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Toronto, Ontario--(Newsfile Corp. - October 12, 2021) - Canada Jetlines Operations Ltd. (the "Company" or "Jetlines") is pleased to announce that the Neo Exchange Inc. ("NEO Exchange") has granted final
Global Crossing Airlines Group Inc.: Canada Jetlines Hires Brad Warren as Vice President of Maintenance TSXV: JET) Company" or " GlobalX") is pleased to announce the hiring of Brad Warren as Vice President of Maintenance for its subsidiary Canada Jetlines Operations Ltd. ( "Jetlines"). Brad will be the Person Responsible for Maintenance (PRM), a key Transport Canada approved post, leading the development of the maintenance department through the certification process. Brad has more than 25 years of maintenance experience, most recently serving as Managing Director at Air Canada accountable fo...
The transaction will be carried out by way of statutory plan of arrangement pursuant to the Canada Business Corporations Act (“CBCA”). Under the terms of the Transaction, GlobalX will distribute 75% of the shares of Jetlines to GlobalX’s shareholders as of the Record Date and retain a 25% interest in Jetlines. Each shareholder of GlobalX as of the Record Date will receive one share of Jetlines for every two shares of GlobalX held on the Record Date. Jetlines intends to operate as a Canadian charter airline once applicable regulatory approvals are in place and the Transaction is essenti...