Canada Jetlines targeting definitive agreement for leased aircraft before end of 2Q2018

Canada Jetlines concluded (08-May-2018) a term sheet on 23-Apr-2018 to lease A320 aircraft, making a deposit payment of USD876,000. The term sheet is subject to executing a definitive lease agreement and other conditions customary to a transaction of this nature. Once a definitive lease agreement is complete, the carrier plans to provide new guidance on its projected start up date and aircraft delivery schedule. Canada Jetlines is targeting a lease agreement before the end of 2Q2018. [more - original PR]