Canada Jetlines has ceased operations after its inaugural flight took off only two years ago in 2022. The company said on August 15, 2024 that it has failed to secure the required capital to continue operations. The airline's CEO Brigitte Goersch had resigned only three days earlier on August 12, 2024, along with board members Ryan Goepel, Beth Horowitz and Shawn Klerer all resigning. ""The continuing operations of the Company have been dependent upon the company's ability to raise adequate financing and to grow the airline to the point where it can commence profitable operations,"" it read in a statement on August 12. ""The company has historically financed its future requirements through a combination of debt, equity or other facilities."" It added at the time that it would need to raise additional capital in order to continue operations. The airline had a fleet of four A320 and had forecast to grow to 15 aircraft by 2025.
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