Canada Jetlines Operations Ltd (TSE:CJET) has released an update.
Canada Jetlines Operations Ltd., a Canadian leisure airline, secured a $2 million loan from an independent third party to repay existing debt and bolster general corporate finances. The loan, to be disbursed in increments and expected to be fully advanced by July 2, 2024, carries a 12% annual interest rate and matures on October 31, 2024. This financial move aims to support Canada Jetlines’ growth and operational needs without diluting current shareholders’ investments.
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