Published on : Wednesday, December 26, 2018
Tim Morgan led investor group will launch a Canadian ultra-low-cost-carrier (ULCC) service in 2019 bringing affordable, low-cost air travel to Canadians. Enerjet will offer a simple, ultra-low-cost fare structure with an extensive network of destinations across Canada and into the US.
The project is supported by a consortium of Canadian investors and Indigo Partners, LLC, a leading private equity firm specializing in the aviation industry.
Mr. Morgan said: “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”. He will serve as will serve as Chief Executive Officer. He believes that 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. Mr. Morgan has deep expertise and experience in the Canadian aviation market.
Bill Franke, Indigo’s Managing Partner opines that this ultra low-cost alternative to expensive ones will increase the size and competitiveness of Canada’s domestic and international aviation market.