4 Flair Airlines planes seized amid ‘extreme’ action in commercial dispute
say four of its planes are “not operational” after “extreme and unusual” actions by a U.S.-based lessor to seize the aircrafts amid a commercial dispute.
In an emailed statement to Global News Saturday, a spokesperson for Flair Airlines said a “commercial dispute” with a New York-based hedge fund and lessor had affected four of its planes. “Flair Airlines is aware of extreme and unusual actions taken by a New York-based hedge fund and lessor of certain Flair Airlines aircraft,” the spokesperson said.The spokesperson added that the airline was involved in ongoing communications with the company and “payment has been initiated.
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