Four executives, including CEO, resign from Canada Jetlines as airline seeks funding

Big news from Canada Jetlines. According to an Aug. 12 press release, Brigitte Goersch, Ryan Goepel, Beth Horowitz and Shawn Klerer have all resigned from the Toronto-based airline. 

Ms. Goersch has also resigned as Chief Executive Officer.

"The continuing operations of the company have been dependent upon the company's ability to raise adequate financing and to grow the airline to the point where it can commence profitable operations," reads a company statement.  "The company has historically financed its future requirements through a combination of debt, equity or other facilities. As a result, the company will need to raise additional capital to continue operations." 

The airline said its board of directors and management is "actively working on potential sources of additional capital." 

Additional details will be provided once available, the company said, noting that "at this time the airline is continuing operations."

This is a developing story.

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