Canada Jetlines is ceasing operations immediately due to financial difficulties, and will seek creditor protection as it manages the fallout from recent executive resignations.
Passengers are advised to contact their credit card companies for refunds, marking another blow to the increasingly competitive Canadian airline market.
Following the resignation of four executives, including the CEO, the airline's inability to secure necessary financing has led to a complete operational shutdown.
The closure of Canada Jetlines adds to the list of airline departures in Canada, with Lynx Air and budget carrier Swoop having shut down within the last year.
#canada-jetlines #airline-operations #financial-difficulties #creditor-protection #aviation-industry
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