Jetlines launch delayed

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Air.Field
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Jetlines launch delayed

#1 Post by Air.Field » Wed Mar 14, 2018 8:33 am

https://www.skiesmag.com/press-releases ... te-update/
Can't say I'm surprised, they been struggling since the beginning to get off the ground. If they can't do it in this environment, they won't last long.
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telex
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Re: Jetlines launch delayed

#2 Post by telex » Wed Mar 14, 2018 9:08 am

World class talent indeed. Oops! Missed the start date. AGAIN!

"Jetlines assembled a world-class aviation board of directors with experience from some of the world’s best ultra-low-cost carriers (ULCCs), including Wizz Air, easyJet and Spirit among others;"
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sanjet
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Re: Jetlines launch delayed

#3 Post by sanjet » Wed Mar 14, 2018 9:23 am

I remember them saying they would thrive if foreign investments were allowed, funny still no takers even after the government increased the foreign ownership limit... :roll:
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telex
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Re: Jetlines launch delayed

#4 Post by telex » Wed Mar 14, 2018 10:13 am

Not their world class management squad to blame. Just the aircraft lessors.

"All of these factors have led to increased demand and decreased supply of used aircraft available for lease. Jetlines previously secured aircraft under an LOI; however, the lessor was unable to provide a definitive delivery date."
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Re: Jetlines launch delayed

#5 Post by rookiepilot » Wed Mar 14, 2018 1:00 pm

sanjet wrote:
Wed Mar 14, 2018 9:23 am
I remember them saying they would thrive if foreign investments were allowed, funny still no takers even after the government increased the foreign ownership limit... :roll:
Why is there ANY foreign ownership limits? In airlines, telecommunications, or anything else?

Canada is bleating about protectionism in the USA?

Take a good look in the mirror.

Canada is one of THE worst in that regard worldwide.
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Mach1
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Re: Jetlines launch delayed

#6 Post by Mach1 » Thu Mar 15, 2018 4:26 pm

Because those very same ownership limits exist in every other country in the free world. So.. if we drop all of our ownership limits we get bought out by foreign buyers with big wallets, but we are not able to buy out any of those industries in their countries. So... level playing field at the moment.
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Realitychex
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Re: Jetlines launch delayed

#7 Post by Realitychex » Sun Mar 18, 2018 12:40 pm

I guess this was more Jetballs BS:

https://www.flightglobal.com/news/artic ... 0s-440925/

Last I checked, lessors rarely leased assets to ventures / individuals with no visible means of being able to pay for them.

Put it another way.

If Jetballs had the $75m in the bank they need to launch, (and keep in mind Roots Air blew through almost $35m in start up costs and about 33 days of flight ops before failing), lessors would have aircraft available for them.

No ticky, no laundry.

If you have the cash in the bank, which Jetballs doesn't, here's a few places to look for a few 737-800's.....

http://www.myairlease.com/available/ava ... _lease_737

8)
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Re: Jetlines launch delayed

#8 Post by Victory » Sun Mar 18, 2018 12:48 pm

What is Jetballs?
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telex
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Re: Jetlines launch delayed

#9 Post by telex » Sun Mar 18, 2018 7:13 pm

Victory wrote:
Sun Mar 18, 2018 12:48 pm
What is Jetballs?
Image
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dialdriver
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Re: Jetlines launch delayed

#10 Post by dialdriver » Sun Mar 18, 2018 7:48 pm

Victory wrote:
Sun Mar 18, 2018 12:48 pm
What is Jetballs?
It's this:

https://www.urbandictionary.com/define. ... %20hominem
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mantogasrsrwy
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Re: Jetlines launch delayed

#11 Post by mantogasrsrwy » Mon Mar 19, 2018 7:10 am

dialdriver wrote:
Sun Mar 18, 2018 7:48 pm
Victory wrote:
Sun Mar 18, 2018 12:48 pm
What is Jetballs?
It's this:

https://www.urbandictionary.com/define. ... %20hominem

I guess you didn't read past Jetballs because it seems to me he used logic and intelligence in his argument.
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Re: Jetlines launch delayed

#12 Post by Dry Guy » Mon Mar 19, 2018 3:09 pm

Why would you read past anyone being that petty. It discredits everything else they say.
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Re: Jetlines launch delayed

#13 Post by boeingboy » Tue Mar 20, 2018 4:39 pm

I've always said that the ULCC model will never work in this country.

Jetlines has been a farce since day one. Realitychex is absolutely right - they don't have any money and never did have any money. They did sign a LOI for 2 planes, but they have done that a few times. Big deal......anybody can sign an LOI - but when it comes to pony up the dough - that's when you find out if it's all smoke and mirrors or not.
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Re: Jetlines launch delayed

#14 Post by Realitychex » Thu Mar 22, 2018 8:50 am

Jetlines, (known as Jetballs to industry insiders, probably more a play on the term “jackballs”, than any reference to anatomy), is a publicly traded company.

As a result, the Canadian Securities regulator requires Jetlines, who’s penny stock trades as JET, to disclose all material news and transactions that could influence the stock price in a timely fashion. These disclosures are all available on SEDAR.com free of charge.

Until you see some sort of reference in SEDAR to Jetlines successful completion of some sort of financing that raised c$50mm, and probably more like c$75mm, the venture remains 100% pie in the sky, as has been the case since late 2013.

Any other claims made by the company without having the requisite finances in place, as required by the CTA, are simply unmitigated nonsense not to mention further evidence of the lack of credibility of those continuing to promote the venture.

The fact that the media continues to buy into this fairy tale, in the face of the above indicates how pointless it is to believe much of anything the media prints these days.

Five minutes reviewing JET’s SEDAR file is all the research required by “journalists” to recognize Jetlines claims are false and patently absurd.

8)
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Re: Jetlines launch delayed

#15 Post by gasper » Sun Apr 01, 2018 7:15 pm

One of the dumbest, misinformed posters on this forum.
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Realitychex
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Re: Jetlines launch delayed

#16 Post by Realitychex » Sat Apr 07, 2018 4:13 pm

According to the securities regulator, as of April 6 2018, Jetlines has yet to issue its 4th quarter financial results.

No financial information has been provided since the 3Q MD&A was published on SEDAR on Nov 28th 2017, for the quarter ended Sept 30 2017.

The only information since then have been 6 press releases, the most recent one issued on March 13th to advise the world that they had yet to lease any aircraft, largely because they had no capital with which to do so.

8)
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