to keep our passengers connected throughout every brand touchpoint.”

Carl Cromie, Director of Travel Partnerships at TripAdmit, said, “Canada Jetlines is a progressive airline which is focused on the leisure traveller. Our bespoke white label solution will enable the carrier to offer its customers the ability to book any trip or activity available in any destination they serve, whilst driving conversions and providing a new source of ancillary revenue.  Experiences are an important channel for airlines and this latest agreement is testament to TripAdmit´s high standards and strong partnership programme.”

TORONTO, ON, JANUARY 5, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) the new, all-Canadian, leisure airline, is pleased to announce a partnership with Boom Group Inc (BOOM), Western Canada’s leading employee and member rewards platform. Through this alliance, travellers will have the ability to enroll through the BOOM Rewards’ platform to purchase flights at a preferred rate, on all current and future routes via Canada Jetlines’ international network.

The BOOM platform powers the leading membership rewards and loyalty program, allowing member companies to engage, grow, and create unique experiences for members. News of the partnership is shared following Canada Jetlines’ addition of two new routes, including Las Vegas, and Melbourne/Orlando, Florida, in addition to a second aircraft to the carrier’s growing fleet.

“We’re thrilled to partner with BOOM Group to provide travellers with a convenient and accessible loyalty programs and rewards platform to fuel future travel,” shared Eddy Doyle, CEO of Canada Jetlines. “As a leader in the rewards space, with tens of thousands of members, BOOM will plug Canada Jetlines into a high value, targeted consumer base for individuals seeking tailored experiences.”

“Travel continues to be one of the most popular and growing categories in the BOOM platform,” said Laureen Regan, President, and CEO of Boom Group Inc. “Canada Jetlines provides access to flight options for domestic leisure travel routes with future expansion planned for international routes. We are excited to be partnering with Canada Jetlines to provide our BOOM Members with new travel options at great rates.”

TORONTO, ON, DECEMBER 19, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) the new, all-Canadian, leisure airline, is pleased to announce that the United States (U.S.) Federal Aviation Administration (FAA) has granted the carrier authority to operate and fly to and from the United States. This news follows the recent economic authority granted by the U.S. Department of Transportation, several weeks ago.

"The U.S. is a major market for Canadian travellers and we are looking forward to expanding our international network.  Jetlines is ready to start flying to the Melbourne/Orlando International airport in Florida and to the  Harry Reid International Airport in Las Vegas, with both inaugural flights scheduled for January 19, 2023,” stated Eddy Doyle, President & CEO Canada Jetlines.

This update follows Canada Jetlines’ confirmation of nonstop service to Vancouver, which officially launched with the inaugural flight on December 9, 2022. In addition to its regular service, Canada Jetlines will operate numerous charter flights throughout December. Canada Jetlines will also be welcoming a second Airbus A320 aircraft as of December 19, 2022, which will help meet demand during peak travel season.

TORONTO, ON, DECEMBER 9, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) the new, all-Canadian, leisure airline, has confirmed the inaugural flight for the new, nonstop service out of its travel hub at Toronto Pearson International Airport (YYZ) to Vancouver International Airport (YVR).

Canada Jetlines will commence direct roundtrip Airbus A320 service from Toronto to Vancouver, with the inaugural flight event taking place both at the Toronto departure and Vancouver arrival gates on Friday, December 9, 2022. Members of the Canada Jetlines executive team will be in attendance, including President and CEO, Eddy Doyle and CCO, Duncan Bureau CCO, as well as executives from the Toronto Pearson and Vancouver International Airport teams.

The new route will provide a convenient schedule for leisure travel, creating more accessible flight options within Canada and connecting the lower mainland and southern Ontario. As Jetlines continues to expand its international network, the route is also a convenient connection into Toronto, where travellers can board Jetlines flights to sun destinations in the U.S. Vancouver International Airport serves Vancouver and its surrounding cities and is the second busiest airport in Canada in terms of passenger traffic behind Toronto Pearson Airport.

“We look forward to expanding our services into Vancouver ahead of the upcoming holiday travel season,” said Eddy Doyle, President and CEO, Canada Jetlines. “As Canada Jetlines aims to provide travellers with more options, we’re excited to bring the country’s newest leisure airline to Vancouver.”

The new route ushers in the launch of a partnership with Hertz Canada Limited (“Hertz”), as the carrier’s car rental provider. Canada Jetlines’ passengers can now book car rentals at the best available rates for Hertz. The Canada Jetlines team is grateful for the support of both Toronto Pearson International Airport and Vancouver International Airport, along with Airport Terminal Services (ATS).

Visit Jetlines.com to book travel and follow Canada Jetlines on all social media platforms via #CanadaJetlines to keep up with the latest Jetlines news. Travellers can reserve vacation packages with preferred travel agents, who can earn up to 10% commission on all base fares, when contracted directly with Canada Jetlines.

TORONTO, ON, DECEMBER 8, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) the new, all-Canadian, leisure airline, is pleased to announce a partnership with Park’N Fly, the nation’s leader in off-airport parking, as their official national airport parking provider.

Travellers departing from one of Canada Jetlines’ major airport hubs within Canada, can take advantage of the host of services offered by Park’N Fly. With a network that spans coast-to-coast, travellers can enjoy the convenience and peace of mind knowing that their trip will start and end with Canada’s leading airport parking provider. Park‘N Fly offers unique services like luggage assistance, quick shuttle service to and from the airport and in select locations optional detailing and oil change services in select locations, and more. 

“Our team is excited to partner with Park’N Fly to offer passengera a stress-free, airport parking experience, with unparalleled service and amenities,” shared Duncan Bureau, CCO of Canada Jetlines. “With holiday travel in full force, we aim to create a convenient and accessible travel experience for all Canada Jetlines passengers.”

“We are delighted to announce of the new partnership between Park’N Fly and Canada Jetlines which will offer convenience and value to their Canadian guests as they travel to some of their favourite destinations,” said Frank DeCesare, Park’N Fly’s Vice President of Sales and Marketing.

The announcement follows news that Canada Jetlines will commence direct roundtrip service from Toronto to Vancouver on Friday, December 9, 2022. The new route will provide a convenient schedule for leisure travel, creating more accessible flight options within Canada and connecting the lower mainland and southern Ontario. 

TORONTO, ON, DECEMBER 5, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline, invites travel agents and tour operators to escape the Calgary cold for respite and holiday shopping in Toronto and for a special Canada Jetlines experience taking place on December 8th – kicking off at the Canada Jetlines gate at Calgary International Airport (YYC) to Toronto Pearson International Airport (YYZ). The flight experience is in celebration of the launch of the new Minhas Distillery produced Moneybag Vodka, created by rock music icon and Co-Founder of KISS, Gene Simmons.

The December 8th flight from Calgary to Toronto is open to the public for reservations, with exclusive rates locked in for travel agents who can join the roundtrip experience for $198 CA (with all taxes and fees included). The same rate is extended to one agent companion, including return flight from Toronto to Calgary on December 11.

Agents and travellers who purchase tickets for the experience will have the chance to join the launch party in Calgary with Gene Simmons and MoneyBag Vodka.

“We’re excited to offer this one-of-a-kind experience for travellers and travel agents as we celebrate the launch of MoneyBag Vodka with pop culture icon, Gene Simmons.” shared Duncan Bureau, Chief Commercial Officer of Canada Jetlines. “We look forward to a real party in the skies and at the gate in Calgary.”

Bookings for this flight can be made via Jetlines.com – for travel agent FAM bookings, please contact the Canada Jetlines call centre at 1-866-320-8687 or email tasales@jetlines.ca.

TORONTO, ON, NOVEMBER 23, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline, invites travellers to reserve tickets for a very special flight experience, joining Gene Simmons, Creator of MoneyBag Vodka & Co-Founder of KISS, for the launch of the Minhas Distillery produced Moneybag Vodka. The exclusive on-board passenger meet and greet is set for December 8, 2022, from Calgary (YYC) to Toronto Pearson International Airport (YYZ) and open to the public for ticket reservations.

Gene Simmons will join passengers after boarding, where he will share samples of his new MoneyBag Vodka to all interested guests during an on-board meet and greet before departure. MoneyBag Vodka will be offered to all passengers aboard any flight in the Canada Jetlines network.

Tickets are currently on sale via Jetlines.com and travellers who purchase tickets for the experience will have the chance to join the party with MoneyBag Vodka and Gene Simmons from Calgary to Toronto, along with $100 voucher towards any future Jetlines flight, and limited memorabilia.

Canada Jetlines passengers can sip on a range of Minhas Brewery libations in the skies, ranging from lemonades, vodka mules and craft sodas to beer and top-shelf spirits. Minhas Distillery, a division of Minhas Brewery, was established in 2006 and has earned a reputation for producing some of the best artisan spirits and liqueurs, using only the finest ingredients.

“Canada Jetlines is happy to provide complimentary service of Minhas beverages on-board our international network of flights,” shared Eddy Doyle, Chief Executive Officer of Canada Jetlines. “We seek to provide one-of-a-kind experiences for all our passengers, and this be an offering only offered via Canada Jetlines.

“I am proud to combine two of my favorite passions; the creation of unique beverages and bringing amazing experiences to Canada Jetlines passengers,” stated Ravinder Minhas, Co-Founder Minhas Breweries and Distillery. “We are proud to have The God of Thunder joining us on-board Canada Jetlines with MoneyBag Vodka.”

The partnership news follows announcement that Canada Jetlines recently launched two international routes into the United States, starting with service to Las Vegas into Harry Reid International Airport (LAS), followed by service to Melbourne Orlando International Airport in Florida (MLB). Operation of these flights are subject to final Federal Aviation Administration approval.

TORONTO, ON, NOVEMBER 10, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline, has confirmed a new international nonstop service out of its travel hub at Toronto Pearson International Airport (YYZ) to Melbourne Orlando International Airport (MLB) in Florida.

The Canadian carrier’s second route into the United States will launch starting with two flights per week and increased frequency to follow. Located 50 miles southeast of Orlando, Melbourne connects Florida visitors to Orlando, Central Florida’s Space Coast and Cocoa Beach. The new service out of Toronto will be Canada Jetlines’ fourth nonstop route, following the announcement of Las Vegas. Operation of these flights are subject to final Federal Aviation Administration approval.

“Our Canada Jetlines family is thrilled to launch service to another exciting U.S. destination this winter – continuing expansion of our international network of convenient leisure and business travel,” stated Eddy Doyle, Chief Executive Officer of Canada Jetlines. “Canada is one of the top countries for international tourists to Central Florida and we are pleased to connect Canadians to their favorite sun-destinations as they begin to plan winter vacations.”

“We are delighted to welcome Canada Jetlines to the Melbourne Orlando International Airport,” said MLB Executive Director Greg Donovan. A.A.E. “Adding Canada Jetlines to our ever-growing roster of air service partners is an incredible win for MLB and the community we proudly serve. We are thrilled to offer this new service for visiting Canadians making it easy for our guests to enjoy all that the Space Coast and Central Florida have to offer. Between the added convenience for second homeowners or quick accessibility for our beloved ‘snowbirds’, the new service is well timed and appreciated.”

“The addition of Jetlines to the roster for MLB is another great route from Toronto, Canada, and a sign that the Space Coast is a hot destination internationally. We welcome them to the family and look forward to a long-lasting partnership!” said Peter Cranis, Executive Director of the Space Coast Office of Tourism.

Flights are scheduled to commence on Jan 19th, 2023, with tickets now on sale via Jetlines.com or contact your favorite Travel Agency. Canada Jetlines will operate the route with its growing fleet of Airbus A320 aircraft, including its recently announced second aircraft which is expected to be delivered by this December.

The announcement comes as work nears completion on the $72 million-dollar terminal renovation and expansion project at MLB. The project will provide major upgrades to the comfort and convenience of the MLB customer experience with the addition of 86,000 square feet of new facilities.

This new service will complement the airlines’ current operations of biweekly flights, operating Thursdays, and Sundays out of Toronto (YYZ) to Calgary (YYC) from 07:55am -- EST 10:10am MST and returns from Calgary (YYC) to Toronto (YYZ) 11:40am MST – 17:20 EST.

TORONTO, ON, NOVEMBER 9, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline, has signed a cargo sales and service agreement with GO Above and Beyond Inc. Canada Jetlines has recently received approval from Transport Canada that will permit it to carry cargo on flights and GO Above and Beyond Inc. will act as sales agent for Canada Jetlines’ cargo services.

“We are pleased to announce our cargo sales and service agreement with GO Above and Beyond. We look forward to a successful partnership that will allow Canada Jetlines to provide air cargo belly space on all our routes,” shared Brad Warren, Chief Operating Officer of Canada Jetlines. “As we continue to expand our network, Canada Jetlines will be well positioned to offer an attractive solution for shippers seeking air cargo space.”

“There is a strong demand for air cargo space, GO Above and Beyond is looking forward to work with Canada Jetlines to provide shippers with a new option to accommodate their needs and provide Canada Jetlines with incremental revenue,” says Gary Ogden, President of GO Above and Beyond Inc.

TORONTO, ON, NOVEMBER 9, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline, has announced a partnership with Hertz Canada Limited (“Hertz”) as the carrier’s car rental provider. Canada Jetlines’ passengers can now book car rentals at the best available rates for Hertz.

Travellers flying with Canada Jetlines can secure special rates with Hertz when booking on Canada Jetlines’ website as well as with a Canada Jetlines boarding pass at the brand’s car rental locations in Canada. Hertz will also periodically offer special promotions and exclusive car rental benefits to the airline's passengers.

“We’re honored to partner with such a globally recognized brand and trusted car rental provider,” stated Eddy Doyle, CEO of Canada Jetlines. “As we seek to continuously elevate our offerings, Canada Jetlines is excited to provide travellers with top-tier car rental options at the best available rates.”

“We’re thrilled to partner with Canada Jetlines to provide their customers with exceptional service and a variety of rental vehicles to fit their needs,” said Adnan Manzur, Senior Director of Operations-Canada Region. “Together, we are committed to providing a seamless air-to-ground travel experience.”  

The partnership announcement follows news that Canada Jetlines confirmed a new route out of its travel hub at Toronto Pearson International Airport (YYZ) with direct service to Vancouver International Airport (YVR), starting December 2022. The new route aims at providing more accessible travel within Canada, connecting the lower mainland and southern Ontario, operating twice weekly.

This new service will complement the airlines operations of biweekly flights, operating Thursdays, and Sundays out of Toronto (YYZ) to Calgary (YYC) from 07:55am -- EST 10:10am MST and returns from Calgary (YYC) to Toronto (YYZ) 11:40am MST – 17:20 EST.

TORONTO, ON, NOVEMBER 8, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline, has confirmed international nonstop service out of its travel hub at Toronto Pearson International Airport (YYZ) to Las Vegas, Nevada through Harry Reid International Airport (LAS).

The carrier’s first route into the United States is scheduled to launch on January 19, 2023, with multiple frequencies per week. The new service from Toronto will be Jetlines’ third nonstop route to serve Canadians. Flights will commence in January 2023, with travel now on sale via Jetlines.com. Operation of these flights are subject to final Federal Aviation Administration approval.

“We are incredibly excited to launch Canada Jetlines’ international services with a route to the entertainment capital of the world,” shared Eddy Doyle, Chief Executive Officer of Canada Jetlines. “As we continue to expand our international network with our first route into the U.S., we look forward to beginning services in such a coveted tourist and convention destination such as Las Vegas.”

Canada Jetlines will operate this with its growing fleet of Airbus A320 aircraft, including its recently announced second aircraft which is expected to be delivered by this December. The announcement follows news that Canada Jetlines will commence Airbus A320 service from Toronto to Vancouver in December 2022.

This new service will complement the airlines’ operations of biweekly flights, operating Thursdays, and Sundays out of Toronto (YYZ) to Calgary (YYC) from 07:55am -- EST 10:10am MST and returns from Calgary (YYC) to Toronto (YYZ) 11:40am MST – 17:20 EST.

TORONTO, ON, NOVEMBER 1, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline, is pleased to announce the United States Department of Transportation has granted economic authority to serve the U.S. This exemption is effective immediately and will be replaced by a permanent foreign air carrier permit. Canada Jetlines requires Federal Aviation Administration (FAA) approvals before it can start operating to the United States and expects this process to be completed before the end of the year. 

The announcement follows Canada Jetlines’ confirmation of a new route out of its travel hub at Toronto Pearson International Airport (YYZ) with direct service to Vancouver International Airport (YVR), starting December 2022. The new route aims at providing more accessible travel within Canada, connecting the lower mainland and southern Ontario, operating twice weekly with frequency increasing before the new year.  

"We are looking forward to expand our international network, as the U.S. is a top market for Canadian travelers” stated Eddy Doyle, President & CEO Canada Jetlines. “With the winter months fast approaching, we know sun destinations will be a priority for leisure travel and we intend to announce our first international destination later this month.” 

This upcoming Vancouver service will complement the airlines operations of biweekly flights, operating Thursdays, and Sundays out of Toronto (YYZ) to Calgary (YYC) from 07:55am -- EST 10:10am MST and returns from Calgary (YYC) to Toronto (YYZ) 11:40am MST – 17:20 EST. 

Visit Jetlines.com to book travel and follow Canada Jetlines on all social media platforms and keep up with #CanadaJetlines for the latest news. Travellers can reserve vacation packages with preferred travel agents, who can earn up to 10% commission on all base fares, when contracted directly with Canada Jetlines.

TORONTO, ON, OCTOBER 26, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) the new, all-Canadian, leisure airline, announces that it intends to undertake a non-brokered private placement with its new Chair, Brigitte Goersch, to raise from $150,000 (the “Offering”). The Offering consists of units issued at $0.255 per unit (each a “Unit”). Each Unit consists of one variable voting share (each a “Share”) and one half of one warrant (each whole warrant a “Warrant”). Each Warrant entitles the holder thereof to purchase an additional Share (each a “Warrant Share”) for a period of 24 months after closing at a price of $0.40 per Warrant Share.

The Company also announces that it intends to enter into a Loan Agreement for a $1,000,000 loan (the “Loan”) from Roosheila Group Inc. (the “Lender”). The Lender is a holding company for Reg Christian, a director of the Company and travel industry veteran. The terms of the Loan include:

• the Loan bears interest at the rate of 7% per annum;
• a maturity date of 48 months from the closing date;
• principal and interest amounts are payable in equal monthly installments for the 48 month term;
• the Lender will be issued 25,000 common shares on the date that is 12 months from the closing date and an additional 25,000 common shares on the date that is 24 months from the closing date;
• the Lender is granted a Board nomination right for the term of the Loan; and
• the Loan is unsecured.

The Company intends to use the net proceeds of the Offering and the Loan for aircraft acquisition, general corporate and working capital purposes. The closing of the Offering and the Loan is subject to customary closing conditions, including the execution of definitive documentation and receipt of the approval of the Neo Exchange Inc.

Mrs. Brigitte Goersch, Chair of the Company, will be acquiring $150,000 of Units in the Offering. In addition, the Lender is an affiliate of a director of the Company (Reg Christian). Ms. Goersch’s participation in the Offering and the Lender’s participation in the Loan are each considered a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The related party transactions are exempt from minority approval, information circular and formal valuation requirements pursuant to the exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the consideration to be issued under the transaction nor the consideration to be paid by the insiders will exceed 25% of the Company's market capitalization. The Company will not file a material change report related to this financing more than 21 days before the expected closing of the Loan as required by MI 61-101 since the details of the participation by the related parties of the Company were not settled until just prior to closing and the Company wished to close on an expedited basis for sound business reasons. The securities that will be acquired by the related parties will be acquired pursuant to an exemption from the prospectus requirement in section 2.24 of National Instrument 45-106.

Visit Jetlines.com to learn more and book reservations and vacation packages with your preferred travel agent. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

TORONTO, ON, OCTOBER 19, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline, has confirmed a new route out of its travel hub at Toronto Pearson International Airport (YYZ) with direct service to Vancouver International Airport (YVR).

Starting December 2022, Canada Jetlines will commence Airbus A320 service from Toronto to Vancouver. The new route aims at providing more accessible travel within Canada, connecting the lower mainland and southern Ontario, operating twice weekly. Vancouver International Airport serves Vancouver and its surrounding cities and is the second busiest airport in Canada in terms of passenger traffic behind Toronto Pearson Airport.

“Following the launch of a successful first route out of Toronto, we look forward to expanding our services into Vancouver ahead of the upcoming holiday travel season,” shared Duncan Bureau, Chief Commercial Officer of Canada Jetlines. “We seek to provide Canadian travellers with more convenient travel options and look forward to bringing the country’s newest leisure airline to YVR.”

“We look forward to welcoming Canada Jetlines to YVR, providing more connections to Toronto and southern Ontario for travellers to visit family and friends,” said Mike McNaney, Vice President & Chief External Affairs Office at Vancouver Airport Authority. “We are excited about the options this new airline is offering from YVR, just in time for the holiday season and throughout the year.”

This new service will complement the airlines operations of biweekly flights, operating Thursdays and Sundays out of Toronto (YYZ) to Calgary (YYC) from 07:55am -- EST 10:10am MST and returns from Calgary (YYC) to Toronto (YYZ) 11:40am MST – 17:20 EST.

Visit Jetlines.com to book travel and follow Canada Jetlines on all social media platforms and keep up with #CanadaJetlines for the latest news. Travellers can reserve vacation packages with preferred travel agents, who can earn up to 10% commission on all base fares, when contracted directly with Canada Jetlines.

TORONTO, ON, OCTOBER 17, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) the new, all-Canadian, leisure airline, is pleased to announce the signing of a Lease Agreement for its second Airbus A320 aircraft, which will be provided by CCB Leasing, with delivery of the aircraft expected by November 30, 2022.

“I am pleased that we have a definitive agreement for our second aircraft,” stated Canada Jetlines CEO, Eddy Doyle. “The Airbus A320 is a fuel-efficient, narrow-body framework that supports a high-density seat configuration. Canada Jetlines completed its licensing process last August and inaugural flight on September 22, 2022 and will be using the aircraft to expand its network in time for the upcoming winter travel season”

Kevin Mi, Global Head of Aviation for CCB Leasing commented “We are excited about our relationship with Canada Jetlines and the innovative offering which they are bringing to the Canadian aviation market”.

The aircraft is an Airbus A320-200, listed under the manufacturer’s serial number #5995, equipped with two CFM56-5B4/3 engines. The aircraft cabin will be configured with the new Recaro 3530 seats, in-seat usb power, and personal electronic device holder. The airline will also install the Flymingo Box system, which offers an enhanced passenger experience through its wireless inflight entertainment.

Visit Jetlines.com to learn more and book reservations and vacation packages with your preferred travel agent. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

TORONTO, ON, OCTOBER 6th, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the newest, all-Canadian, leisure airline announces a partnership with Hope Air – Canada’s only national charity providing flights, accommodations, meals, and ground transportation to those in financial need who require travel for medical care far from home. Canada Jetlines will support Hope Air operations with free flights for Hope Air’s patients, staff, and volunteers.

“As Hope Air continues to scale our mission to support Canadians with access to care, we recognize the limitations for those traveling out of rural communities. We are proud to have the commitment of Canada Jetlines from day-one of their operations and are grateful that they recognize the importance of supporting Canadians who must travel for vital medical care,” says Mark Rubinstein, Chief Hope Officer at Hope Air.

“Our team is excited to partner with Hope Air to bring vital care to those that require medical attention away from home,” shared Eddy Doyle, CEO of Canada Jetlines. “We understand the importance of community and corporate social responsibility as a national airline. Not only is it critical for us to succeed in our business by successfully serving travellers – we aim to succeed by doing “good” and exerting positive impact beyond our customer reach.”

Canada Jetlines commenced operations out of its travel hub at Toronto Pearson International Airport (YYZ) with its first scheduled route into Calgary International Airport (YYC) on September 22, 2022. The carrier has started with biweekly flights, operating Thursdays and Sundays out of Toronto (YYZ) to Calgary (YYC) from 07:55am -- EST 10:10am MST and returns from Calgary (YYC) to Toronto (YYZ) 11:40am MST – 17:20 EST. Frequency will increase to three flights per week, Thursdays through Sundays, in time for the holidays.

TORONTO, ON, SEPTEMBER 23, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline, launching this week —  is proud to elevate its travel offerings by collaborating with Clarity Travel Technology Solutions (Clarity TTS). The partnership between the innovative travel tech company and Canada’s newest leisure carrier, will provide seamless and efficient technology to travellers around the globe.

ClarityTTS, B2B SaaS platform provides travel partners with the ability to search, book, ticket, rebook, reissue, void, refund, and book ancillaries for their travelers, all through one simple platform. Along with access to a variety of content and special offers, while delivering a better experience for agencies and their customers.

“We’re excited for an enduring partnership between Clarity TTS and Canada Jetlines,” shared Duncan Bureau, Chief Commercial Officer of Canada Jetlines. “Considering the demand for rich, continuous travel content, Clarity Travel Technology Solutions provides us with the necessary resources to provide our partners with a seamless and integrated experience -- while saving travellers’ time and money.”

The founder and CEO of ClarityTTS, Thava Tharmalingam, said, "This partnership with mutual trust renders a bigger business across the North American Continent, covering multiple geo sectors and ensures the availability of competitive fares for the travel agencies. We are glad to partner with Jetlines. Any travel agency looking to expand their travel business operations can happily approach ClarityTTS to integrate with NDC airlines, GDS and LCC APIs."

ClarityTTS is the only B2B SaaS company to achieve the IATA's Airline Retailing Maturity (ARM) index as a System Provider in 2021. Clarity TTS is an IATA Certified Level 4 NDC Aggregator, with a mission to advance the travel industry with structured high performing solutions that are cost-effective.

Canada Jetlines will begin operations out of its travel hub at Toronto Pearson International Airport (YYZ), with its first scheduled route into YYC Calgary International Airport on September 22, 2022,  with biweekly flights operating Thursdays and Sundays out of Toronto (YYZ) to Calgary (YYC) from 07:55am EST  10:10am MST and returns from Calgary (YYC) to Toronto (YYZ) 11:40am MST – 17:20 EST. Frequency will increase to three flights per week, Thursdays through Sundays, starting  later in the fall.

Visit Jetlines.com to view the flight schedule and to learn more. Travellers can book reservations and vacation packages with preferred travel agents who can earn up to 10% commission on all base fares when contracted directly with the airline. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news.

TORONTO, ON, SEPTEMBER 23, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) the new, all-Canadian, leisure airline, announces that due to oversubscription it intends to increase the size of its non-brokered private placement to raise from $1,500,000 to up to $2,000,000 (the “Offering”). The Offering consists of units issued at $0.255 per unit (each a “Unit”). Each Unit consists of one common or variable voting share (each a “Share”) and one half of one warrant (each whole warrant a “Warrant”). Each Warrant entitles the holder thereof to purchase an additional Share (each a “Warrant Share”) for a period of 24 months after closing at a price of $0.40 per Warrant Share.

In order to encourage share ownership by employees of the Company, the Company will be offering all of its employees that chance to participate in the Offering with a bonus incentive. Employees that participate in the Offering with receive one additional Unit (without payment of additional consideration) for every six Units subscribed for in the Offering.

The Company intends to use the net proceeds of the Offering and the Loan for aircraft acquisition, general corporate and working capital purposes. The closing of the Offering and the Loan is subject to customary closing conditions, including the execution of definitive documentation and receipt of the approval of the Neo Exchange Inc.

Visit Jetlines.com to learn more and book reservations and vacation packages with your preferred travel agent. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline, successfully celebrated its inaugural flight event on Thursday, September 22, 2022 as the carrier’s first route. Canada Jetlines commenced operations out of its travel hub at Toronto Pearson International Airport (YYZ) with its first scheduled route into Calgary International Airport (YYC) on September 22, 2022.

The inaugural flight departed out of Toronto Pearson International Airport with key media outlets and dignitaries, including the honorable Deputy Mayor Michael Thompson, along with Canada Jetlines board of directors and members of the executive team. Once arrived at Calgary International Airport, the gate event kicked-off with speeches and a ribbon cutting followed by celebrations before departing back to Toronto.

Canada Jetlines commenced biweekly flights following the event, operating Thursdays and Sundays out of Toronto (YYZ) to Calgary (YYC) from 07:55am -- EST 10:10am MST and returns from Calgary (YYC) to Toronto (YYZ) 11:40am MST – 17:20 EST. Frequency will increase to three flights per week, Thursdays through Sundays, in time for the holidays.

“Canada Jetlines is excited to offer service on our inaugural day out of our Toronto travel hub to the vibrant destination of Calgary,” shared Eddy Doyle, CEO of Canada Jetlines. “With a focus on leisure travel, we’ve selected Calgary as our first destination for its dynamic touristic options, expansive natural splendor, and reach to a key segment of Canadians. We’re thankful to the airport and the community for their support in allowing us to take to the skies with our inaugural flight.”  

The carrier elected Calgary for its appeal as a unique destination which balances the modern and the traditional with rustic allure. With year-round touristic offerings, shopping, exploration dining, and nightlife, all a short ride from renowned national parks.

Visit Jetlines.com to view the flight schedule and to learn more. Travellers can book reservations and vacation packages with preferred travel agents who can earn up to 10% commission on all base fares when contracted directly with the airline. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news.

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About Canada Jetlines 

Canada Jetlines is a leisure focused air carrier, which will utilize a growing fleet of Airbus 320 aircraft to provide Canadians with value vacation choices and convenient travel options. Canada Jetlines will provide exciting vacation packages to iconic Canadian destinations and beyond via strong partnerships with airports, CVB’s, tourism entities, hotels, hospitality brands, and attractions. With a projected growth of 15 aircrafts by 2025, Canada Jetlines aims to offer the best-in-class operating economics, customer comfort and fly-by-wire technology, providing an elevated guest centric experience from the first touchpoint.  To learn more, please visit www.jetlines.com and follow on all social media platforms for news and updates.   

TORONTO, ON, AUGUST 26, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline will begin operations out of its travel hub at Toronto Pearson International Airport (YYZ), with its first scheduled route into YYC Calgary International Airport next month.

Set for its debut on September 22, 2022, Canada Jetlines will begin operations with biweekly flights operating Thursdays and Sundays out of Toronto (YYZ) to Calgary (YYC) from 07:55am – 10:10am MDT and returns from Calgary (YYC) to Toronto (YYZ) 11:40am – 17:20 EST. Frequency will increase to three flights per week, Thursdays through Sundays, starting October 13. This route will be the first operated by Canada Jetlines with more routes to exciting destinations to be announced soon.

“Canada Jetlines is proud to launch our initial flights between Toronto to Calgary – two vibrant Canadian cities with numerous tourist destinations including Niagara Falls, Lakes of Ontario, and the CN Tower in the East, and Banff, Kananaskis, Canmore, Lake Louise, Jasper, and the Rocky Mountains in the West,” shared Eddy Doyle, CEO of Canada Jetlines. “The two cities represent cultural diversity, economic trade, and significant investment opportunities. We are encouraged to continue expanding our reach, with the goal of serving as Toronto’s preferred airline”

“The launch of Canada Jetlines is yet another milestone marking recovery in the travel and tourism sector,” said Bob Sartor, President and CEO of The Calgary Airport Authority. “YYC is eager to welcome Canada Jetlines’ guests by showcasing the effortless and memorable experiences that reflect our region and Calgary’s legendary hospitality.” 

Visit Jetlines.com to view the flight schedule and to learn more. Travellers can book reservations and vacation packages with preferred travel agents who can earn up to 10% commission on all base fares when contracted directly with the airline. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news.

TORONTO, ON, AUGUST 22, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline, announced today that the Canadian Transportation Agency has issued Canada Jetlines airline licenses.

“Canada Jetlines is pleased to announce that it has received its Domestic, Non-scheduled international, and scheduled international service licenses from the Canadian Transportation Agency. With the Air Operator Certificate that was issued on August 18, 2022, by Transport Canada, Canada Jetlines has now completed all government requirements and obtained all certification to start operations.
 
“I am extremely proud of this achievement and the hard work completed by all the employees and the support we received for this project from Ed Wegel and his team at GlobalX, as well as all our other partners. I want to pass my appreciation for the trust our partners have put in the Canada Jetlines team,” said Eddy Doyle CEO Canada Jetlines.
 
“We will be announcing our fall schedule shortly with an updated inaugural flight date and are excited at the possibilities ahead of us to provide Canadians with a new air service,” said Duncan Bureau Chief Commercial Officer of Canada Jetlines.

“Canada Jetlines is fully staffed and ready to fly. As a start-up during the pandemic, we emphasize preparation and collaboration and are currently staffed to welcome guests to travel with us,” said Eddy Doyle, CEO of Canada Jetlines. “Part of the many benefits of beginning as a startup airline out of the pandemic is our staffing. We don't have to worry about bringing back team members, retraining, and so on. We are fully trained, with the full complement of crew and team members.”

TORONTO, ON, AUGUST 18, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline, has received its air operating certificate (AOC) from Transport Canada, granting approval to initiate operations out of its travel hub at Toronto Pearson International Airport (YYZ).

Securing the AOC confirms that Canada Jetlines has all required professional capabilities and adheres to all safety regulations needed for aircraft operations. Canada Jetlines looks forward to its inaugural flight and will be releasing new destinations and updated scheduling shortly.

“The entire team at Canada Jetlines is thrilled to obtain our AOC after meeting all necessary operation standards and passing all inspections,” shared Eddy Doyle, CEO of Canada Jetlines. “We thank Transport Canada and greatly appreciate the tireless effort and diligence they undertake to approve new airlines. We excitedly look forward to our launch date, meeting the increased demand for convenient, leisure travel in Canada and beyond and to provide more options to explore the world.”

Visit Jetlines.com to learn more and book reservations and vacation packages with your preferred travel agent. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

TORONTO, ON, AUGUST 4, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline, has announced a change to the date of inaugural flights out of Toronto Pearson International Airport (YYZ) to Winnipeg (YWG) and Moncton, New Brunswick (YQM).

The inaugural flights originally scheduled for August 15, 2022, have been tentatively rescheduled for August 29, 2022, subject to receipt of final licensing approval. Canada Jetlines is working closely with Transport Canada (“TC”) and Canadian Transportation Association, who are currently evaluating all completed documentation required for this application. The carrier looks forward to welcoming Canadian travellers before the end of the summer season.

“We’ve made the difficult decision to change our launch date as we continue to work with the regulatory authorities in Canada to secure our AOC,” shared Eddy Doyle, CEO of Canada Jetlines. “We greatly appreciate the effort and diligence that TC goes through to approve new airlines and remain optimistic throughout the process. We will continue to build strategic partnerships with destinations, travel agencies, and airports as we build out our five-year strategy.”

Canada Jetlines will be offering launch special fares available for a limited time for flights out of its travel hub at Toronto Pearson International Airport (YYZ) to domestic destinations Moncton, NB (YQM) and Winnipeg, MB (YWG). To book ticket reservations or vacation packages, visit Jetlines.com and plan with your preferred travel agent. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

Tickets are being sold pursuant to an exemption from the application of section 59 of the Canada Transportation Act. This exemption allows Canada Jetlines to sell tickets for air travel prior to issuance of its license. Canada Jetlines air service is subject to the Canadian Transportation Agency’s approval, and all prospective passengers will be informed, before a reservation is made or a ticket is issued, that the air service is subject to the Canadian Transportation Agency’s approval.

Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new all-Canadian, leisure airline, is proud to announce the Travel Industry Council of Ontario (“TICO”) has provided approval to the carrier’s subsidiary Canada Jetlines Vacations Ltd. as a travel retailer and travel wholesaler under the Travel Industry Act, 2022.

TICO is mandated by the Ontario government to administer the Ontario Travel Industry Act, 2002 and Ontario Regulation 26/05 which governs approximately 2,100 travel retailers and travel wholesalers registered in Ontario – providing Canadian travelers with confidence from their stamp of approval.

A recent survey of Ontario consumers found that 82% of respondents think it’s important that the travel agency or website they are booking with is regulated. TICO ensures all registered agencies and websites are safe, reliable, and provide customer protections and benefits.

“Canada Jetlines Vacations is thrilled to officially receive approval from the highly respected TICO organization,” stated Duncan Bureau, CCO, Canada Jetlines. “We look forward to offering our passengers the resources, and consumer protection benefits to create a safe and efficient travel experience as a TICO-registered company.

Formed in 1997, TICO is a not-for-profit corporation wholly financed by Ontario-registered travel agents and wholesalers. It administers the Travel Industry Act, 2002 and the Ontario Travel Industry Compensation Fund. Please visit TICO’s website at www.tico.ca for more information.

TORONTO, ON, DECEMBER 5, 2022 – Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) the new, all-Canadian, leisure airline, invites travel agents and tour operators to escape the Calgary cold for respite and holiday shopping in Toronto and for a special Canada Jetlines experience taking place on December 8th – kicking off at the Canada Jetlines gate at Calgary International Airport (YYC) to Toronto Pearson International Airport (YYZ). The flight experience is in celebration of the launch of the new Minhas Distillery produced Moneybag Vodka, created by rock music icon and Co-Founder of KISS, Gene Simmons.

The December 8th flight from Calgary to Toronto is open to the public for reservations, with exclusive rates locked in for travel agents who can join the roundtrip experience for $198 CA (with all taxes and fees included). The same rate is extended to one agent companion, including return flight from Toronto to Calgary on December 11.

Agents and travellers who purchase tickets for the experience will have the chance to join the launch party in Calgary with Gene Simmons and MoneyBag Vodka.

“We’re excited to offer this one-of-a-kind experience for travellers and travel agents as we celebrate the launch of MoneyBag Vodka with pop culture icon, Gene Simmons.” shared Duncan Bureau, Chief Commercial Officer of Canada Jetlines. “We look forward to a real party in the skies and at the gate in Calgary.”

Bookings for this flight can be made via Jetlines.com – for travel agent FAM bookings, please contact the Canada Jetlines call centre at 1-866-320-8687 or email tasales@jetlines.ca