Tuesday,  June 25, 2019  7:33 am

And then there were four: Enerjet enters the ULCC market

  • Air
  •   12-21-2018  10:10 am
And then there were four: Enerjet enters the ULCC market

Canada’s ultra-low cost carriers will be joined by a fourth player in 2019, as charter airline Enerjet prepares to enter the market.

An investor group - led by WestJet founder Tim Morgan – announced yesterday that they plan to launch the service next year, the result of a “rebranded, expanded and transformed” Enerjet. In addition to Morgan, who will serve as the company’s CEO, the investor group consists of a consortium of Canadian investors and Indigo Partners, LLC, a private equity firm specializing in the aviation industry, with investments in several airlines worldwide, including Singapore-based Tiger Airways and Florida’s Spirit Airlines.

“We are extremely pleased to have the backing of leading Canadian investors and our partners at Indigo,” said Morgan. “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.”

While specific routes are yet to be announced, Enerjet said that it “will offer a simple, ultra-low-cost fare structure and an extensive network of destinations across Canada and into the U.S.” operated by the airline’s Boeing 737 Next Generation aircraft.