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Canadian airline Jetsgo ceases operations; 17,000 stranded

Saturday, March 12, 2005

Jetsgo, Canada's third largest airline, has ceased all operations because of spiralling oil prices and a federal safety investigation.

The low-cost carrier had been expanding rapidly in recent months, having added four new routes in December alone. However, the sharp increase in oil prices has forced the airline to ground all flights. The airline, which has 1,200 employees and 29 planes, lost C$55 million (US$49 million) in the past 8 months alone.

The move has stranded over 17,000 passengers across its routes. A spokesperson from Canada's transport department commented, "They'd grown too fast and it was putting strains on senior management."

No arrangements were made with Air Canada or other airlines to take care of their customers. The Air Canada web site stated that "no arrangements were made by Jetsgo that would enable Air Canada to accept Jetsgo tickets."

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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.

The text of this article is licensed under the terms of the Creative Commons Attribution 2.5 License
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