Canada Jetlines (AU, Toronto Pearson) has applied to the US Department of Transportation for a Foreign Air Carrier Permit and exemption authority to operate scheduled and charter flights between Canada and the US. The application comes ahead of the start-up's planned first flights between Toronto Pearson and Calgary on September 22

In the application, Canada Jetlines says it is "developing relationships" with Melbourne, FL and Sarasota/Bradenton for a Florida service. The airline says that its key personnel possess substantial business and aviation experience and that it has the financial resources necessary to serve the US safely and without undue risk.

Canada Jetlines only secured its air operator's certificate in August, forcing it to delay its launch. It leases a single A320-200 from Jackson Square Aviation, but has ambitions to grow its fleet to 15 aircraft by 2025.

Meanwhile, for the second time in less than a month, Canada Jetlines is raising additional financing. The airline intends to undertake a non-brokered private placement to raise between CAD1.2 million and CAD1.5 million Canadian dollars (USD0.91-1.14 million). This follows Canada Jetlines securing a CAD1 million (USD760,000) loan from the Roosheila Group in August.

The carrier says it expects that its founding shareholder and parent company Global Crossing Airlines Group Inc as well as its senior executives and managers will participate. Lower-level employees are also encouraged to participate and are being offered one complimentary common share for every six shares purchased.

The airline also revealed it had secured a CAD130,000 (USD99,750) dollar loan from an undisclosed lender. The unsecured loan carries a 7% per annum interest rate and matures six months after the loan was entered into, with the option to renew for an additional six months if both parties agree. In March 2022, Canada Jetlines raised USD6 million dollars after selling stock purchase warrants and debentures bearing an annual interest rate of 15%.

In an update provided to the US Securities and Exchange Commission (SEC) on August 15, Global Crossing Airlines Group, said that as of June 30, 2022, it had a working capital deficit of USD14,029,247 dollars and a retained deficit of USD33,807,466 dollars. However, the company added that it expects to see over USD90 million in revenue as it adds additional aircraft and launches cargo operations later in the 2022 financial year.