Key Takeaway:
- Flair Airlines plans to expand its fly to 30 airplanes by mid-2023, more than double the current size.
- The ultra-low-cost carrier says it would lease an extra 14 new Boeing 737 Max jetliners in the next.
Flair Airlines plans to expand its fly to 30 airplanes by mid-2023, more than double the current size, as it strives for a 50-plane fleet in five years.
The ultra-low-cost carrier says it would lease an extra 14 new Boeing 737 Max jetliners in the next year and a half while raising its employee tally to 1,000 from the present 600.
The new planes will come on top of the dozen now on hand and the four already slated for arrival next year.
Flair says the fleet, down to one plane last April, it will be seen that 20 aircraft are flying to Canadian cities ranging from Victoria to St. John’s, N.L., by summer.
The airline, which also flies to U.S. cities and is overgrowing in a sector of renewed competition even during pandemic headwinds as of February to Mexico.
Ultra-low-cost carrier Lynx, formerly Enerjet — announced it would launch commercial routes last month while WestJet budget subsidiary Swoop continues to bulk up, unveiling nine new ways out of Edmonton in November.
“I think that they understood what we recognize, which is the market needs good, ultra-low-cost competition.”
Canada’s airline regulator says it continues to manage financial arrangements between Flair and U.S. private equity firm 777 Partners, which is leasing the airline its new planes. The Miami-based company holds a 25 percent stake in the carrier.
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The foreign ownership on domestic airlines is 49 percent, raised from 25 percent by the Liberal government in 2018.
“In assessing whether Canadians control an airline, the CTA considers several factors, including any implications that may arise from the leasing of assets from non-Canadians,” the Canadian Transportation Agency said in an email.
Flair has 58 percent Canadian ownership, Jones stated.
“I’m comfortable that Flair Airlines is fully compliant,” he told reporters on a conference call Tuesday.
Source-CTV News
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