NEO Exchange Announces Breakthrough Travel Industry Listing with IPO of Canada Jetlines
Low-cost carrier offers greater choice to Canadian travelers
Toronto | October 13, 2021 – The NEO Exchange is proud to announce the public listing of Canada Jetlines (“Jetlines” or the “Company”), a charter airline aiming to commence flight operations in 2022. The Company begins trading today under the symbol CJET.
Jetlines was developed to provide Canadian consumers with greater choice and more affordable options for flying to sun-destinations in the southern U.S., Caribbean, and Mexico. Backed by a management team with significant experience in the Canadian and global airline industries, Jetlines is led by CEO Eddy Doyle, a pilot and retired Vice President of Flight Operations with Air Canada, who recently helped launch Bamboo Airlines in Vietnam.
“This is an important milestone for Jetlines,” remarked Mr. Doyle. “After thoroughly reviewing all of the potential options to list in Canada, we are convinced that listing on the NEO Exchange, a senior stock exchange, best raises our profile among retail and institutional investors and provides a platform from which to expand our shareholder base as we execute our growth and value creation plans.”
“We are proud to serve as the listing partner for Canada’s newest airline as they set forth to make travel more accessible,” commented Jos Schmitt, President and CEO of NEO. “Today’s launch is another exciting watershed listing – our first-ever in the travel industry. Less than a month ago, we announced our very first issuer in the mining industry. Together, these new listings serve as a testament to NEO’s steady growth and expansion across all verticals.”
Investors can trade shares of CJET through their usual investment channels, including discount brokerage platforms and full-service dealers.
The NEO Exchange is home to over 170 unique listings, including some of Canada’s most innovative up-and-coming public companies and ETFs from Canada’s largest ETF issuers. Backed by some of the most reputable financial organizations in Canada, the NEO Exchange facilitates close to 15% of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.
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About the NEO Exchange
The NEO Exchange is Canada’s Tier 1 stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO lists companies and investment products seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
About Canada Jetlines
Canada Jetlines is a 100% equity financed low-cost tour and charter leisure carrier that will utilize a growing fleet of Airbus 320 aircrafts to service popular sun destinations. It is expected to commence operations after receiving Canadian Transport Agency and Transport Canada approval.
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