Commercial Credit Report for Canada Jetlines Operations Ltd

CreditRiskMonitor is a financial risk analysis and news service for credit, supply chain and financial professionals. Our strength in coverage spans 58,000 global public companies, totaling about $70 trillion in corporate revenue. We also offer solutions that can help ease private company financial risk assessment. Leading corporations around the world – including more than 35% of the Fortune 1000, plus thousands more worldwide – rely on us to help them stay ahead of financial risk quickly, accurately and cost-effectively.

A partial report preview for Canada Jetlines Operations Ltd is shown below. Where indicated by "Yes," CreditRiskMonitor contains this information in its extensive database. To get access to the full report and learn more about CreditRiskMonitor's robust financial risk analysis and timely news service, request a personalized demo and free trial today.

If you are already a subscriber and want to access the full report, click here.

	Canada Jetlines Operations Ltd
Suite 2400, 1055 West Georgia Street
Phone: (604) 562-8690p:604 562-8690	VANCOUVER, BC V6E 3P3 Canada	Ticker: CJETCJET

Filed for Bankruptcy on 9/11/2024
On 8/15/2024, Canada Jetlines Operations Ltd. filed a Notice of Intention to Make a Proposal pursuant to the Bankruptcy and Insolvency Act BDO Canada Limited has been appointed as proposal trustee on behalf of the Company and will assist the Company in its restructuring efforts On 9/11/2024, Canada Jetlines Operations Ltd. filed an Assignment in Bankruptcy after finding that it would be unable to secure financing to continue with its Proposal under the Bankruptcy and Insolvency Act. BDO Canada Limited is now the Trustee of the bankrupt estate.

Business Summary

Canada Jetlines Operations Ltd. is a Canada-based leisure-focused air carrier. The Company's principal business activities included operating a value-focused leisure airline and providing Canadians with an option when flying to domestic, United States or Caribbean destinations. The Company uses its fleet to provide corporate customers and brokers charter services and aircraft, crew, maintenance and insurance (ACMI). It is a tour operator with flights into sun destinations in the United States, Mexico and the Caribbean. It operates through the development of a Canadian leisure and charter airline segment. It provides vacation packages to Canadian destinations and beyond through partnerships with airports, CVBs, tourism entities, hotels, hospitality brands, and attractions. It focuses on offering the operating economy, customer comfort and fly-by-wire technology, providing a guest centric experience. Canada Jetlines Vacations Ltd. (Jetlines Vacations) is its wholly owned subsidiary.

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
-	Yes	-	Yes	-	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
3/31/2024	12/31/2023	Yes	-	-	-	-

Industries

SIC Code	Description
4512	Air transportation, scheduled

General Information

Number of Employees:	130	(As of 12/31/2023)
Outstanding Shares:	158,462,978	(As of 8/9/2024)
Stock Exchange:	NLB
Fax Number:	(604) 273-5399

SITE MAP | ABOUT US | DIRECTORY | STOCK QUOTE: CRMZ | SIGN IN