CANJET AIRLINES, a four-year-old company that tried to take business from Canada's two big carriers, has grounded its scheduled service, blaming high fuel costs, rising landing fees and stiff competition. The move by CanJet, a unit of privately held IMP Group, leaves a gap in domestic flight services, especially in Atlantic Canada, and represents the latest in a series of failed attempts at establishing major discount carriers. In the past decade, names such as Greyhound Airlines, Canada 3000 and Jetsgo have come and gone. Halifax, Nova Scotia-based CanJet, which has been flying to 14 Canadian and US cities with a fleet of 10 Boeing 737-500 jets, said it will offer new travel arrangements or refunds for anyone booked on its flights after September 10.
http://www.canjet.com/