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Global Crossing Airlines Provides Details on Spin-Out of Canada | The Kingston Whig Standard

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 essential to achieve compliance with foreign ownership and control restrictions applicable to Canadian airlines. ....

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Global Crossing Airlines Group Inc.: Global Crossing Airlines Provides Details on Spin-Out of Canada Jetlines

Global Crossing Airlines Group Inc.: Global Crossing Airlines Provides Details on Spin-Out of Canada Jetlines
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Frontier Lodging finds in-house solutions to workplace accommodations

Article content
Reflecting on the harsh effects of the pandemic on the travel industry, it was a timely decision of David Kruschell and his business partner Richard Gardner to sell their successful Uniglobe Travel operation in 2018.
At the time they were approached to sell by Direct Travel out of Denver, Colo., it had been built up to $300 million in annual sales with offices in Alberta, Saskatchewan, Manitoba and B.C., and was for three years the largest Uniglobe call centre worldwide.
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Frontier Lodging finds in-house solutions to workplace accommodations Back to video ....

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