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Thursday, March 23, 2023

Flair Airlines says schedule restored after creditor seized planes

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Service has resumed normally thanks to spare aircraft that Flair Airlines Ltd., which was forced to stop flights when a creditor seized four of its aircraft, stated it would use for the summer.

Four of the low-cost airline’s leased Boeing 737 aircraft were impounded in Toronto, Edmonton, and Waterloo, Ontario, forcing the cancellation of multiple flights over the weekend.

“We didn’t expect this action,” chief executive Stephen Jones said during a press conference on March 13.

Jones said the $1 million in arrears the company had was “not a significant number,” given that it was comparable to the amount of revenue Flair generally generates in a half-day.

According to Jones, the business is currently “100% caught up” on payments.

On March 11, Flair released a statement in which it portrayed the seizure of the aircraft as the result of a “extreme and uncommon” “commercial dispute” with “a New York-based hedge firm.”

Company spokesman Mike Arnot said at the time that a number of Flair flights were canceled that morning, but the company had three spare aircraft to backfill those flights.

“Flair is here to stay,” Jones said.

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