Two years ago, aspiring start-up Jetlines announced its intention to become Canada’s first ultra low-cost carrier (ULCC). When the airline officially takes off—its time frame is mid-2019—it is likely to be sharing the skies with at least two other ULCCs that have very similar strategies and perhaps more important, significant head starts. Whether Canada can support multiple ULCCs plus other hybrid low-cost carriers, including Air Canada’s Rouge subsidiary—now ...

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