TORONTO–(BUSINESS WIRE)–Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”) announces that it has signed a contract with the ISIC Program that will see Canada Jetlines provide discounted airfare rates to University enrolled students globally. This agreement complements many other private user group agreements whose members benefit from private rates with Canada Jetlines.
“Canada Jetlines is very pleased to partner with ISIC and its 4.5 Million student members worldwide. We are looking forward to providing access to reduced rate travel options for students as they discover the joy and education associated with travel. We have a world class organization that is reaching out every day to new partners and stakeholders that will benefit from our products and services and we are especially proud to launch this program,” said Canada Jetlines’ Chief Commercial Officer, Duncan Bureau.
“We are excited to partner with Canada Jetlines to bring value to our ISIC members who love to travel and see the world. This partnership is welcomed as we prepare for a busy year ahead for students,” says Corey Grist, Director of Operations and Services at ISIC Canada.
About ISIC Canada
The International Student Identity Card is the only internationally recognized student ID, making cardholders members of a truly global club. Every year more than 4.5 million students from 130 countries use their ISIC to take advantage of offers on travel, shopping, museums, and more, worldwide.
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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 details of the agreement with ISIC and its future benefits to Canada Jetlines and business of Canada Jetlines.
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 airline operations, the accuracy, reliability and success of Jetlines’ business model; the continued compliance with the terms of governmental approvals; Jetlines concluding definitive agreements for additional aircraft; the success of operations by Jetlines; 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 at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude definitive agreements to acquire additional aircraft, supply chain disruptions causing delays in expected timelines, the impact of the global uncertainty created by COVID-19, 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.
Contacts
Media:
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Investor Relations:
Percy Gyara
Chief Financial Officer
Canada Jetlines
[email protected]
+1 647.921.7205