Canada Jetlines Operations Ltd., Bankruptcy

Canada Jetlines Operations Ltd., a Mississauga, Ontario-based commercial airline carrier, filed for bankruptcy on September 11.

The airline, which serves Canadians flying within Canada or to the US, Caribbean and Mexico, formally launched in 2022 and initially marketed itself as an ultra low cost carrier. However, it shifted its strategy to become a leisure airline, providing charter flights to sports teams and others.

On August 15 it filed an NOI in a bid to survive, but it was unable to secure the financing necessary to continue with its proposal.

BDO is the bankruptcy trustee.

Dentons is counsel for the company.