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This is the email that Jetsgo president Michel Leblanc sent to all employees earlier today:
Dear colleagues,
For myself and the management team, the decision to cease Jetsgo's operations has been extremely difficult to make. It was taken only after all other options had been exhausted.
Unfortunately, one creditor in particular that has the power to stop all Jetsgo operation at once, exercised extreme pressure on our cash reserves last Monday, although aware of the disastrous consequences of such a drastic action would have for each and every one of you. You don't deserve this.
To the contrary, I want to congratulate you for the part you played to build Jetsgo, to thank you for all the efforts that our growth required and also to wish you the best possible future.
Right now, we are making every effort to minimize your loss of employment. I wish it will be short and temporary.
Again, many thanks!
Michel Leblanc
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