Jetlines is a standing joke in Canada.
They've been talking the big talk for about three years now and it's amounted to absolutely nothing.
If they had:
1. A coherent plan and
2. A management team with a collective IQ
north of today's temperature,
they'd have been able to raise all kinds of capital through the usual sources.
Now they are working with Konokis who's experience with successful startups and a nickel will get you 5 shiny pennies.
Konokis was the genius behind New Leaf who lasted 9 days in the market before Flair Air walked on the deal because of its inherent stupidity.
New Leaf blamed the situation on a "CTA
issue" which was complete nonsense. All parties agreed to blame the CTA
and let the thing drift into oblivion. New Leaf won't be heard from again. It's been almost two months. Heard any New Leaf rumors recently?
Besides, raising foreign ownership to 49% applies to all. Capital would pour in to WS
, resulting in an even tougher competitive landscape for any new entrant.