Canada\u0027s Flair Airlines had four aircraft seized on Saturday as a result of a commercial dispute, resulting in flight cancellations.
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Flair issued a statement on Saturday calling the move by “a New York-based hedge fund” to take the aircraft “extreme and unusual.”Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
Company spokesman Mike Arnot says a number of Flair flights were cancelled Saturday morning, but the company has three spare aircraft to backfill those flights. Arnot says passengers travelling in the next 72 hours will either be accommodated on Flair flights or another airline at Flair’s expense if a Flair flight isn’t available.
A person familiar with the matter but who was not authorized to speak publicly about it said the payments for the affected planes were only a few days behind, and that it was a small amount relative to Flair’s overall revenue.… cancelled our flight within 3 hours of take off, Saturday of March break, offered me the next flight… NEXT Saturday.
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