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Jetsgo ceases operations, tells travellers to make other plans
Updated at 0:46 on March 11, 2005, EST.
A ground crew worker guides the first Jetsgo flight arriving at Dorval Airport in Montreal on June 12, 2002. (CP/Paul Chiasson)
MONTREAL (CP) - Discount airline Jetsgo announced early Friday that it is ceasing all operations effective immediately and told stranded passengers to find their own way home.
The company issued the stunning announcement shortly after midnight on Friday. Jetsgo said travellers should make alternative arrangements before heading to the airport since there will be no Jetsgo staff or flights available. The shutdown comes at the start of March break for many school systems across Canada, when hordes of families flock to Florida, Cuba and other sunspots served by the airline - one of the busiest travel times of the year.
Travellers with a return ticket to fly home were told their tickets were no good to make other arrangements.
"We deeply regret that this had to happen. The decision to cease operations was only taken after difficult deliberation," said Jetsgo president Michel Leblanc.
"We are very concerned about our customers and the significant hardship that this action causes. In the meantime, we encourage our passengers to contact their
travel agent or an alternative airline."
Jetsgo had at least 18 flights scheduled to leave Toronto's Pearson's Airport - Canada's transport hub - on Friday morning, including domestic, U.S. and Mexican destinations.
There were at least 10 flights scheduled to land at Pearson on Monday morning from Canadian cities coast to coast.
At the time the company issued its release, its website was active with no note to travellers on the situation.
In its statement, Jetsgo said it would be asking that Quebec Superior Court immediately grant it protection under the Companies' Creditors Arrangement Act.
Jetsgo said that difficult market conditions and competitive pressures led the company to discontinue operations and ground all of its planes.
The company said consumers who have paid for Jetsgo tickets should communicate with the Canadian Transportation Agency.
Leblanc founded the privately held company in June 2002 from the ashes of Canada 3000 Inc., which collapsed after the Sept. 11, 2001, terror attacks battered its business and it faced rising competition.
Leblanc had run a successful charter carrier, Montreal-based Royal Airlines, but he sold it to Canada 3000 and became a senior executive with the expanded company before leaving in a dispute with Canada 3000's management.
The Canadian Press, 2005
that everyone is able to make alternate arrangements to continue on with their travel plans! 
