Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines”) is pleased to announce that Mr. Percy Gyara has been appointed as Chief Financial Officer of Canada Jetlines effective March 28, 2022. Mr. Gyara is globally experienced senior Finance Leader with a successful career of 25 plus years spanning North America, India and Mid-East.

Mr. Gyara has extensive finance and operation experience in the airline and travel sector in North America. He started with a Canadian charter operator Skyservice Airlines. His most recent roles include VP Finance at Sunwing Travel Group, the largest travel company in North America. Mr. Gyara has earned Certified General Accountant (CGA) from Canada and he is a Chartered Accountant (CA) from India.

Mr. Gyara will be replacing Barbara Syrek who is pursuing a new opportunity. As CFO, Mrs. Syrek was instrumental in setting up several financial systems that are critical to the airline as it approaches its launch date. Her work ethic and experience in airline industry have been a great benefit to Canada Jetlines and the Board thanks her for her service.

Canada Jetlines also advises that it has postponed the planned launch of the arrangement with Global Crossing Airlines (“GlobalX”) for the sale of spring charter flights to Florida. The launch was delayed to evaluate the impacts from the onset of the omicron variant and the travel advisory from the Canadian government. The two companies are now evaluating options for the next winter period to address what is anticipated to be an extremely busy travel season.

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