VANCOUVER — Flair Airlines is looking for partners to inject fresh capital into the discount carrier in order to 'restructure' its finances and build out its fleet.
VANCOUVER — Flair Airlines is looking for partners to inject fresh capital into the discount carrier in order to"restructure" its finances and build out its fleet.
"What we're really looking at is restarting our growth ambitions and finding strategic equity partners who are going to help us get onto that level," Tanner said in an interview.He was quick to add that the investor hunt is not a"pressing need" and the business itself is not undergoing restructuring, having turned a profit in July and August.
Flair has confronted its fair share of financial turbulence since its inaugural flight took off in 2017. Then-CEO Stephen Jones told The Canadian Press in January he was suspending expansion plans as Flair contended with plane delivery delays and significant debts.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Flair Airlines seeks investors to ‘restructure’ finances and grow fleetVANCOUVER — Flair Airlines says it is looking for partners to inject fresh capital into the budget carrier in order to 'restructure' its finances and build...
Read more »
Flair Airlines seeks investors to ‘restructure’ finances and grow fleetVANCOUVER — Flair Airlines says it is looking for partners to inject fresh capital into the budget carrier in order to 'restructure' its finances and build out its fleet.
Read more »
Canada’s struggling Flair in talks to restructure balance sheetCanada’s Flair Airlines Ltd. is in talks to raise funds that would help ease the debt burden at the budget carrier beset by aircraft repossessions, back taxes and a financial backer accused of fraud.
Read more »
Flair Airlines just launched $1 international base fares on flights to TorontoCanada's ultra-low-cost carrier, Flair Airlines, has just announced $1 base fares, so you might want to start planning your next trip. The initiati...
Read more »
Stranded in Dominican Republic by Flair Airlines: womanAn Ontario woman accompanying her daughter’s grad trip to the Dominican Republic said her group was left stranded after Flair Airlines cancelled their flight back to Toronto due to bad weather.
Read more »
Ontario woman says she was left stranded by Flair Airlines in Dominican RepublicAn Ontario woman accompanying her daughter’s grad trip to the Dominican Republic said her group was left stranded after Flair Airlines cancelled their flight back to Toronto due to bad weather.
Read more »