TORONTO — Canada Jetlines has entered into a non-convertible term loan agreement for a $1.5 million loan from Roosheila Group Inc.
The lender is a holding company for Reg Christian, a director of the airline.
Canada Jetlines says it intends to use the net proceeds of the offering and the loan for aircraft acquisition, general corporate and working capital purposes.
In other news, according to reports in Florida Today and Space Coast Daily, Canada Jetlines has postponed for a second time its flights linking Toronto Pearson and Melbourne, Florida.
The route was originally scheduled to start Jan. 19, and was then pushed back to Feb. 16. According to the reports, Melbourne airport officials announced the open-ended second postponement.
