Canadians will have another discount carrier to choose from starting this year.
Enerjet, a licensed Canadian carrier, will be rebranded, expanded and transformed into a more affordable travel option for travellers. Currently, the charter airline is based in Calgary – it commenced operations with Boeing 737 Next Generation aircraft in November of 2008.
Now, an investor group led by Tim Morgan will launch the “ultra-low-cost carrier” service in 2019. As the former CEO of WestJet, Morgan has extensive experience in the aviation market. He believes that the introduction of a low-cost alternative will enhance competitive pricing in both the domestic and trans-border aviation market.
“We believe there are millions of Canadians who would jump at the chance to have a simple, safe, and affordable alternative to the sky-high costs of air travel,” said Mr. Morgan, who will serve as Chief Executive Officer.
“We are extremely pleased to have the backing of leading Canadian investors and our partners at Indigo. Together, this group has the financial capacity, experience, and operating expertise to transform Enerjet into a world-class, ultra-low-cost airline that will bring increased choice and competition to the Canadian market.”
The investor group also includes TorQuest Partners, one of Canada’s leading mid-market private equity firms, Claridge Inc. and Stephenson Management Inc.