Canada JetlinesOperations Ltd. (NEO: CJET)(“Canada Jetlines”), has confirmed a new international nonstop service out of its travel hub of Toronto Pearson International Airport (YYZ) to Cancun (CUN) in Mexico.
The Canadian carrier’s first route into Mexico will launch starting with two flights per week and increased frequency to follow. Cancun Airport is located in the state of Quintana Roo on the Yucatan Peninsula in Mexico. It is a major international airport serving the resort areas of Cancun and the Riviera Maya.
“Our Canada Jetlines family is thrilled to launch service to another international destination in Mexico this winter – continuing expansion of our international network of convenient leisure and business travel,” statedDuncan Bureau, Chief Commercial Officer of Canada Jetlines. “Canada is one of the top countries for international tourists to Mexico and we are pleased to connect Canadians to their favorite sun-destinations as they begin to plan winter vacations.”
Cancun Airport (CUN) is the 10th busiest airport in the world in international passengers according to the Airports Council International - Top 10 Busiest Airports Worldwide 2021 publication. In 2021 more than 13 million passengers traveled to Cancun and the Riviera Maya and the number of visitors is expected to increase rapidly thanks to its fast recovery and more flights being added from all over the world.
Canada Jetlines flights are scheduled to commence in March 2023, with tickets now on sale via Jetlines.com or contact your favorite Travel Agency. Canada Jetlines will operate the route with its growing fleet of Airbus A320 aircraft, including its recently announced second aircraft which was delivered and entered service in December 2022.
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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 the Company’s intention to operate as a leisure airline, the intention to offer the lowest possible price, the number of aircraft it intends to operate, the destinations of its intended flights, the frequency of flights and business of Jetlines.
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 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 Jetlines’ business model; the timely receipt of governmental approvals; Jetlines concluding a definitive agreement for aircraft to expand airline operations; the timely commencement of operations by Jetlines and the success of such operations; the legislative and regulatory environments of the jurisdictions where Jetlines will carry on business or have operations; the impact of competition and the competitive response to 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, the failure of the Company to conclude definitive agreements to acquire aircraft, supply chain disruptions causing delays in expected timelines, the impact of the global uncertainty created by COVID-19, future relations with shareholders, 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 from regulatory agencies, 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 results to differ materially from those described in forward-looking information, there may be other factors that cause 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 any forward-looking information.
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