Noise
Topic Author
Posts: 2017
Joined: Wed Dec 22, 1999 7:38 am

CanJet Delays Planned Fleet Expansion

Thu Feb 15, 2001 6:10 am

02/14/01
CanJet Delays Planned Fleet Expansion

CanJet Airlines, a division of I.M.P. Group Limited, announced today that negotiations to finalize lease agreements for an additional three Boeing 737 jet aircraft have reached an impasse. Efforts were focused on obtaining the best possible financial arrangement in order to allow CanJet to continue expansion of the airline’s no frills, every day low fare service.

“We couldn’t reach mutual agreement on several important terms and conditions. With the current Canadian economic climate and a very dynamic competitive environment, some long term fleet flexibility is essential to prudently manage our business,” said Mark Winders, COO, CanJet Airlines. “We will continue to look elsewhere for future growth aircraft. This will give us an opportunity to consolidate our growth and further improve customer service to ensure that we are consistently delivering great value to our guests,” he said.

Accordingly, several schedule changes will take effect March 1, 2001. The flight frequency on the Toronto/Winnipeg route will be reduced and two new non-stop flights Toronto-Halifax will be launched as previously announced.

CanJet has achieved extraordinary growth since beginning operations in May, 2000 with 30 employees. Today, the airline employs over 450 people and since launching service on September 5, 2000 with just two aircraft flying to four cities it has grown to six aircraft serving six cities.

CanJet Airlines continues to be committed to providing every day low one-way fares in their markets. With the solid financial backing of the I.M.P. Group and an internationally proven low cost scheduled carrier business plan, CanJet is focused on becoming the consumers’ choice for no frills, low fare travel in Central and Eastern Canada.

So, what do you think? Is this the beginning of the end for CanJet?

 
JAT
Posts: 1064
Joined: Fri Feb 04, 2000 4:45 am

RE: CanJet Delays Planned Fleet Expansion

Thu Feb 15, 2001 6:20 am

I doubt it, it takes time to establish an airline, there have to be problems and money loss at the beggining.
 
slawko
Posts: 3742
Joined: Tue May 25, 1999 7:40 am

RE: CanJet Delays Planned Fleet Expansion

Thu Feb 15, 2001 6:56 am

I bet it's because they are not sure if they will become the new AC lite....if that does happen, and Chances are pretty good that it will, they will get their 737's from Air Canada......I give it at most 4 months untill we hear something about a merger...
"Clive Beddoe says he favours competition, but his actions do not support that idea." Robert Milton - CEO Air Canada
 
captaingomes
Posts: 6251
Joined: Tue Feb 13, 2001 1:33 am

RE: CanJet Delays Planned Fleet Expansion

Thu Feb 15, 2001 8:44 am

Slawko, quick, let's start an airline fast, in time so that Air Canada can gobble us up, and pay us big money. We'll be RICH!

hehehe, that would be nice, eh?
"it's kind of like an Airbus, it's an engineering marvel, but there's no sense of passion" -- J. Clarkson re: Coxster
 
slawko
Posts: 3742
Joined: Tue May 25, 1999 7:40 am

RE: CanJet Delays Planned Fleet Expansion

Thu Feb 15, 2001 9:21 am

LOL Yeah and we can hire Bill as our only pilot after AC lays him off......  Smile
"Clive Beddoe says he favours competition, but his actions do not support that idea." Robert Milton - CEO Air Canada