Flair Airlines

The low-cost airline's licences that allow it to fly in Canada were in question due to the influence of U.S.-based investor 777 Partners LCC.

The airline had until May 3 to prove it is Canadian, and now CTA says that it passed the test. Canadian legislation allows no more than 49 per cent ownership of a Canadian airline by foreign entities. “‘The question has been answered.”

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.

Le transporteur à rabais Flair Airlines est autorisé à conserver sa licence après que l'Office des transports du Canada a conclu mercredi que la compagnie.

Selon le PDG de Flair, la société est constituée en Colombie-Britannique et 58 % des actions avec droit de vote appartiennent à des Canadiens. Au printemps, Stephen Jones a déclaré que l’accord unanime des actionnaires de Flair ne montrait pas le contrôle canadien “assez explicitement”. Le transporteur à rabais Flair Airlines est autorisé à conserver sa licence après que l’Office des transports du Canada a conclu mercredi que la compagnie “est canadienne”. Pour être une compagnie aérienne nationale titulaire d’une licence, Flair Airlines doit être constituée au Canada et au moins 51 % des actions avec droit de vote doivent être détenues et contrôlées par des Canadiens, selon l’OTC.

La compagnie aérienne canadienne Flair Airlines satisfait aux règles de propriété du pays, a déclaré mercredi l'Office des transports du Canada (OTC), ...

L'agence a déclaré dans un communiqué que Flair "a répondu aux préoccupations" qu'elle avait soulevées en mars. Auparavant, l'agence avait mis en doute le contrôle de 777 sur le conseil d'administration du transporteur et la dépendance de Flair vis-à-vis de 777 pour le financement et la location d'avions. L'agence, qui veille à ce que les transporteurs canadiens soient majoritairement contrôlés par des Canadiens, s'est demandé en mars si Flair, dont le siège social est situé en Alberta, répondait aux exigences du pays en matière de propriété en raison de l'influence de l'investisseur américain 777 Partners LLC, qui détient une participation de près de 25 %.

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.

The Edmonton-based airline was under review by the transportation regulator over concern an American shareholder, Miami-based 777 Partners, exerted too much ...

UPDATED UPDATED UPDATED UPDATED UPDATED The Bank of Canada has hiked its key overnight interest rate by 50 basis points to 1.5 per cent and will also continue quantitative tightening. If you're in the market for a mortgage, here's some advice on what to consider when deciding which type to opt for. UPDATED UPDATED Although the board has been expanded to nine chairs, 777 Partners will continue to fill only two. And we're here to win." It also restructured its debt with 777 Partners, which it says it took on during the pandemic when it did not qualify for bail-out funding from the Canadian government.

After a months-long review process, the Canadian Transportation Agency has issued its final determination in a contentious case that could have cost Flair ...

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Discount airline, Flair, is now clear for takeoff out of Windsor following a regulatory review.

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