Canada Jetlines CEO Significantly Increases Share Position

JET:TSX-V

Stan Gadek only stepped into his role as CEO on June 1st of this year, and he’s wasting little time in building a material position in what will be Canada’s first Ultra Low-Cost Carrier airline.

In a clear affirmation of his belief in the future, during July Mr. Gadek purchased 500 thousand shares at $0.20 each and has just acquired an additional 1.9 million shares in a private purchase from the company’s former CEO. Mr. Gadek now owns 2.4 million shares and has made a significant capital investment.

He is now the single biggest insider shareholder right behind Executive Chairman Mark Morabito who owns just over 2.6 million shares. Dixon Lawson who is VP of Strategic Planning and Cost Control also owns a healthy position of 1.22 million shares.

To review Mr. Gadek’s previous highly successful career in the U.S. airline industry as well as  view his interview on BNN TV the day after his official appointment, please click here.