Canada Jetlines terminates amalgamation agreement with Inovent Capital

Canada Jetlines terminated (06-Feb-2015) its previously announced amalgamation agreement with Inovent Capital. Jetlines plans to continue to pursue its business and growth objectives and the "opportunities that are available to it." The start-up carrier's CEO Jim Scott noted, "We continue to believe that our business model represents an attractive value proposition for both investors and price-sensitive passengers and this is supported by parties that we have spoken to. Jetlines will pursue other compelling opportunities available to it and we look forward to commencing operations in the near term." [more - original PR]