Canadian low-cost carrier Jetsgo has ceased operations and was last week expected to file for court protection from creditors.
"Given difficult market conditions resulting from competitive pressures in the Canadian airline industry, Jetsgo has determined that, in the circumstances, it is prudent and responsible to discontinue its operations and ground its aircraft," the Montreal-based carrier says.
The airline, which employs 1,350 people, says it will ask the Quebec Superior Court to grant it protection under the Companies' Creditors Arrangement Act, which "will allow Jetsgo to consider all options available to reorganise its affairs". Its fleet includes more than 30 Boeing MD-82/83s and Fokker 100s.