Flair missed 'millions' in payments on seized planes, leasing company says
BNN Bloomberg
The leasing company that seized four planes from Flair Airlines over the weekend said Tuesday the carrier routinely missed payments over the past five months.
Flair found itself down by more than a fifth of its fleet after the Boeing 737 Maxes were confiscated by Airborne Capital Inc. on Saturday, forcing the airline to cancel multiple flights.
Flair has deemed the actions "extreme and unusual," with CEO Stephen Jones telling reporters Monday the company is now 100 per cent caught up on its leases after being "a few days in arrears" with about $1 million owing on the jetliners.
Jones also claimed the seizure was the result of another carrier's attempt to undermine Flair following "behind the scenes" negotiations between a major Canadian airline and Airborne Capital.
