TORONTO – Canada Jetlines is grounding all flights and says it is temporarily ceasing airline operations, effective immediately.
The airline says it has been unable to find the financing needed to keep flying and plans to file for creditor protection.
The company says passengers with existing bookings should contact their credit card company to secure refunds.
The shutdown follows the resignation of four executives on Monday, including CEO Brigitte Goersch.
It marks yet another airline departure from Canadian skies after the closure of Lynx Air and budget carrier Swoop within the past year.
Shares of the company on the NEO Exchange were halted late yesterday afternoon.
This report by The Canadian Press was first published Aug. 15, 2024.
