Introduction
Canada Jetlines, the ultra-low-cost carrier, recently announced that it has secured a loan of $1.5 million from a U.S.-based lender. The airline plans to use the loan to support its continued expansion plans and to further its growth strategy.
Canada Jetlines Secures $1.5 Million Loan
Canada Jetlines has announced that it has secured a loan of $1.5 million from a U.S.-based lender. The loan will be used to support the airline’s growth and expansion plans. This is the first of several funding initiatives that the airline has undertaken recently in order to increase its capitalization.
The loan comes with a two-year term and amortization schedule. Canada Jetlines is planning to use the loan to finance its continued expansion plans and to further its growth strategy. The loan will also provide the airline with additional liquidity and will help it to meet its financial obligations.
This is the first of several funding initiatives that the airline has undertaken in order to increase its capitalization. Canada Jetlines has also recently announced that it has secured a $10 million credit facility from a Canadian-based lender. The airline is continuing to actively seek out new funding initiatives in order to support its growth plans.
Financing Will Support Expansion Plans
The loan will be used by Canada Jetlines to finance its expansion plans. The airline is planning to launch its inaugural low-cost flights in 2019 and is currently in the process of obtaining the necessary permits and licenses. The $1.5 million loan will help the airline to finance its expansion plans, which include the launch of various domestic and international flights.
The loan will also provide the airline with additional liquidity and will help it to meet its financial obligations. Canada Jetlines is currently in the process of obtaining the necessary permits and licenses and is continuing to actively seek out new funding initiatives in order to support its growth plans.
Airline Announces Further Growth Strategy
Canada Jetlines has also announced that it has developed a growth strategy that will enable it to become one of the leading low-cost carriers in the country. The airline is planning to launch its inaugural low-cost flights in 2019 and is actively seeking out new funding initiatives in order to support its growth plans.
The airline is also in the process of launching a loyalty program, which will enable customers to earn points when they purchase flights. The airline is also planning to launch a mobile app, which will enable customers to book flights and manage their loyalty accounts.
Conclusion
Canada Jetlines has recently secured a loan of $1.5 million from a U.S.-based lender. The loan will be used by the airline to finance its expansion plans and to further its growth strategy. The airline is also actively seeking out new funding initiatives in order to support its growth plans. The loan is the first of several funding initiatives that the airline has undertaken in order to increase its capitalization.
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