Canada´s Jetsgo Ceases Operations, Leaves Thousands Stranded

Canadian low-cost carrier Jetsgo filed for bankruptcy without previous notice and left some 17,000 passengers grounded all across the country. Jetsgo was under a government probe after one of its jetliners crash-landed last January in Calgary.

Founded in 2002 and featuring a payroll of 1,350 employees, Jetsgo was flying to twenty Canadian destinations and ten cities in the U.S. Transport Secretary Jean Lapierre denied the airline´s shutdown had anything to do with the official investigation and blamed it instead on the dog-eat-dog competition involving other low-cost carriers in Canada.

Mr. Lapierre noted there were some security concerns, “yet that was not a reason to hamstring the company´s operations.”

In a press release issued shortly after the airline filed for bankruptcy, Jetsgo President and CEO Michel LeBlanc regretted the inconvenience and stressed that the decision of grounding the planes was a heart-wrenching call.