Canada Jetlines Provides Corporate Update
Canada Jetlines Operations (Cboe CA:CJET) has announced significant changes in its leadership team. Ms. Brigitte Goersch has resigned as Chief Executive Officer, along with the resignations of Mr. Ryan Goepel, Ms. Beth Horowitz, and Mr. Shawn Klerer. The company's ongoing operations have been contingent on its ability to secure adequate financing and achieve profitable growth.
The airline is actively seeking additional capital to continue operations. The board of directors and management are exploring potential sources of funding, with more details to be provided when available. Despite these challenges, Canada Jetlines is currently maintaining its operations. The company has historically relied on a combination of debt, equity, and other financial facilities to meet its future requirements.
Canada Jetlines Operations (Cboe CA:CJET) ha annunciato cambiamenti significativi nel suo team di leadership. La signora Brigitte Goersch si è dimessa da Amministratore Delegato, insieme alle dimissioni del signor Ryan Goepel, della signora Beth Horowitz e del signor Shawn Klerer. Le operazioni in corso della compagnia sono state influenzate dalla sua capacità di ottenere finanziamenti adeguati e di raggiungere una crescita profittevole.
La compagnia aerea sta cercando ulteriori capitali per proseguire le operazioni. Il consiglio di amministrazione e la direzione stanno esplorando potenziali fonti di finanziamento, con ulteriori dettagli che saranno forniti non appena disponibili. Nonostante queste sfide, Canada Jetlines sta attualmente mantenendo le sue operazioni. L'azienda ha storicamente fatto affidamento su una combinazione di debito, capitale e altre strutture finanziarie per soddisfare le sue esigenze future.
Canada Jetlines Operations (Cboe CA:CJET) ha anunciado cambios significativos en su equipo de liderazgo. La señora Brigitte Goersch ha renunciado como Directora Ejecutiva, junto con las renuncias del señor Ryan Goepel, la señora Beth Horowitz y el señor Shawn Klerer. Las operaciones en curso de la empresa han dependido de su capacidad para asegurar financiamiento adecuado y alcanzar un crecimiento rentable.
La aerolínea está buscando capital adicional para continuar con las operaciones. La junta directiva y la gerencia están explorando fuentes potenciales de financiamiento, con más detalles que se proporcionarán tan pronto como sean disponibles. A pesar de estos desafíos, Canada Jetlines está manteniendo actualmente sus operaciones. La empresa ha dependido históricamente de una combinación de deuda, capital y otras facilidades financieras para satisfacer sus necesidades futuras.
캐나다 제트라인스 운영(Cboe CA:CJET)이 경영진팀에 중요한 변경 사항을 발표했습니다. 브리짓 괴르쉬가 CEO로서 사임했습니다, 그리고 라이언 고펠, 베스 호로위츠, 숀 클레러가 사임했습니다. 회사의 지속적인 운영은 적절한 자금 조달과 수익성 있는 성장을 달성하는 능력에 따라 달라집니다.
항공사는 운영을 계속하기 위한 추가 자본을 찾고 있습니다. 이사회와 경영진은 자금 조달의 잠재적 출처를 탐색하고 있으며, 더 자세한 사항은 이용 가능할 때 제공될 것입니다. 이러한 어려움에도 불구하고, 캐나다 제트라인스는 현재 운영을 유지하고 있습니다. 회사는 미래 요구 사항을 충족하기 위해 역사적으로 부채, 자본 및 기타 금융 수단의 조합에 의존해왔습니다.
Canada Jetlines Operations (Cboe CA:CJET) a annoncé des changements significatifs au sein de son équipe de direction. Madame Brigitte Goersch a démissionné en tant que Directrice Générale, de même que M. Ryan Goepel, Mme Beth Horowitz et M. Shawn Klerer. Les opérations en cours de la société ont dépendu de sa capacité à obtenir un financement adéquat et à réaliser une croissance rentable.
La compagnie aérienne recherche activement du capital supplémentaire pour poursuivre ses opérations. Le conseil d'administration et la direction explorent des sources potentielles de financement, avec plus de détails à fournir dès qu'ils seront disponibles. Malgré ces défis, Canada Jetlines maintient actuellement ses opérations. L'entreprise s'est historiquement appuyée sur une combinaison de dettes, de capitaux propres et d'autres facilités financières pour répondre à ses besoins futurs.
Canada Jetlines Operations (Cboe CA:CJET) hat bedeutende Änderungen in seinem Führungsteam angekündigt. Frau Brigitte Goersch hat als Geschäftsführerin resigniert, zusammen mit den Rücktritten von Herrn Ryan Goepel, Frau Beth Horowitz und Herrn Shawn Klerer. Die laufenden Geschäftstätigkeiten des Unternehmens hingen von seiner Fähigkeit ab, angemessene Finanzierungen zu sichern und profitables Wachstum zu erzielen.
Die Fluggesellschaft sucht aktiv nach zusätzlichem Kapital zur Fortsetzung der Betriebe. Der Vorstand und das Management erkunden potenzielle Finanzierungsmöglichkeiten, wobei weitere Einzelheiten bereitgestellt werden, wenn diese verfügbar sind. Trotz dieser Herausforderungen verläuft der Betrieb von Canada Jetlines derzeit weiterhin. Das Unternehmen hat historisch auf eine Kombination aus Schulden, Eigenkapital und anderen finanziellen Mitteln zurückgegriffen, um seinen zukünftigen Anforderungen gerecht zu werden.
- Airline continuing operations despite challenges
- Board actively working on potential sources of additional capital
- Resignation of CEO and multiple board members
- Dependency on raising additional capital to continue operations
- Historical reliance on external financing for future requirements
TORONTO, ON / ACCESSWIRE / August 12, 2024 / Canada Jetlines Operations Ltd. (Cboe CA:CJET) ("Canada Jetlines" or the "Company") announced today that Ms. Brigitte Goersch, Mr. Ryan Goepel, Ms. Beth Horowitz and Mr. Shawn Klerer have resigned. Ms. Brigitte Goersch has also resigned as Chief Executive Officer.
The continuing operations of the Company have been dependent upon the Company's ability to raise adequate financing and to grow the airline to the point where it can commence profitable operations. The Company has historically financed its future requirements through a combination of debt, equity or other facilities. As a result, the Company will need to raise additional capital to continue operations. The Company's board of directors and management is actively working on potential sources of additional capital. Additional details will be provided once available. At this time the airline is continuing operations.
Media Contact:
Erica Dymond
media@jetlines.ca
416.518.8314
Investor Contact:
Percy Gyara
investor.relations@jetlines.ca
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Cautionary Note Regarding Forward-Looking Information
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 obtaining financing and continuing operations.
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 continue operations, restructuring or other formal court proceedings, the accuracy, reliability and success of Jetlines' business model; the continued compliance with the terms of governmental approvals; 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, the impact of general economic conditions, domestic and international airline industry conditions, supply chain disruptions causing delays in expected timelines, 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 (or compliance with) 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.
SOURCE: Canada Jetlines Operations Ltd.
View the original press release on accesswire.com
FAQ
What major changes were announced by Canada Jetlines (Cboe CA:CJET) on August 12, 2024?
Is Canada Jetlines (Cboe CA:CJET) still operating as of August 12, 2024?
What financial challenges is Canada Jetlines (Cboe CA:CJET) facing as of August 2024?
How is Canada Jetlines (Cboe CA:CJET) addressing its need for additional capital?
