September 18, 2018 – Canada Jetlines Ltd. (TSX-V: JET) (the “Company” or “Jetlines”) is pleased to announce that the Company has signed a definitive agreement with Radixx International, Inc. (“Radixx”), a world-class technology company as its Reservation System provider.
Radixx newest reservation system Radixx Res, includes a booking engine that allows the Airline to manage all passenger bookings, and a customized website and mobile application that will allow customers to make their bookings paying only for the services they want to receive.
The Radixx platform uses innovative and cost-effective solutions that strongly align with the ultra-low cost business model. In addition, its flexibility, ability to scale, and ability to offer unique merchandizing tools made Radixx a clear partner of choice for Jetlines. These features will allow Jetlines to operate at maximum efficiency in order to minimize costs throughout all points of the customer journey, giving the Company a competitive cost structure to attract and retain future customers.
“We are very excited to announce this strategic partnership with Radixx. This is a very important milestone for Jetlines; it is the foundation of our all our commercial systems,” stated CEO, Javier Suarez. “Their new reservation system offers a full suite of services including a new responsive website and mobile application tailored to the needs of our customers, all while allowing Jetlines to maintain the necessary low-cost structure needed to provide our customers with ultra-low airfares.”
John Elieson, Radixx CEO, commented “Radixx is committed to being a valued partner of Jetlines. We’ve been impressed by the accomplished management team and their business plan, and look forward to partnering with them.”
Jetlines also announces that it will grant 500,000 Restricted Share Units (“RSUs”) to certain directors and officers. The RSUs vest over a two-year period from the date of grant, with one half vesting at the end of each year during the two-year period.