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9 hours ago, JL said:

Swoop gone by the new year?

I doubt it... this is exactly why it was created. To have a pre-existing threat to anyone looking to bring new $$$ to the ULCC-ish market in Canada (and to chase Flair around).

The result of a lesson learned in the mid 2000s when JetsGo wasn’t heeded until they were big enough that it took multiple years of over capacity (and everything that comes with that) before they ceased operations. 

Proactive vs Reactive

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12 hours ago, internet said:

Canada Jetlines postpones launch over financing challenges, lays off staff http://dlvr.it/RH8Nmp @GlobeBusiness

That's too bad.  I was hoping they'd get up and running, last 6 months and then strand 10-15,000 passengers all around the continent before going bankrupt.  A good opportunity to educate the public, the media and the investors lost.  ? 

I guess this means the investors have already been educated.

Edited by seeker
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  • 4 weeks later...

Jetlines Commences Legal Proceedings Against WestJet Co-Founder David Neeleman and Affiliates

Provided by Canada Jetlines Ltd/Globe Newswire

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VANCOUVER, British Columbia, Nov. 22, 2019 (GLOBE NEWSWIRE) — Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”) announces that the Company has commenced legal proceedings in the United States District Court (District of Connecticut) against David Neeleman, DGN Corporation and Breeze Aviation Group, Inc. for tortious interference with business expectancy and violation of the Connecticut Unfair Trade Practices Act.  The case is No. 3:19-cv-01850.

The Complaint and any subsequent filings in the case will be available for public viewing on the US federal courts’ PACER system, usually within 24 hours of their docketing. The system can be accessed here: https://pcl.uscourts.gov/pcl/index.jsf. A copy of the Complaint is also available at https://jetlines.com/_resources/Complaint-Action-no-01850.pdf. Jetlines will make further announcements on the case in due course.

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Wow...the last link in the above post is really worth taking  the time  to read  the entire thing...............

 

 Para 42......Here, FYI ,is someone we all know...?

 

42. In June 2018 it was reported in the airline press that Neeleman had, along with others including Robert Milton, Michael Lazarus and Henri Coupron, formed a company to launch a new low-cost airline. The company is Breeze Aviation Group, a defendant herein, and the airline’s tentative working name is Moxy. Moxy was reported to have raised initial funding of $100 million USD, and to have purchased 60 new Airbus A220 aircraft for delivery beginning in 2020, to provide nonstop service to secondary airports located near major metropolitan areas, such as Providence (Rhode Island) near Boston, Stewart Airport north of New York City, and Gary (Indiana) near Chicago. In an article published in October 2018, Neeleman was quoted as claiming that the new airline will eventually fly hundreds of routes within the US and from the US to Europe and South America.

Edited by Kip Powick
speling
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4 hours ago, Kip Powick said:

Wow...the last link in the above post is really worth taking  the time  to read  the entire thing...............

Obviously it doesn't include any statements of defense, but those are pretty damning arguments.

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  • 5 months later...

Global Crossing Airlines and Canada Jetlines Ltd. Announce CAD100 Million Equity Investment Agreement with The Global Emerging Markets

From Canada Jetlines Ltd

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May 6, 2020 – VANCOUVER, BRITISH COLUMBIA, Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”) is pleased to announce that further to the news release by the Company on December 13, 2019 and February 6, 2020, the Company has scheduled a Special Meeting of shareholders (the “Meeting”) to approve the business combination (the “Transaction”) of Jetlines and Global Crossing Airlines, Inc. (“GLOBALX”). The Meeting is scheduled for May 27, 2020 at 10:00 a.m. (PDT). The Company also confirms that it has received conditional approval for the Transaction from the TSX Venture Exchange. A copy of the Notice of Meeting, Information Circular, Proxy and Voting Instruction form (collectively, the “Meeting Materials”) are available on the Company’s SEDAR profile at http://www.sedar.com.

It is the intention of the Company to hold the Meeting at the location stated in this Notice of Meeting. However, due restrictions and recommendations regarding public meetings and social distancing measures as a result of COVID‐19, shareholders and other guests are strongly encouraged not to attend in person at the Meeting. Given concerns regarding COVID‐19 and to mitigate risks to the health and safety of our communities, the Company encourages shareholders to vote in advance of the Meeting and reminds them that proxy voting instructions are included in the notice of Meeting, management information circular and proxy statements provided to them in connection with the Meeting (collectively, the “Meeting Materials”). Completed registered shareholder proxies can be mailed ahead of time, as usual to the Company’s transfer agent, Computershare Investor Services Inc. at 9th Floor, 100 University Avenue, Toronto, Ontario M5J 2Y1, by telephone at 1‐866‐964‐0492 or online at http://www.investorvote.com for tabulation in advance of the Meeting.

The Company reserves the right to take any additional pre-cautionary measures deemed to be appropriate, necessary or advisable in relation to the Meeting in response to further developments in the COVID-19 outbreak, including: (i) holding the Meeting virtually or by providing a webcast of the Meeting; (ii) hosting the Meeting solely by means of remote communication; (iii) changing the Meeting date and/or changing the means of holding the Meeting; (iv) denying access to persons who exhibit cold or flu-like symptoms, or who have, or have been in close contact with someone who has, travelled to/from outside of Canada within the 14 days immediately prior to the Meeting; and (v) such other measures as may be recommended by public health authorities in connection with gatherings of persons such as the Meeting. Should any such changes to the Meeting format occur, the Company will announce any and all of these changes by way of news release, which will be filed under the Company’s profile on SEDAR.

Additional information as required will be provided by way of a subsequent news release. Trading in the common shares of the Company on the Exchange will remain halted until such time as the requirements of the Exchange are met.

Completion of the Transaction is subject to a number of conditions, including Exchange acceptance and disinterested shareholder approval. The transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Jetlines should be considered highly speculative.

The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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  • 4 months later...

Global Crossing Announces Plans for Spin-Out of Canada Jetlines Operations

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MIAMI, FLORIDA, September 8, 2020 – Global Crossing Airlines Inc. (TSXV: JET) (OTC Pink: JETMF) (the “Company” or “GlobalX“) is pleased to announce its intention to spin-out its 100% owned Canada Jetlines Operations Ltd. subsidiary to an existing shell company and renaming it Canada Jetlines Vacations (“CJV”). Subject to concluding satisfactory terms, GlobalX intends to provide CJV with aircraft and crews to fly Vacation charters to Florida, Atlantic City and the Caribbean. GlobalX will retain a controlling interest in CJV and is evaluating distributing this residual ownership interest in CJV to its shareholders on a pro-rata basis.”We believe Canadians seek more alternatives when it comes to airlines and vacation providers,” stated Ed Wegel, Chairman and CEO of Global X. “We believe by creating a stand-alone public company committed to serving the Canadian market represents a unique opportunity and will ultimately bring to fruition the long term vision of our original Canada Jetlines shareholders to provide choice to Canadians when it comes to vacation and air travel.”Mr. Wegel added “we have identified funding sources to complete the proposed transaction, subject to completion of a public listing of Canada Jetlines Vacations and other customary conditions”.The completion of this transaction would not affect in any way the current shareholdings of shareholders in Global Crossing Airlines Inc. The completion of this transaction and distribution of any securities to shareholders in the new proposed company is subject to a number of conditions including the completion of legal and tax structuring analysis, identification of a suitable shell company, completion of financing and receipt of required regulatory approvals. There is no certainty the transaction will be completed on the terms proposed or at all. Further details will be provided in subsequent news releases.

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G

GLOBAL CROSSING AIRLINES SIGNS JOINT VENTURE AGREEMENT WITH LEADING GROUND AND PASSENGER HANDLING COMPANY
September 14, 2020

(JET: TSX-V)
(JETMF: OTC)

MIAMI, FLORIDA, Sept. 14, 2020, 2020 – Global Crossing Airlines Inc. (JET: TSX-V) (the “Company” or “GlobalX”) has signed a Joint Venture Agreement (the “JV”) with Global Aviation Services, Inc. of Toronto, Ontario, Canada (“GAS”), a leading supplier of aircraft ground and passenger handling capabilities with over 45 airline clients and operating at airports in both Canada and the United States.

The JV will launch GlobalX Ground Team™, which will initially provide all of the ground and passenger handling requirements for GlobalX Airlines at airports in the US (including Miami, Ft. Lauderdale and Atlantic City), and internationally (including Toronto, Montreal and Nassau, Bahamas) and will provide expansion to other airports as GlobalX prepares for its launch as a Airbus A320 charter airline. Each of GlobalX and GAS will hold a 50% interest in the JV. No shares of GlobalX are being issued in connection with this transaction.

Ed Wegel, Chairman of GlobalX, stated “We are very pleased to be working with GAS to create this JV. It will allow us to establish Ground Team™ to not only handle GlobalX requirements but eventually other airlines as well.”

Added Juan Nunez, VP-Operations for GlobalX, “This JV with GAS will allow us to better control and fully integrate the handling of our aircraft, above and below wing, to ensure the highest standards for passenger and ramp handling are met and exceeded, and increase our efficiency and reduce our costs.”

Carm Borg, Founder and Chairman of the Board of GAS, said "We are very excited about this new partnership for ground handling with GlobalX and we are excited to welcome them to our growing list of airlines and to our Global Family. The potential for GAS to expand our footprint with GlobalX is great, and we look forward to contributing to the success of this new venture."

Colin Saunders, Chief Executive Officer of GAS added "We are thrilled about this new venture with GlobalX. We are positioned well to provide great service for GlobalX passengers and we are eager to get started! We look forward to showcasing our "ABOVE and BEYOND" values with our new airline partners."

 

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