VANCOUVER, British Columbia, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Canada Jetlines Ltd. (JET:
TSX-V) (the “Company” or “Jetlines”) is pleased to announce the appointment of Mr. Jordi
Porcel as Chief Sales, Marketing, and Customer Experience Officer.
CEO Javier Suarez commented, “I am thrilled to welcome Jordi to the Jetlines team as we build out our commercial
department. Jordi’s extensive experience working for fast-growing low-cost carriers, as well as his vocation to design and deliver
the best customer experience, is fantastic news for Jetlines.”
Javier Suarez and Mr. Porcel worked together at Vueling from 2012 and 2014. Mr. Porcel was then Vueling’s Chief
Sales Officer. Together, they helped Vueling expand rapidly and profitably in Europe going through the global financial crisis. Mr.
Porcel was responsible for all non-direct sales, accounting for 57% of Vueling’s revenue totalling approximately €700 million.
During his tenure, Mr. Porcel led the study, design and initial work on a new platform to manage group booking requests for the
airline, including tour operators and charter business. In addition, he streamlined processes between key commercial departments
for more efficient and cost-effective day-to-day operations.
More recently, reporting to the Chief Executive Officer, Mr. Porcel was the head of Europe at Air Arabia, a fast
growing and profitable low-cost carrier. Mr. Porcel was responsible for implementing the Company’s strategic sales, marketing and
communication initiatives in Europe. During his tenure, Mr. Porcel helped grow the European business by 26%. Prior to his role at
Air Arabia, Mr. Porcel was the General Manager of Spain at Etihad Airways from 2014 to 2016. He was responsible for initiating
Etihad’s operations in Spain and accountable for managing all commercial activities in the new region. From 1988 to 2011, Mr. Jordi
Porcel worked at British Airways where he held progressively senior positions, ultimately holding the position of Regional
Commercial Manager for Spain, Portugal, and Latin America leading the integration of the Commercial teams with Iberia, after the
merge of the two companies under the IAG Holding.
Mr. Porcel holds an AMP (Advanced Management Program) from IESE Business School – Universidad de Navarra in
Barcelona, an Executive MBA from IE Instituto de Empresa in Madrid, a BA from WITS University in Johannesburg, and a Commercial and
Marketing degree from ESEM School in Madrid. He also studied at the IBM Business School in London.
In connection with his appointment, Mr. Porcel will be granted 250,000 Restricted Share Units (“RSUs”). The RSUs
vest over a three-year period from the date of grant, with one third vesting at the end of each year during the three-year
period.
About Canada Jetlines Ltd.
Canada Jetlines is set to become Canada’s first true Ultra-Low Cost Carrier (ULCC) airline, with plans to
operate flights across Canada and provide non-stop service from Canada to the United States, Mexico and the Caribbean. The Company
plans to commence operations with the Airbus A320 fleet, the most widely used aircraft for ultra-low cost carriers worldwide.
Jetlines is led by a board and management team with extensive experience and expertise in low-cost airlines, start-ups and capital
markets. The Company was granted an unprecedented exemption from the Government of Canada that will permit it to conduct domestic
air services while having up to 49% foreign voting interests.
For more information on Jetlines, please visit our website at www.jetlines.ca.
ON BEHALF OF THE BOARD
"Mark J. Morabito"
Executive Chairman
Canada Jetlines is part of the King & Bay group of companies.
King & Bay is a merchant bank that specializes in identifying, funding, developing and supporting growth opportunities in the
resource, aviation, and technology sectors. |
For more information, please contact:
Toll Free: 1-833-226-5387
Email: investor.relations@jetlines.ca
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" concerning anticipated developments and events that
may occur in the future. Forward-looking information contained in this news release includes, but is not limited to, statements
with respect to the commencement of operations and the success of expected future operations of the Company.
In certain cases, forward-looking information can be identified by the use of words such as "plans",
"expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or " or variations of such words and phrases or
statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved"
suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future
events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions
regarding, among other things the receipt of financing to commence airline operations, the accuracy, reliability and success of the
Jetlines’ business model; the timely receipt of governmental approvals; the timely commencement of operations by Jetlines and the
success of such operations; 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. While the Company considers these assumptions to be reasonable based on information currently available
to it, they may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the
ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline
industry conditions, future relations with SmartLynx, volatility of fuel prices, increases in operating costs, terrorism,
pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of
management to implement Jetlines’ operational strategy, the ability to attract qualified management and staff, labour disputes,
regulatory risks, including risks relating to the acquisition of the necessary licenses and permits; risks related to disputes
under the agreement with Boeing to acquire 737-Max aircraft, and the additional risks identified in the "Risk Factors" section of
the Company's reports and filings with applicable Canadian securities regulators.
Although the Company has attempted to identify important factors that could cause actual actions, events or
results to differ materially from those described in forward-looking information, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on
forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by
applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking
information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this
release.
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