Canada Jetlines Ltd. “Jetlines”, has taken all reasonable care in producing and publishing information contained on this website, and will endeavour to do so regularly. Material on this site may still contain technical or other inaccuracies, omissions, or typographical errors, for which Jetlines assumes no responsibility. Jetlines does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Jetlines be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer or other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material on this site. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express permission. The TSX Venture Exchange has not reviewed the information on this website and does not accept responsibility for the adequacy or accuracy of it.
JETLINES DOES NOT WARRANT THAT THIS WEBSITE WILL OPERATE ERROR-FREE OR THAT IT AND ITS SERVER OR SERVERS ARE OR WILL BE FREE OF COMPUTER VIRUSES, TROJAN HORSES, OR OTHER HARMFUL CONTENT, DEVICES OR PROGRAMS. THIS WEBSITE AND ITS CONTENT AND MATERIAL, AND ACCESS TO THE DATA, ARE ALL PROVIDED ON AN “AS IS, WHERE IS”, AND “AS AND WHEN AVAILABLE” BASIS WITHOUT ANY REPRESENTATIONS, GUARANTEES, CONDITIONS OR WARRANTIES OF ANY KIND. TO THE FULLEST EXTENT PERMITTED BY THE LAW, JETLINES DISCLAIMS ANY AND ALL CONDITIONS AND WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING THE CONDITION OR WARRANTY OF MERCHANTABILITY AND THE CONDITION OR WARRANTY OF FITNESS FOR ANY PARTICULAR PURPOSE. JETLINES MAKES NO WARRANTY OR REPRESENTATION OF NON-INFRINGEMENT. JETLINES FURTHER MAKES NO WARRANTIES OR REPRESENTATIONS CONCERNING THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE DATA ACCESSED BY USE OF THE WEBSITE.
Certain statements contained in this website constitute forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to future events or Canada Jetlines’ (“Jetlines”) future performance. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Jetlines believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this website should not be unduly relied upon. These forward-looking statements speak only as of the date of this website or as of the date specified in the documents incorporated by reference into this website, as the case may be.
In particular, this website contains forward-looking statements pertaining, but not limited to: expectations as to future operations of Jetlines and the timing and receipt of all regulatory approvals required or desirable for operations by Jetlines; the expected operations and performance of Jetlines’ business as compared to the Peer ULCCs (as defined herein), the MCDAs (as defined herein) and the Major Legacy Carriers (as defined herein); Jetlines’ business model and strategy, the criteria to be considered in connection therewith and the benefits to be derived therefrom, including the anticipated desire for ULCC (as defined herein) in Canada; desirability of operating aircraft on routes that are currently un-served or under-served and the pricing of airfares on such routes; anticipated competitive response from the MCDAs as well as potential new market entrants which may compete with Jetlines; impact of governmental regulation; anticipated Base Airfare and ancillary revenues; expected operating costs, general administrative costs, costs of services and other costs and expenses; the anticipated increase in the size of the airline passenger market in Canada; ability to generate revenue from ancillary products and services; ability to operate at a lower CASM than the MCDAs and offer lower base airfares than existing airlines operating in Canada; ability to meet current and future obligations; treatment under governmental regulatory regimes; and ability to obtain equipment, services and supplies in a timely manner, including the ability to lease or purchase aircraft.
With respect to forward-looking statements contained in this website, Jetlines has made assumptions regarding, among other thing: the accuracy, reliability and applicability of the Jetlines business model; the timely receipt of governmental approvals, including the receipt of approval from regulators in Canada, the United States, Mexico and other jurisdictions where Jetlines may operate; the timely commencement of operations by Jetlines and the success of such operations; the ability of Jetlines to implement its business plan as intended; the legislative and regulatory environments of the jurisdictions where the Jetlines will carry on business or have operations; the impact of competition and the competitive response to the Jetlines’ business strategy; and the availability of aircraft. Jetlines has included the above summary of assumptions and risks related to forward-looking statements provided in this website in order to provide investors with a more complete perspective on Jetlines’ current and future operations and such information may not be appropriate for other purposes.
Readers are cautioned that the foregoing lists of factors are not exhaustive and it would be unreasonable to rely on any such forward-looking statements and information as creating any legal rights, that the statements and information are not guarantees and may involve known and unknown risks and uncertainties, and that actual results may differ (and may differ materially) and objectives and strategies may differ or change from those expressed or implied in the forward-looking statements or information as a result of various factors. The forward-looking statements contained in this website are expressly qualified by this cautionary statement. Except as required by applicable securities laws, Jetlines is not under any duty and do not undertake any obligation to publicly update or revise any forward-looking statements after the date of this website or to conform such statements to actual results or to changes in Jetlines’ as applicable, expectations and Jetlines disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
Information is provided in this website comparing Jetlines’ proposed business model to the average of six ULCCs currently operating in the United States (Allegiant Travel Company, and Spirit Airlines, Inc., Mexico (Controladora Vuela Compañía de Aviación, S.A.B. de C.V.), Asia (AirAsia Berhad) and Europe (easyJet plc) and Ryanair Holdings plc), (collectively, the “Peer ULCCs”). The term ULCC may include airlines that are described as low-cost airlines, discount airlines, and no-frills airlines in their local jurisdictions. These airlines are selected as part of the Peer ULCCs as they offer significantly lower airfares in their respective markets, generate passenger demand by market stimulation and receive a significant portion of revenues from ancillary revenue. The Peer ULCCs have been included in this website based on Jetlines management’s belief of the similarity of the business of the Peer ULCCs to the proposed business model of Jetlines. Further comparables in this website are based on the MCDAs and “Major Legacy Carriers” compared to the Peer ULCCs. Comparables such as number of aircraft, average stage length, ASM per aircraft, load factor, ancillary revenue, RASM, CASM, EBITDA per aircraft and EBITDA margin were chosen as they represent what management of Jetlines believes are fundamental metrics for ULCC airlines. Such information was obtained from public sources and has not been verified by Jetlines.
All of the individual comparables presented herein are speculative and have inherent risks that are associated with each Peer ULCC, Major Legacy Carrier, or MCDA including, but not limited to, operations, cost inflation, fleet, employee/management, financing risk, government taxes and fees, airport charges, airport incentives, fuel costs, cost of labour, navigation charges, government regulations and currency exchange rates, which can impact the comparable metrics presented. Factors specific to the operations and financial position of each of the Peer ULCCs may not in all respects necessarily be consistent with or appropriate for an ULCC operating in Canada. Of note, the Peer ULCCs include airlines that may have significant cost advantages over Jetlines and their costs may not be achievable in Canada. The Peer ULCC group is meant to demonstrate the overall difference to legacy airlines in approach to gaining market share and operating in a low ticket price environment with emphasis on ancillary revenue. Investment decisions should not be based solely on the comparables provided in this website due to the inherent risks described herein. The historic information presented with respect to Peer ULCCs, Major Legacy Carriers and MCDAs are not indicative of future performance of results. If any of the comparables herein contain a misrepresentation, an investor does not have a remedy under applicable securities legislation.
Third Party Links
Jetlines has provided links from this website to several other websites which are arms-length to the Company. The viewer should be aware that in linking to these outside websites, he or she is leaving the Jetlines website and that Jetlines is not responsible for the content of any other site.
Copyright and Trademark Notice
All contents of the Jetlines website are: Copyright © Canada Jetlines Ltd. *Canada Jetlines, *Jetlines, *Flying Your Way and the Jetlines corporate logo are trademarks of Canada Jetlines Ltd. Other trade-marks of third parties on the website are the property of such parties, used with permission. All rights are expressly reserved.
A. Statement of Purpose
Privacy of personal information is an important principle to Canada Jetlines Ltd. (“Jetlines” or the “Company”). Jetlines is committed to collecting, using and disclosing personal information responsibly and only to the extent necessary.
Jetlines does not sell, rent or share your personal information. Jetlines will not disclose your personal information except when:
• authorized by you;
• required by law;
• permitted by law (e.g. medical emergency);
• the information is already publicly known; or
B. What is Personal Information?
Personal information is information about an identifiable individual, and includes information that relates to an individual’s personal characteristics (e.g., gender, age, income, home address, phone number, and family status). Personal information is different from business information (e.g., an individual’s business address and telephone number). Business information is not protected by privacy legislation.
C. Who we are
Jetlines includes its controlled subsidiaries. Jetlines uses a number of consultants and agencies that may, in the course of their duties, have limited access to the personal information that Jetlines holds. Their access to any personal information that Jetlines holds is restricted as much as is reasonably possible. Jetlines also has their assurance that they follow appropriate privacy principles.
D. Why Jetlines Collects Personal Information
Jetlines collects personal information primarily to communicate with our stakeholders, potential stakeholders and others that might be interested in Jetlines and to improve communications to them. Information about our employees, contractors and suppliers is also collected for statutory and administrative purposes.
F. Protecting Personal Information
Jetlines understands the importance of protecting your personal information and accordingly takes the following precautions:
• Paper information is either under supervision or secured in a locked or restricted area.
• Electronic hardware is either under supervision or secured in a locked or restricted area at all times. In addition, passwords are used on computers.
• Electronic information is transmitted either through a direct line or has identifiers removed or is encrypted.
G. Retention and Destruction of Personal Information
Jetlines needs to retain your personal information for some time to ensure that any questions you might have about the services provided can be answered, and for accountability to external regulatory bodies. Contact directories are difficult to systematically destroy, and on your request your contact information will be removed to the extent possible.
Jetlines destroys paper files containing personal information by shredding them. Electronic information is destroyed by deleting it and, when the hardware is discarded Jetlines ensures that the hard drive is physically destroyed or electronically wiped.
H. You can look at your information
With few exceptions, you have the right to see what personal information of yours that Jetlines holds. If the Jetlines representative does not know you, it will be necessary for you to confirm your identity before Jetlines can provide you access to your personal information.
Access to your personal information can be denied if:
• denial is required or authorized by law;
• granting access would have an unreasonable impact on other people’s privacy;
• necessary to protect Jetlines’ rights and property; or
• the request is frivolous or vexatious.
You may be requested to put your access request or problems in writing. You will then be advised in writing if Jetlines cannot grant you access to your personal information.
If you believe there is a mistake in your personal information, you have the right to ask for it to be corrected. This applies to factual information only. Jetlines may ask you to provide documentation that our files are wrong. Where Jetlines agrees that a mistake was made, Jetlines will make the correction and, where appropriate, notify anyone to whom this information was sent. If Jetlines disagrees that a mistake was made, a brief statement from you on the point will be included in our file and, as appropriate, Jetlines will forward that statement to anyone else who received the earlier information.
I. Do you have a concern
Our Corporate Secretary can be reached at
Canada Jetlines Ltd
Suite 1240 – 1140 West Pender Street
Tel: (604) 681-8030
and will address any questions or concerns you might have.
If you wish to make a formal complaint about our privacy practices, you may make it in writing to our Corporate Security. That individual will acknowledge receipt of your complaint; ensure that it is investigated promptly, and that you are provided with a formal written decision and the related reasons.
J. Normal Jetlines Website Usage
K. Jetlines’ Mailing List
Subscribers to our mailing list can remove themselves from the list, by using the unsubscribe function at the bottom of any email.
L. Electronic mail sent to Jetlines that contains Personal Information
Visitors to our web site may decide to send Jetlines individually identifiable information, for example, in a message containing comments and/or suggestions about our web site, requests for information or to request addition to our marketing lists. Jetlines will only use this individually identifiable information to identify the visitor. Jetlines will not use this information other than to resolve the matter identified in the e-mail.
M. Spam-Free Privacy
Jetlines will not reveal, sell or rent your e-mail address to third parties. Jetlines will not send you unsolicited e-mails. Jetlines only collects and holds your e-mail address and additional information in order to send you the material you have requested. You can opt-out at any time for any reason.
N. Links to Other Company Sites
O. Updating this Policy