Canada Jetlines plans to raise $44 Million via IPO
28/11/2014 18:02
Inovent Capital Inc and Canada Jetlines announced that it has filed documents with regulators to raise CUSD 50 million (USD 44.5 million) in an initial public offering to fund a new airline. Jetlines and Inovent are merging and plan to start an “ultra-low cost” domestic airline out of Vancouver International Airport next year, the companies said today in a statement. The airline plans routes that avoid direct competition with current airlines. “We’re very excited about, hopefully in the second quarter of 2015, bringing affordable airfares to Canadians,” Canada Jetlines president David Solloway said today in a telephone interview. The offering is being led by AltaCorp Capital Inc. and Euro Pacific Canada Inc.
28/11/2014 18:02
Inovent Capital Inc and Canada Jetlines announced that it has filed documents with regulators to raise CUSD 50 million (USD 44.5 million) in an initial public offering to fund a new airline. Jetlines and Inovent are merging and plan to start an “ultra-low cost” domestic airline out of Vancouver International Airport next year, the companies said today in a statement. The airline plans routes that avoid direct competition with current airlines. “We’re very excited about, hopefully in the second quarter of 2015, bringing affordable airfares to Canadians,” Canada Jetlines president David Solloway said today in a telephone interview. The offering is being led by AltaCorp Capital Inc. and Euro Pacific Canada Inc.
