Jetlines cancels June launch

Canadian startup Jetlines has shelved plans to begin flights in June due to regulatory delays and aircraft acquisition struggles, a development that leaves WestJet's Swoop in position to become the country's first ultra-low-cost carrier. "The key items remaining to commence flight operations are the completion of the licensing process, aircraft acquisition and completion of the financing process," said Jetlines. "At this stage Jetlines is in advanced negotiations with several major aircraft lessors to secure the aircraft required to support both its start-up and growth plans," the company adds. "However, it will not attain a June 2018 start-up date as previously projected." The company may provide a new launch timeline during Q2, it says. "In the interim, Jetlines continues to advance its efforts with personnel recruitment, airport agreements, the licensing process and the financing plan," according to the company. <br/>