Flair Airlines seized four aircraft on Saturday in the wake of a commercial dispute with a New York-based hedge fund and aircraft lessor, resulting in flight cancellations, said a spokeswoman for the ultra-low-cost airline. .
The lessor, Airborne Capital Ltd, declined to comment.
Flair, a small, ultra-low-cost airline based in Alberta, said the foreclosure was “extreme and unusual behavior” for late leases and payments have begun.
Two aircraft were seized in Toronto, one in Edmonton and a fourth in Waterloo. The move comes at the start of his busy March holiday travel season in Canada.
“The airline is outraged by this unprecedented action,” a Flair spokesperson said in a statement. has been started.”
The privately owned flair said it would use the additional planes to minimize the impact on passengers, and no major disruptions to its route map are expected.
“We are very sorry that our passengers were affected today and we are taking steps to minimize disruption and get our passengers home,” the spokesperson added.
(Reporting by Nia Williams, British Columbia; Editing by Franklin Paul)
