Canada Jetlines Ltd. is pleased to announce that it has entered into a subscription agreement with SmartLynx Airlines SIA for financing commitments of up to $15 million.
SmartLynx specializes in full-service ACMI (Aircraft-Crew-Maintenance-Insurance) aircraft lease services and is the leading ACMI provider in Europe for Airbus A320 aircraft. SmartLynx aircraft has been utilized by major airlines including Norwegian, EasyJet, Thomas Cook and TUI.
The net proceeds of the Offering will be used to further the business objectives of Jetlines in launching an ultra-low cost airline carrier in Canada, including advancing the licensing process, augmenting the leadership team with operations and commercial personnel, branding and marketing activities, as well as advance internet, digital media and IT systems initiatives.
In connection with the Offering, Jetlines Operations and SmartLynx will enter into an agreement whereby SmartLynx shall provide ACMI (Aircraft-Crew-Maintenance-Insurance) services to Jetlines operations during the following eight winter seasons. This agreement will allow Jetlines to increase its capacity in the market during the very busy Canadian Winter Season.
In addition, SmartLynx and the Company will enter into a two-year agreement that will provide Jetlines with services and certain proprietary software meant to support Jetlines during the early stage of their operations.
It is expected that the Offering will close on or before December 24, 2018.
In December 2017 SmartLynx signed a long-term damp lease agreement for 2018 with Jet2.com.
According to the agreement between SmartLynx Airlines Ltd. and Jet2.com, SmartLynx will damp lease one 220-seat Airbus A321-200 with Latvian registration mark of YL-LCV (msn 2216) to Jet2.com from May 15, 2018 until October 31, 2018. The aircraft will operate from the base in Birmingham Airport (BHX), UK.
Smartlynx took delivery of YL-LCV on December 15, 2017 from Macquarie Airfinance Acquisitions Ltd. (Ireland).
Aircraft will fly to holiday destinations such as Rhodes, Tenerife, Lanzarote, Larnaca, Palma de Mallorca, Menorca, Ibiza, Malaga, Fuerteventura etc.
SmartLynx had a successful collaboration with Jet2.com in 2017.
In December 2017 SmartLynx Airlines Ltd. signed a long-term wet lease agreement for 2018 with the German leisure airline Condor Flugdienst GmbH.
According to the agreement between SmartLynx and Condor, SmartLynx will wet lease to Condor a 220-seat Airbus A321-200 with the Latvian registration mark of YL-LCQ (msn 2211) from January 7, 2018 to March 31, 2018. The aircraft will operate from the base in Munich Airport (MUC), Germany.
The aircraft will fly to holiday destinations such as Rhodes, Tenerife, Lanzarote, Larnaca, Palma de Mallorca, Menorca, Ibiza, Malaga, and Fuerteventura.
Condor is a new partner of SmartLynx.
In other news, in 2017 SmartLynx introduced a new livery, now applied to ES-SAM.
All photos by SmartLynx.
SmartLynx route map:
Video: YL-LCQ was previously operated for Thomas Cook Airlines:
Windavia (Lisbon) on December 11 flew its inaugural charter flight, the shortest commercial flight in the history of continental Portugal, from Beja to Lisbon and back with the pictured Airbus A320 wet leased from SmartLynx. Windavia has four Airbus A320 aircraft in its fleet and is finalizing contracts for two more aircraft.
The choice of Beja for the inaugural flight of the new charter airline was planned as the owners want to increase tourism to the Alentejo region. The carrier wants to serve Beja with flights from Paris and other French cities. The airline also plans to operate charter flights to Lisbon, Madeira, the Canary Islands, the Greek islands and northern Africa. The company is owned by Pedro Bollinger (49 percent) and unnamed Portuguese investor (51 percent).
Top Copyright Photo: Pedro Baptista/Flyingphotos (all others by Windavia). Airbus A320-214 YL-LCL (msn 533) makes its brief appearance at overcast Lisbon on its inaugural flight.
Astraeus' Boeing 737-76N G-STRH (msn 32737) arrives at Rome (Fiumicino) from Manchester with Manchester United fans for the match with Barcelona. Copyright Photo: Aldo Bidini.
Trawel Fly (Bergamo-Orio al Serio) is a new airline operating from the Milan area (Bergamo and Malpensa) and Verona to holiday destinations such as Olbia, Cagliari, Naples, Catania, Crotone, Crete and Rhodes. Operations commenced on May 30 with a charter flight from Bergamo to Olbia with a leased Astraeus Boeing 737-76N G-STRH (msn 32737) painted in full red, green and white colors of Trawel Fly. Scheduled operations began on June 6 with a Bergamo-Crotone roundtrip. The company also employs SmartLynx Airlines to operate the Milan (Malpensa)-Crotone route and Seagle Air to operate the Verona-Crotone route.