Jetlines Commences Legal Proceedings Against WestJet Co-Founder David Neeleman and Affiliates
November 22 2019 - 8:00AM
Canada Jetlines Ltd. (
JET: TSX-V; JETMF: OTCQB)
(the “
Company” or “
Jetlines”)
announces that the Company has commenced legal proceedings in the
United States District Court (District of Connecticut) against
David Neeleman, DGN Corporation and Breeze Aviation Group, Inc. for
tortious interference with business expectancy and violation of the
Connecticut Unfair Trade Practices Act. The case is No.
3:19-cv-01850.
The Complaint and any subsequent filings in the
case will be available for public viewing on the US federal courts’
PACER system, usually within 24 hours of their docketing. The
system can be accessed here:
https://pcl.uscourts.gov/pcl/index.jsf. A copy of the Complaint is
also available at
https://jetlines.com/_resources/Complaint-Action-no-01850.pdf.
Jetlines will make further announcements on the case in due
course.
About Canada Jetlines Ltd.
For more information on Jetlines, please visit our website at
www.jetlines.com.
ON BEHALF OF THE BOARD
"Mark J. Morabito"Executive
Chairman
Canada Jetlines is part of the King & Bay
group of companies. King & Bay is a merchant bank that
specializes in identifying, funding, developing and supporting
growth opportunities in the resource, aviation, and technology
sectors.
For more information, please contact:Toll Free:
1-833-226-5387Email: investor.relations@jetlines.com
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, statements with
respect to the details of the legal proceedings described in this
press release.
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 " 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 commence
airline operations, the accuracy, reliability and success of the
Jetlines’ business model; the timely receipt of governmental
approvals; the timely commencement of operations by Jetlines and
the success of such operations; the legislative and regulatory
environments of the jurisdictions where the Jetlines will carry on
business or have operations; the impact of competition and the
competitive response to the 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, 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 the necessary licenses and
permits; and the additional risks identified in the "Risk Factors"
section of the Company's reports and filings with applicable
Canadian securities regulators. There is no assurance that the
closing of the Offering will occur. Although the Company has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking information, there may be other
factors that cause actions, events or 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 or
revise any forward-looking information.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed or accepts
responsibility for the adequacy or accuracy of this
release.
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