New Canadian Budget Airline Hits Target

Canada today saw a new low cost carrier take-off as Jetsgo made its first flights out of Toronto and Montreal and filled most of its seats.

“Today our load factor is over 73 percent,” said Michel Leblanc, the airline`s President and Chief Executive Officer. “When we launched two weeks ago, we predicted we would need a load factor of 70-75 percent to make Jetsgo economically viable. And on the first day of operation, we have made that goal a reality.”

Today`s inaugural flights saw Jetsgo make three return flights between Montreal and Toronto, and return flights from Toronto to Vancouver, Winnipeg and Halifax.