An investor group has announced plans to launch a rebranded Energet as a Canadian ultra-low-cost-carrier (ULCC) in 2019, the company said.
The carrier is backed by significant financial commitments led by former WestJet director Tim Morgan and including a consortium of Canadian investors and Indigo Partners, LLC.
Enerjet, a licensed Canadian carrier, will be rebranded, expanded and transformed into an affordable air-travel choice for Canadian travelers. This Canadian ULCC will offer a simple, ultra-low-cost fare structure and an extensive network of destinations across Canada and into the US.
Enerjet is a licensed Canadian charter airline based in Calgary that commenced operations with Boeing 737 Next Generation aircraft in November of 2008.
The investor group is led by a consortium of established Canadian investors. In addition to Tim Morgan, the consortium includes TorQuest Partners, one of Canada´s leading mid-market private equity firms, Claridge Inc. and Stephenson Management Inc.
Indigo is the world´s leading investor in ULCC´s with a successful track record as the lead investor in Tiger Airways, based in Singapore, and Spirit Airlines, based in Ft. Lauderdale, Florida. Indigo also maintains lead investments in Wizz Air Holdings, Plc, a ULCC with multiple bases in Central and Eastern Europe; Frontier Airlines, a ULCC based in Denver; Volaris Airlines, a ULCC based in Mexico City; and JetSMART, a ULCC based in Chile.