Flair Airlines is accusing a financial services firm of withholding about $25 million in funds from the company.
The budget airline says in a press release that Peoples Trust has"played a crucial role in facilitating the regular transfer of funds to Flair Airlines" for over a year.Flair CEO Stephen Jones says in the release that the airline has tried to resolve the issue amicably, but it plans to pursue a resolution through legal channels.
He says Flair has already implemented an existing alternative payment processing system to avoid disruptions to travellers. Peoples Group, which Peoples Trust is a part of, did not immediately respond to a request for comment.
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