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ScanFlyer Mile High Club
Jetsgo founder plans revival
(Source : Globe and Mail, March 30, 2005)
Jetsgo founder Michel Leblanc has devised detailed plans to get his insolvent carrier back in the air this summer, relying on aircraft sales to slash debt and counting on eight leased planes for the revival. Less than three weeks after leaving thousands of travellers stranded, Leblanc has crafted an ambitious timetable to resurrect the airline, setting June 25 as the target for a rejuvenated Jetsgo's first flights using leased Boeing MD-83s, sources said yesterday. Leblanc confirmed yesterday that he and his management team are preparing plans to resume operations beginning in the busy summer season with a slimmed-down airline, but he declined to comment on specific target dates. He said the silver lining from the bad publicity for Jetsgo is that Canadian consumers know the brand instantly, so the challenge will be to market a comeback theme. Leblanc, who hopes to persuade creditors and consumers to give him another chance, said he expects that Jetsgo will sell off the 15 Fokkers and liquidate other assets under the supervision of court-appointed monitor RSM Richter Inc. The Jetsgo president said no decision has been made yet on whether to change Jetsgo's name and whether the restructured business should be a chartered or commercial carrier.
Full Story: http://www.theglobeandmail.com/servlet/story/RTGAM.20050330.wxjetsgo0330/BNStory/Business/
(Source : Globe and Mail, March 30, 2005)
Jetsgo founder Michel Leblanc has devised detailed plans to get his insolvent carrier back in the air this summer, relying on aircraft sales to slash debt and counting on eight leased planes for the revival. Less than three weeks after leaving thousands of travellers stranded, Leblanc has crafted an ambitious timetable to resurrect the airline, setting June 25 as the target for a rejuvenated Jetsgo's first flights using leased Boeing MD-83s, sources said yesterday. Leblanc confirmed yesterday that he and his management team are preparing plans to resume operations beginning in the busy summer season with a slimmed-down airline, but he declined to comment on specific target dates. He said the silver lining from the bad publicity for Jetsgo is that Canadian consumers know the brand instantly, so the challenge will be to market a comeback theme. Leblanc, who hopes to persuade creditors and consumers to give him another chance, said he expects that Jetsgo will sell off the 15 Fokkers and liquidate other assets under the supervision of court-appointed monitor RSM Richter Inc. The Jetsgo president said no decision has been made yet on whether to change Jetsgo's name and whether the restructured business should be a chartered or commercial carrier.
Full Story: http://www.theglobeandmail.com/servlet/story/RTGAM.20050330.wxjetsgo0330/BNStory/Business/
