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Flair Airlines plane seized for non-payment, available for lease

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A Flair Airlines 737 MAX 8 jetliner takes off from Vancouver International Airport in October 2022.Bain Stanley/The Canadian Press Four Flair Airlines jets seized for non-payment of rent are on the market for lease. The owners of the planes, Dublin-based Airborne Capital, posted the Boeing 737s — three nearly new Max 8s and a 13-year-old … Read more

The Fallout of Silicon Valley Banks, a Real Estate Market Correction, and Tax Filing Tips: Must-Read Business and Investing Stories

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The closure of Silicon Valley Bank sent shockwaves through global markets and triggered a reassessment of future interest rate paths by central banks, including the Bank of Canada.View RUVIC/Reuters Caught up for a week away? Here’s your weekly digest of the world’s most important business and investing stories, featuring insights and analysis from the pros, … Read more

Flair CEO warns staff of change in plans after plane is seized

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A Flair Airlines 737 MAX 8 jetliner takes off from Vancouver International Airport in Richmond, British Columbia, on October 28, 2022.Bain Stanley/The Canadian Press Chief executive Stephen Jones said Flair Airlines would make unspecified changes to its summer schedule after four of its planes were impounded last week for non-payment of rent. Mr. Jones told … Read more

Flair sues lessors to seize planes after airlines default on rent

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This undated handout photo from Fort Lauderdale Airport shows a Flair Airlines plane.arrive Troubled Flair Airlines is suing a lessor and others four planes seized After Edmonton-based discount airline collapses rent arrears. In a statement of claim dated March 14, Flair said Airborne Capital and four other companies conspired to repossess four Boeing 737 Max … Read more

Flair Airlines was months behind on payments before plane was seized, lessor says

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The leasing company that seized four Flair Boeing 737s over the weekend said it would only do so after the Edmonton-based budget airline “regularly” defaulted on millions of dollars in payments over a five-month period. Lessors, Dublin’s airborne capital, team up with bailiffs take back Four in Flair 19 jets late friday Airports in Edmonton, … Read more

Flair Airlines CEO tries to reassure staff and customers after non-payment leads to plane seizure

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A Flair Airlines Boeing 737-800 jet takes off from Vancouver International Airport in Richmond, British Columbia. The airline’s chief executive wants to reassure customers that the airline is still alive after four of its 737s were seized .Bain Stanley/The Canadian Press The chief executive of Flair Airlines is trying to reassure customers and employees that … Read more

Flair Airlines seizes four planes after failing to pay leasing companies, leading to several flight cancellations

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The Flair Airlines flight arrived in Edmonton on April 23, 2022.Megan Alb/The Globe and Mail An aircraft lessor seized four unpaid planes operated by Flair Airlines on Saturday, leading to the cancellation of several flights on the discount carrier at the start of the busy March holiday travel season. Dublin-based Airborne Capital Ltd. worked with … Read more

Video: How Canada is contributing to NORAD as it monitors skies over North America

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The recent discovery of objects over North America, including a Chinese balloon, has put NORAD in the spotlight. Learn how Canada is an integral part of NORAD’s mission to monitor and protect the skies from current and future threats. Globe and Mail Source link