TORONTO--(BUSINESS WIRE)--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.
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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 details of contract including its duration and the frequency of flights, future charter and ACMI flights and business of Canada 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.