Flair

It's the moment Canadians have been waiting for for the past two months. The Canadian Transportation Agency (CTA) has issued its final determination on ...

The situation with the CTA has also not had any effect on Flair’s goal to get to 50 aircraft in five years. . . . Accordingly, the Agency finds that, as Flair meets the incorporation and voting interest requirements and that Canadians control in fact Flair, Flair is Canadian.” All that has changed is that the uncertainty about our status as Canadian has been removed.” During a June 1 press conference held by Flair, CEO Stephen Jones said: “Though we never doubted it . . . we’re thrilled to receive the positive decision today from the CTA, which reinforces that Flair is a Canadian airline. Earlier this year, the CTA raised concerns that too much of Flair’s operations were controlled by American interests. The Canadian Transportation Agency (CTA) has issued its final determination on ultra-low-cost carrier, Flair Airlines.

777 has members sitting on the board of directors for Flair Airlines, and also gave Flair financing, as well as leased planes to them. “The situation that we ...

“Consumers can take great confidence on the back of the CTA that Flair is a Canadian airline, and so that uncertainty, which has been played on, I think, disingenuously by many of the other competitors, has been played on, and created that uncertainty in consumers minds.” “The situation that we have been through in the last two months is going through is going through with the CTA all the concerns that they raised with us about our position,” said President and CEO of Flair Airlines Stephen Jones. Flair Airlines has been determined as Canadian after the Canadian Transportation Agency (CTA) investigated the company after some concerns related to one of their shareholders and aircraft leases.

The Canadian Transportation Agency says Flair Airlines is Canadian. The ruling means the Edmonton-based upstart carrier can keep its operating licence.

Jones said Wednesday the airline has informed the CTA that going forward, a portion of its leases will be stand-alone with no links whatsoever to 777. "Ourselves and 777 Partners have made significant concessions and changed things to make sure our position is without doubt — we are a Canadian airline." That put Flair's relationship with Miami-based investor 777 Partners under the microscope. But Jones suggested opposition is a "natural reaction" to the competitive threat he believes Flair poses to the industry. In a preliminary determination in March, the CTA found Flair may not be "controlled in fact" by Canadians and said 777 Partners holds a "dominant"' influence over the carrier. In its determination Wednesday, the regulator stated Flair has in fact done just that, by rejigging the composition of its board so that at least half of the directors will be Canadians. In addition, 777 Partners will no longer hold any unique shareholder rights.