Mr. Percy Gyara reports

CANADA JETLINES REPORTS STRONG OPERATIONAL PERFORMANCE IN AUGUST 2023 AND PARTICIPATION IN IRLABS INVESTOR ROADSHOW

Canada Jetlines Operations Ltd. has provided an update on recent initiatives and participation in the irlabs investor road show across Canada.

Recent operational and financial highlights:

• New record of hours flown in August, 2023, with 736 block hours flown in the month following previous record of 622 block hours established in July, 2023;
• Took delivery of its third Airbus A320 aircraft;
• Reported total operating revenue for Q2 2023 of $8.8-million, a 72.8-per-cent increase over Q1 2023;
• Announced expanded winter flight schedule between Toronto and Montego Bay, Jamaica, and Orlando -- in addition to existing services to Cancun, Mexico and Las Vegas.

"We are making great strides and are pleased with our strong operational performance achieved this summer. As we head into the fall and winter months, we look forward to continued momentum as we expand our service into new sunny destinations. We have a great story to share and are committed to expanding our visibility and engaging with investors from coast to coast as the company continues on its growth trajectory."

irlabs investor road show

The company will be participating in the irlabs investor road show, starting with a virtual presentation on Sept. 13, 2023, followed by a four-city in-person road show spanning Vancouver, Calgary, Toronto and Montreal.

Management will be visiting all four cities in person and looks forward to connecting with the investment community. To book a meeting, please reach out to investor.relations@jetlines.ca.

About Canada Jetlines Operations Ltd.

Canada Jetlines is a value-focused leisure airline that flies to high-demand sunny destinations. Canada Jetlines' three revenue streams offer diversified growth potential: passenger revenue, chartered/ACMI (aircraft, crew, maintenance and insurance) flights and Jetlines vacations. Jetlines vacations expand cash flow through ancillary revenue streams, including hotels, land, cruise, transfer and insurance plus destination co-operative marketing support. Currently operating three Airbus A320s, Canada Jetlines is targeting to reach a fleet of 15 aircraft by 2025.

We seek Safe Harbor.