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Jetsgo Ceases Operations  
User currently offlineBriboy From Canada, joined Jul 2001, 214 posts, RR: 2
Posted (4 years 9 months 15 hours ago) and read 12915 times:

Just came over the wire!

MONTREAL, March 11 /CNW/ - Jetsgo Corporation announced today that it is
ceasing all operations effective immediately.
Passengers are advised to make alternative travel arrangements prior to going to the airport as there will be no Jetsgo staff or aircraft available.
Travellers seeking to return to their point of origin must make alternative
arrangements with other airlines or with their travel agent or tour operator.
Jetsgo will be asking that the Quebec Superior Court immediately grant it protection under the Companies' Creditors Arrangement Act. Court protection will allow Jetsgo to consider all options available to reorganize its affairs.
Given difficult market conditions resulting from competitive pressures in the Canadian airline industry, Jetsgo has determined that, in the circumstances, it is prudent and responsible to discontinue its operations and
ground all of its planes.

Full release here


next up: YYC, SFO, SYD, AKL, WLG, CMB, BKK, SIN, FRA, VCE, JFK
171 replies: All unread, showing first 25:
 
User currently offlineCaptaingomes From Canada, joined Feb 2001, 6398 posts, RR: 67
Reply 1, posted (4 years 9 months 15 hours ago) and read 12786 times:

I might be a minority when I say this, but I feel bad for those involved. I do wish however that I could get my credit back! LOL

In all seriousness, a lot of good people are losing their jobs, and I wish them the best.


"it's kind of like an Airbus, it's an engineering marvel, but there's no sense of passion" -- J. Clarkson re: Coxster
User currently offlineSegmentKing From , joined Dec 1969, posts, RR:
Reply 2, posted (4 years 9 months 15 hours ago) and read 12765 times:

isn't this the 2nd or 3rd airline the ceo has trashed?

-n

User currently offlineFA4B6 From , joined Dec 1969, posts, RR:
Reply 3, posted (4 years 9 months 15 hours ago) and read 12727 times:

I also feel bad.

It's a sad day when an airline goes under.

Good luck to all.

User currently offlineRayChuang From United States, joined Jun 2000, 7112 posts, RR: 8
Reply 4, posted (4 years 9 months 15 hours ago) and read 12710 times:

Maybe Jetsgo couldn't compete against WestJet? They probably didn't get enough business to keep them going.  Sad

User currently offlineBiggles From Canada, joined Dec 2004, 459 posts, RR: 1
Reply 5, posted (4 years 9 months 14 hours ago) and read 12666 times:

Another case of expanding too quickly ?? Plus some maintenance and a few questionable passenger decisions didn't help.

User currently offlineSHUPirate1 From United States, joined Sep 2003, 3568 posts, RR: 25
Reply 6, posted (4 years 9 months 14 hours ago) and read 12641 times:

That's funny...you can still book tickets on JetsGo's website...


Burma's constitutional referendum options: A. Yes, B. Go to Insein Prison!
User currently offlineBriboy From Canada, joined Jul 2001, 214 posts, RR: 2
Reply 7, posted (4 years 9 months 14 hours ago) and read 12594 times:

I agree, but... I think it was inevitable that this was going to happen. Canada could not sustain the number of entrants in the market, and the weakest entrant has left the market. Jetsgo did not do itself any favours in how it operated over the last few months, from the fiasco of Christmas, to the deteriorating safety and maintenance situation..

Not good for the employees of SG, but likely good for the industry as a whole.

/Brian


next up: YYC, SFO, SYD, AKL, WLG, CMB, BKK, SIN, FRA, VCE, JFK
User currently offlineRadarbeam From Canada, joined Mar 2002, 1280 posts, RR: 7
Reply 8, posted (4 years 9 months 14 hours ago) and read 12566 times:

Good luck to all SG employees, I hope most will be able to find employement soon.

Typical ML.

User currently offlineTennisace From Canada, joined Feb 2001, 210 posts, RR: 0
Reply 9, posted (4 years 9 months 14 hours ago) and read 12567 times:

Very, very sad but not surprising at all. Even us 'armchair quarterbacks' knew they simply were expanding too quickly, with too low of prices. Simply not sustainable. How may times have we seen this before?

With AC and even WJ posting losses this past quarter, Jestgo must have simply lost a bundle!

Best of luck to all the employees.

Summer booking for travel in Canada will be a nightmare now I would think. I wonder how quickly the others can ramp up capacity. I just hope AC, WJ, and Canjet don't make mistakes trying to fill the void too quickly.

User currently offlineACYWG From Canada, joined Feb 2005, 265 posts, RR: 0
Reply 10, posted (4 years 9 months 14 hours ago) and read 12513 times:

I have sympathy for the employees of JetsGo. I was just talking about JetsGo today, and how I was expecting to hear something of this type shortly.

Quoting Tennisace (Reply 9):
Summer booking for travel in Canada will be a nightmare now I would think. I wonder how quickly the others can ramp up capacity. I just hope AC, WJ, and Canjet don't make mistakes trying to fill the void too quickly.

Simply because of fleet size, I would imagine that Air Canada will be most capable of filling the void. Most likely we will see aircraft being upgraded from CRJ's to A319's and A320's. Or perhaps we won't see any changes at all, as the overcapacity will have been reduced.

User currently offlineVirgin747 From Canada, joined Oct 1999, 277 posts, RR: 0
Reply 11, posted (4 years 9 months 14 hours ago) and read 12474 times:

Its sad to see them go as they looked strong in Winnipeg today. But one quick question, my girlfriend has a ticket booked for the 26th of May, paid for it etc. Whats the deal now??

User currently offlineRadarbeam From Canada, joined Mar 2002, 1280 posts, RR: 7
Reply 12, posted (4 years 9 months 14 hours ago) and read 12438 times:

If the ticket wasn't booked through a travel agency she will probably lose her money. Otherwise the travel agency will refund the ticket.

User currently offlineSHUPirate1 From United States, joined Sep 2003, 3568 posts, RR: 25
Reply 13, posted (4 years 9 months 14 hours ago) and read 12413 times:

http://www.jetsgo.net/en/index.shtml

I'm still not sure if this is a hoax or not...


Burma's constitutional referendum options: A. Yes, B. Go to Insein Prison!
User currently offlineRobK From United Kingdom, joined Sep 2004, 3254 posts, RR: 12
Reply 14, posted (4 years 9 months 14 hours ago) and read 12394 times:

Quoting Virgin747 (Reply 11):
Its sad to see them go as they looked strong in Winnipeg today. But one quick question, my girlfriend has a ticket booked for the 26th of May, paid for it etc. Whats the deal now??

Realistically, you've no chance of seeing that money again. Banks/money lenders will always get first pickings.

Sorry.

Cheers,

Rob K  Wink

User currently offlineACYWG From Canada, joined Feb 2005, 265 posts, RR: 0
Reply 15, posted (4 years 9 months 14 hours ago) and read 12372 times:

Quoting SHUPirate1 (Reply 13):
http://www.jetsgo.net/en/index.shtml

I'm still not sure if this is a hoax or not...

Try booking a flight. It says there's either no flights, or they're all booked. Being thats its JetsGo, its most likely the former.

User currently offlineCPDC10-30 From United Kingdom, joined Feb 2000, 4661 posts, RR: 33
Reply 16, posted (4 years 9 months 14 hours ago) and read 12350 times:

If the ticket wasn't booked through a travel agency she will probably lose her money. Otherwise the travel agency will refund the ticket.

Actually, thats not true. If you paid by credit card, there is a good chance you can get a refund from the purchase protection program. Most Canada 3000 customers got refunds this way.

I really feel a bit sad about this, I flew SG in their first couple weeks of operations back in June 2002, SM was on that flight too. Not the best service, but they could have filled a niche in the market if they were a bit smarter. And it was nice finally getting some "Apparatus-80s" in Canada  Smile Although they have really had a bad string of luck lately and maybe it is for the better that they shut down if flight safety was being compromised.

If SG ever does come back, It would make sense to keep a few F100s and focus on routes out of YQB. Take an example from CanJet and don't be too ambitious.

BTW am I right in thinking the F100s ferried in order to prevent them from being seized at other airports? IIRC JetsGo owns these aircraft.

User currently offlineAloha717200 From United States, joined Aug 2003, 3538 posts, RR: 20
Reply 17, posted (4 years 9 months 14 hours ago) and read 12318 times:

Sad to see them go, but I think we all saw this coming...


Save the animals! Fly Frontier!
User currently offlineSHUPirate1 From United States, joined Sep 2003, 3568 posts, RR: 25
Reply 18, posted (4 years 9 months 14 hours ago) and read 12310 times:

Quoting ACYWG (Reply 15):
Quoting SHUPirate1 (Reply 13):
http://www.jetsgo.net/en/index.shtml

I'm still not sure if this is a hoax or not...

Try booking a flight. It says there's either no flights, or they're all booked. Being thats its JetsGo, its most likely the former.

Ready...

I can book myself on SG491, tommorrow night from PBI to YYZ, returning to PBI on 3/15 on SG 490, in Comfort Plus both ways, for US$647.96, straight from Jetsgo's website. Take that for what it's worth.


Burma's constitutional referendum options: A. Yes, B. Go to Insein Prison!
User currently offlineFrmyqr From Canada, joined Apr 2004, 143 posts, RR: 0
Reply 19, posted (4 years 9 months 14 hours ago) and read 12297 times:

http://www.cbc.ca/

CBC has it too so I don't think it's a hoax. Sad

and for those who have tickets.

The company said clients who have paid for Jetsgo tickets should contact the Canadian Transportation Agency: 1-888-222-2592.
http://www.cbc.ca/story/canada/national/2005/03/10/Jetsgo-050310.html

[Edited 2005-03-11 07:17:17]


i'm from regina. Heard of it?
User currently offlineVirgin747 From Canada, joined Oct 1999, 277 posts, RR: 0
Reply 20, posted (4 years 9 months 14 hours ago) and read 12218 times:

Quoting CPDC10-30 (Reply 16):
BTW am I right in thinking the F100s ferried in order to prevent them from being seized at other airports? IIRC JetsGo owns these aircraft.

Theres one that was stuck in Winnipeg all day, someone told me it was hit by a truck by Globe Ground. So that ain't going anywhere soon.....

User currently offlineBiggles From Canada, joined Dec 2004, 459 posts, RR: 1
Reply 21, posted (4 years 9 months 14 hours ago) and read 12215 times:

The local news stations in Calgary are carrying the story too..

I don't believe it's a hoax.

User currently offlineAirbus Lover From Malaysia, joined Apr 2000, 3248 posts, RR: 13
Reply 22, posted (4 years 9 months 13 hours ago) and read 12112 times:

http://www.gtaa.com/index.aspx?Sid=N...&TERMINAL=0&submit.x=33&submit.y=3

See how all JetsGo flights are cancelled? Certainly no hoax!

User currently offlineRindt From Germany, joined May 2000, 930 posts, RR: 21
Reply 23, posted (4 years 9 months 13 hours ago) and read 12100 times:

Is anyone really surprised?

I was working on the SG163 tonight (F-100 from YVR-YXS) - and it had all of 22 passengers. I'm sorry folks, but this isn't a first... everytime I've worked this particular flight it leaves with less than 30 pax. You don't make money... and then wanting to expand the service to double-daily? Right...

As far as I'm concerned, Michel Leblanc is the Frank Lorenzo of the Canadian Aviation Industry.

What I feel the worst for are the pilots - they're the ones that are out the big bucks.

-Rob


What other people think of you is none of your business!
User currently offlineAC7E7 From Canada, joined Oct 2004, 624 posts, RR: 30
Reply 24, posted (4 years 9 months 13 hours ago) and read 12073 times:

How about that Jetsgo flight to Cancun tomorrow from Toronto... I bet alot of travellers on their way to sunny Mexico are going to be disappointed...


"...we cannot let any carrier gain a foothold in any sector of our market." -- Clive Beddoe, February 2005.
User currently offlineFrmyqr From Canada, joined Apr 2004, 143 posts, RR: 0
Reply 25, posted (4 years 9 months 13 hours ago) and read 12038 times:

Cosidering the time at YYZ right now. 01:47 they won't even know till they get to the airport. Today/tomorrow will be an interesting day indeed,....and Probably not a good one.


i'm from regina. Heard of it?
26 Lymanm: "What I feel the worst for are the pilots - they're the ones that are out the big bucks." Yes, though this gives credence to those that would like to
27 WJV04: Frmyqr, I agree tommrow is gonna be a ugly day at pearson. I think we all saw this coming...
28 Airgeek12: What's going on? Why are all of the Jetsgo flights being cancelled?
29 Post contains links Frmyqr: YYZ atc is talking to SJ481 right now. http://www.liveatc.net/feedindex.php he'll be down in about 20min
30 SkydrolBoy: another sad day in canadian aviation history...my heart goes out to all the employees of jetsgo who are now without work....
31 Biggles: It is indeed a sad day. Having been in the same situation before,I wish good luck to all the Jetsgo employees.
32 Laxintl: Looks like JGO481 from PBI might indeed be the last revenue Jetsgo flight to have operated.
33 Frmyqr: might me something soon on the website (or just my connection) I time out when i check the website. Anybody else get it. SG was just cleared to land,
34 Post contains links BO__einG: I was pretty surprised that this announcement came only hours ago as it was not on the evening news. However as many have said about their questionabl
35 Yyz717: The Jetsgo website has gone down in the last 45 minutes. Anyway, they expanded too fast. The 18 F100's was the nail in the coffin. Perhaps they will w
36 Rindt: But who in their right minds would fly them again? I can't tell you how many times a flight was delayed an hour or four... and then have the back-up f
37 Squad55: Are they bankrupt or did they get their operating lc taken away???
38 Ywg777: I know the loads out of YWG wern't the greatest eathier. When your only getting 7-25 people off a MD-83 its very hard to break even. Selling seats for
39 Lymanm: AC will not help passengers, as Jetsgo had made no prior arrangements with AC. It's an AC press release. Insensitive? Probably. At the very least, AC
40 Yeggerman: It should not be about making prior arrangements and what not. Its about doing the right thing. Both AC and WS and even Canjet will do the right thing
41 Silver_wing767: From what I have been reading on various websites, there was 1500 employees, who are no more. What a shame. All the best to those 1500..and All the ot
42 Post contains links Yeggerman: This just in: WestJet Assists Jetsgo Crews MARCH 11, 2005 - 03:12:19 ET CALGARY, ALBERTA--(CCNMatthews - March 11, 2005) - WestJet (TSX:WJA) today ann
43 Bluewave 707: Sad to see an airline with so much potential go under. I agree with other posts, that the rapid expansion was probably did JetsGo in. That usually the
44 Yyz717: AC will not help passengers, as Jetsgo had made no prior arrangements with AC. It's an AC press release. Insensitive? Probably. It's not insensitive.
45 Avek00: As someone who has a soft spot in his heart for Air Canada (and most North American legacy carriers generally), I find this to be a GOOD day for the C
46 Post contains images Mark_D.: Sad news for JetsGo -- especially for the employees, and of those especially the pilots. And least for Michel -- he really comes off looking a bit sha
47 Yyz717: What do you want Avek00? A monopoly in Canada with AC having 100%? 1500 Canadians lost their jobs today. Today is the start of March break. Thousands
48 B747-437B: With all due respect to Michel, I think he looked more than just a "bit shady" after his last two airline ventures...
49 Avek00: "It is hardly a GOOD day for the Canadian airline industry" I beg to differ - Jetsgo did little more than harm the other players in the industry by im
50 Yyz717: Michel Leblanc is an entrepreneur who created jobs and travel options for Canadians. His airlines have never been subsidized by Canadian tax payers (u
51 KFLLSpotter: Sad to see this airline go. Was always a welcome sight at FLL. I hope the SG employees will be able to find employment of this really is a total cease
52 ACDC8: Wasn't this his third time? He had 1) JetsGo 2) Royal Airlines and 3) Inter Air (or something similar sounding)
53 Yyz717: Ultimately, the flying public suffers MORE in the end from having a weak aviation industry than a strong one. I agree. That's why I argued AC should h
54 Lymanm: I wonder how the recent maintenance issues/restrictions and what not were a factor. Were ther more TC restrictions/penalties to come? Massive fines? G
55 Yhz78: Number 3 was Inter-Canadien and all 3 airlines were a joke. I've said it before and I'll say it again, ML just can't or won't run a proper airline!
56 Avek00: "That's why I argued AC should have been liquidated." I dare say that given its population size and traffic mix, at the end of the day, Canada cannot
57 RCS763AV: Poor people! I always liked to see Jetsgo tails in YYZ, what a pity.
58 Gmonney: I have to say that its a shame that SG is gone, they got Canadian flying again after 9/11. Not many people wanted to fly and lots seeked other options
59 Lnglive1011yyz: Even tho almost every one of us has called into question Jetsgo's practices, I feel terrible for all the employees of this company --> My heart is wit
60 Pictues: He is NO Hero, he has now killed 4 airlines 1)Inter-Canadian 2)Royal 3)Canada 3000, by lying to Keanear(sp?) and the rest of the C3 board about Royal
61 MD11dude: Im pissed, So whats the deal behind the "restructure".. are they totaly liquid or will they try to resum ops. all the way MD-80! dk
62 ACDC8: Sure its not profitable, but at least you're taking away the customers from AC and WS! You're gonna loose money no matter what, might as well try to
63 Post contains links and images ERJ170: So I guess that I will never be able to see these MadDoggs in RDU... I guess AC reigns supreme still.... View Large View MediumPhoto © Will Fang
64 MartinairYYZ: What's wrong with low fares compared to AC's bogus crap? Some people need help.......... Maybe the next to go will be WS or in europe, Ryanair?!?
65 JAGflyer: Jetsgo is gone. I can't say I am sad for them. Sad for the pax flying for march break yes. Jetsgo was cheap and their service,planes and customer rela
66 RicardoFG: yea i created a post two weeks ago saying jetsgo wouldnt survive march, yet airliners.net pulled the post saying i was creating nonsense...go figure,
67 Avek00: "What's wrong with low fares compared to AC's bogus crap? " Low fares per se are not the problem - virtual seat giveaways are troublesome, however, an
68 Md11dude: arrghh! I wish Canadi>n was still here. Leads me to a question....Does AC hold rights to the CP name? Because, they really gotta come back!
69 AC_B777: Surprise surprise, Jetsgo is now JetsGONE!! In all seriousness, I feel sorry for all the employees. I know all too well what it's like to lose your jo
70 Pronto: Ya, I feel sorry for the employees of Jetsgo, but an airline in Canada(or any country!!) is risky business. Add in some of the problems they were havi
71 Nwaca: I would think it would be nice if AC actually helped out the stranded passengers on their return portions. Yes AC is here to make money--even if they
72 YOWguy: I feel sorry for the employees and pax of Jetsgo.... It is too bad that Jetsgo could sustain the cheap fares...but with the fuel prices so high, you c
73 AC_B777: Nwaca, Do you have proof the AC has "milked" money from the government? As I recall, AC did not seek any money from the govmt nor did the govmt offer
74 A332: The nightmare is finally over! Perhaps now we can see some profitability from those airlines who still remain today. Best of luck to all employees of
75 FLYACYYZ: YOWGuy: Effectively from a fare point of view domestically, AC offers competitive low cost fares. The current lowest internet fare (Tango) YOW-YYZ is
76 Post contains links Briboy: Looks like Air Canada is offering inexpensive fares for SG passengers: Update: Air Canada Provides Information for Jetsgo Ticket Holders MONTREAL, Mar
77 Canadi>nBoy: "Happy days are here again The skies above are clear again Let us sing a song of cheer again Happy days are here again Altogether shout it now! There'
78 FLYACYYZ: There is no question that everybody sympathizes with the customers, the staff, and all affected by the Jetsgo shutdown. Both AC and WS have come out
79 A332: I love the whole "successful entrepreneur" line... riiight... So is that how you gauge success? It's not about the business being successful on a cons
80 YYZ757FAN: While it is a sad day to see Jets Go's demise it is not surprising. The writing has been on the wall for months. You can not offer a service at a pric
81 Post contains images SHUPirate1: Well, obviously I jumped the gun when I referred to Jetsgo's shutting down as a "hoax"
82 AC7E7: Air Canada shares are up 3.06 to 35.25 as of 11:00AM Friday Westjet shares are up 4.23 to 15.40 as of 11:00AM Friday The market seems to be happy!
83 Briboy: So here is my next question. What is the status of the SG fleet right now? Where are they parked? /Brian (I had a separate thread on this, but somehow
84 F9Animal: Wow, I had no idea they were in that bad of shape! I actually admired the paint job, and was hoping to see them start SEA service. I am hoping they wi
85 YOWguy: I guess I should have stated that the price included all the taxes...but yes the prices do have a dramatic range...all based on time booked, date of
86 MartinairYYZ: So, what will LeBlanc's next airline be? I'm hoping for something to start up within a year......
87 Ckfred: I'm curious. How many Fokkers did SG plan to buy from AA? How many aircraft had SG taken delivery of and put in service? And from AA's perspective, ho
88 Baw716: While these are certainly difficult times, it is very sad to see a company decide to close and its employees lose their jobs. In this uncertain time i
89 Accargo: Why on earth would you hope he starts up another airline??????? He's displaced thousands of passengers, put a few thousand people out of work, and li
90 Yeggerman: How can you have respect? They waited to the busiest time for travel, waited for everyone to have a ticket then cancelled. As of last night 2330 you
91 Canadi>nBoy: "So, what will LeBlanc's next airline be? I'm hoping for something to start up within a year......" You have got to be joking. Leblanc should most def
92 Post contains images A332: WTF?? You save your highest respect for the management team?? You do realize that this same management team has known for months that things were not
93 Post contains links Planemaker: For further sad reading... http://www.jetsgosucks.com
94 Astral: Most Jetsgo passengers will not be able to get their money back. Only those that had purchased their tickets from a travel agency located in Ontario,
95 Yyz717: P.S. The above quote (reply 44) was a response by YYZ717 to another members quote. Rod, I did not make that quote. Someone else did. I was responding
96 VonRichtofen: I'm curious whether the shutdown was due to financial reasons or what? It seems kinda funny that Transport Canada starts investigating the airline and
97 A332: I believe it was all a pre-arranged scam by LeBlanc and his buddies to grab as much cash as possible and bail out with the proceeds in their pockets.
98 Samurai 777: I saw this coming a long time ago anyways. But I still feel sorry for all those SG employees who are now jobless. I wish the best of luck to them.
99 YVRtoYYZ: After two experiences of dealing with Jetsgo, I vowed never again to give them any more money, despite their lower costs. With that being said, I reco
100 Post contains links Briboy: Interesting reading here... Basically Jetsgo is blaming WS for ALL of their problems! Main page from their trustee Highlights from their petition: The
101 Canadi>nBoy: "I believe it was all a pre-arranged scam by LeBlanc and his buddies to grab as much cash as possible and bail out with the proceeds in their pockets.
102 Baw716: It is amazing that you all immediately assume that the management of this company was doing something "dirty" up until the day they closed. Since neit
103 Post contains links YVRtoYYZ: Jetsgo has been granted bankruptcy protection until April 11th by the courts. http://www.canada.com/national/story...b97807-daf1-40c8-ba8d-dbe6b581c38
104 Post contains images A332: Wow... it's all WestJet's fault... the blame couldn't possibly lie with the moron who drove two previous airlines he had control over into the ground,
105 OB1504: The thread title is "JetsGo Ceases Operations". Usually, when an airline ceases operations, they cancel all of their flights. I have to agree with F9
106 Post contains images JCS17: Great... tommorrow morning should be a lot of fun flying from YWG.
107 FLYACYYZ: Neil: That was the reason for the "edited P.S." Came up as your quote realizing that is was just your response to another members contribution.
108 Post contains links Nlspot2004: I will missed this. http://www1.airpics.com/showimg.php?imgid=61947
109 Yulguy: Just regarding the comments on whether or not passengers can get refunds for their tickets on Jetsgo. I work at a major Canadian bank's credit card (a
110 Post contains links Canadi>nBoy: http://www.thestar.com/NASApp/cs/Con...DPL=IvsNDS%2f7ChAX&tacodalogin=yes
111 Post contains links Canadi>nBoy: And yet more "voices" speak out re Jetsgo in today's Globe And Mail. http://www.theglobeandmail.com/servl...GAM.20050311.whave11/BNStory/Front
112 Planenutz: Briboy: According to the receivership filings all MD-83s have been repatriated to YVR, YYZ, or YUL. All of the Fokkers have been repatriated to Quebec
113 LTBEWR: While it is sad to see any airline die, if they were comprimising business and safety regulations that were or could hurt the public and their custome
114 Astral: Harmony Airways also announced that they will provide special fares for Jetsgo passengers. Information is on their web site under Media. It will also
115 Post contains links Nlspot2004: Here another picture of a Fokker 100. http://www1.airpics.com/showimg.php?imgid=61954
116 Rindt: C-FKLT, GKLN, and GKLJ are at YVR at the moment. -Rob
117 Yyz717: RobTV reports that Jetsgo lost $55M in the kast 8 mos. So, guestimating their annual revenue at C$500M (my guess), this represents an operating margin
118 WJV04: rindt What company do you work for in YVR?
119 AC320: I knew Jetsgo wasn't in the best of positions, but that's certainly much worse than I thought. Well wishes to any A.netter who's had their travel or
120 Post contains links Yhmfan: For all the bankruptcy info see below: http://www.rsmrichter.com/InsolvencyDetails.aspx?InsolvencyID=36
121 DavidYYC: Thanks for replacing this thread, A320. I did a search and this thread was absent about thirty minutes ago! I was surprised and started another thread
122 Aloha717200: I have to say it was very good of Westjet to help out the stranded pax and crews of Jetsgo. I seriously doubt we'll ever see a reincarnation of Jetsgo
123 Lawgman: Jetsgo was a private company and thus does did not need to answer to securities regulators.
124 DavidYYC: Interesting how Jetsgo blames WJ in their petition to the court (Companies Credit Arrangement Act). When applying for this type of protection, compani
125 Rindt: OK, so here's the breakdown of MD-80s (all 14 of them) : YVR - C-FKLT C-GKLN C-GKLJ YYZ - C-FKLO C-FKLZ C-FKLY C-FRYH C-GKLK C-GKLQ C-GKLR YUL - C-FRY
126 717-200: Astral, What caused MOT to restrict Jetsgo to fly below FL290? Is MOT short for Ministry of Transport or another name for Transport Canada?
127 Dakotasport: Does anyone know where the MDs are parked here at YYZ? Besides the one at Skycharter ramp? I think that one is C-FRYH.
128 Sccutler: Amusing, really, the comparisons with Frank Lorenzo. But for Frank Lorenzo's acquisition of CO, it would long since have become a defunct footnote in
129 ACDC8: Watching the news about this and seeing people trying to get refunds and listening how the Prime Minister and Transport Minister are encouraging pax t
130 YYZ757FAN: Dakotasport..... Five of the Jetsgo MD-80's are parked on the Fed Ex ramp, 1 is at the Skycharter hanger and one is parked on the apron in from of the
131 Post contains links LAXinYYZ: I took a few pics yesterday http://www.irisreg.com/air/
132 Post contains images Yhmfan: I have a "jetsgo Dollar". When should I expect a refund from the Ferderal Government? On the serious side, I heard on the news that Jetsgo pilots are
133 Hmmmm...: Since Leblanc was taking money for tickets he knew he would not honor, and money for flights he knew he would not provide, then that constitutes fraud
134 Post contains images YUL332LX: According to the insolvency file, revenues were at C$400M. Close enough...
135 Flyibaby: Normally if you have paid with a CC the CC will hold payment to an airline until travel is completed. In the past, only when you have paid cash to an
136 Yyz717: Not for corporations. Jetsgo is incorporated. Yes, it's bad. But those pilots entered into that deal voluntarily. All they can do is line up with the
137 Olympus69: You beat me to it. I was going to post the same thing. In my case I have an unused credit from a cancelled flight last fall. This was an on-line book
138 Speedport: Sad to see an airline with so much potential go under. You’re probably right; it was the overly ambitious expansion. I guess the fact that they were
139 Shamrock: A lot has been made in the media over the fact that Jetsgo, being a PRIVATE company incorporated in Quebec, was not subject to any public scrutiny of
140 Yyz717: A lot has been made in the media over the fact that Jetsgo, being a PRIVATE company incorporated in Quebec, was not subject to any public scrutiny of
141 Post contains links MAH4546: Here is an article from the South Florida Sun-Sentinel: http://www.sun-sentinel.com/business...723.story?coll=sfla-business-front This could not have
142 Post contains links Yhmfan: Yyz17; Directors are personally liable for certain debts. Please see this link: http://www.bankruptcycanada.com/directorsl1.htm That's why there is D
143 Yyz717: Holy moly. So 8 mos of revenue would be approx 2/3 or about $267M. $55M loss on $267M revenue is a -20% margin. So $120 losses for every $100 revenue
144 1world: This was definitely coming but we never knew when it was going to happen. The flying public now sais they will never book another LCC again but in the
145 Post contains links and images Scbriml: Wot? No more JetsGo at FLL? View Large View MediumPhoto © Steve Brimley
146 Lnglive1011yyz: Owning a small business myself, I completely agree -- while this perhaps contributed to why so many people were stranded, I do agree, that Private co
147 Yhmfan: Well, the Canadian Government disagrees with this point of view when it comes to employment relationships. As I mentioned in my post above, the law d
148 Hmmmm...: realistically Leblanc was in negotiations with banks & investors right to the end. Leblanc must have been planning for this shutdown contingency for s
149 Lnglive1011yyz: Even if this is true, by law or other means, I find it to be utter bullsh**. This is why I believe that if you're flying on an airline that doesn't t
150 Post contains images YUL332LX: Jetsgo pax are actually creditors of Jetsgo, so it is a good thing for some of the creditors. I know what you meant though . Both Visa and Mastercard
151 Yyz717: More financial info came out in the Saturday papers. While SG lost $55M in the last 8 mos, $22M of that was in Jan/Feb alone, so losses were escalatin
152 Greasespot: I read on Sat that Fidelity lost 25 million on Jetsgo but MADE 56 million on Westjet and AirCanada shares after Jetsgo ceased....I cannot remember whi
153 ViveLeYHZ: Any idea how much Jetsgo's MD's and Fokkers would be worth ?? Maybe not close to the 55 million they say they lost, but It would be interesting to see
154 1MillionFlyer: The planes were financed they had no equity in them, so the answer is Zero dollars The planes were not RVSM compliant
155 Yyz717: There are still many F100's in storage. The market still has not fully absorbed the 40 US and 75 AA F100's that were retired relatively quickly. So I
156 Slawko: Quoting ViveLeYHZ (Reply 153): Any idea how much Jetsgo's MD's and Fokkers would be worth ?? Maybe not close to the 55 million they say they lost, but
157 Spotter: As a now "former" employee of Jetsgo, I would just like to say that I enjoyed my time with the company. It was a very "family" like environment, many
158 1MillionFlyer: No RVSM is No RVSM....there is no way they paid cash for the F100's. If they did, they are idiots. Anyone who pays cash for long term assets deserves
159 Lnglive1011yyz: Slawko, see below... No matter what we all say about Jetsgo guys, please remember, we are all thinking of you. I don't think there is *one* person on
160 1MillionFlyer: My best wishes do go out to the employees, It sucks to lose a job with no notice.
161 Post contains images Tribird1011: C-GKLI is actually in YYZ - it's inside the Skycharter hangar, and KLY is outside. I know because I too am a "former" Jetsgo employee!
162 A380: I felt with all those newly unemployed SG people because I lost a couple of jobs in the past with no advance notice. I found it very insensitive to su
163 Canadi>nBoy: Exactly. Well said. While we're on this particular tangent, I feel I must apologize when I posted the "Happy Days Are Here Again" lyrics well above i
164 Allessandro: The Fokker 100's are RVSM compliant from factory, the only requirement is an amendment of the AOM stating that the aircraft confirms with the require
165 CanadaEH: Jetsgo's ceassation of operations is the best thing to happen to the industry as a whole in a long time. I know a lot of you loved the fact you could
166 Post contains images A332: I agree... Jetsgo's dirt cheap fares were simply not sustainable and ended up hurting the entire industry at the happiness of the Canadian consumer. I
167 AlekToronto: I don't think that LeBlance started Jetsgo as a ploy to screw the flying public and screw his employees. He gave 1300 people a job and many people who
168 Canadi>nBoy: And that is the truth. Never underestimate the conviction of the bargain hunting Canadian pax.
169 Lnglive1011yyz: He bilked ALL of Jetsgo's pilots out of countless sums of money, hurt MANY employee's who were loyal to him, and has hurt *All* Canadian travelling p
170 Yyz717: He bilked ALL of Jetsgo's pilots out of countless sums of money, hurt MANY employee's who were loyal to him, and has hurt *All* Canadian travelling pu
171 Lnglive1011yyz: Sadly, I agree. Again, sadly, I agree. 1011yyz
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