RE:Could Jetlines be experiencing a licensing snag?Twotooo wrote: So Feb 8th the COB of Jetlines tweets operarting license coming "soon"..... well 31 days have passed since that tweet.Then Feb 17th Calgary Hearld reports saying launch will be late summer or early fall (was supposed to be June 1st, and June 1 isnt late summer or early fall)......So the question is as Jetlines has yet to received its license to operate in Canada..has there been a snag???
https://www.travelweek.ca/news/part-2-can-canadian-market-support-many-new-ulccs-2018/
Canadian Transport Agency has told the airline it needs at least $40 million in start-up funding. The CTA also requires a new carrier to prove it can operate for 90 days without producing any income.
Certainly $40 million in start-up capital sounds like a lot of money … but is it? Airlines are notoriously expensive to operate. While aircraft lease rates fluctuate (similar to auto lease rates) and depend on how much you put down and the length of the lease, a reasonable ballpark figure for a B737-800 is US$500,000 per month.
So Jetlines will potentially lose $2 million just on aircraft leases from April until June during the licensing period. And if they have licensing snags and planes sit for another couple of months, you can see how money is potentially flying out the door. Then you have staffing and training costs and very quickly $40 million can disappear.
Actually you are not the first person who mentioned this, I heard this a few days ago. Could be some procedure/paperwork thing they are missing, so it may be delayed.
Eventually they will get it, better late than never.