777 Funded Flair Using Insurance Customers' Deposits

[cheeky cough]

The Founder of Porter was bought out by AC when they bought Air Ontario from him.
All of these companies are waiting for some sort of buyout from the big two when they become too much of a thorn in their side.
I really do not know where all the pilots will come from?

[co-joe]

...

Does anyone really believes Canadian customers entering a recession can support
- AC
- WJ/SWG
- Porter
- Transat
- Flair
- Lynx
- Jetlines

Especially at 25$ a fare ?
With these lease rates ?

I don’t get it.

The question you should be asking, is if going into a recession Porter, AC, and WestJet's business models can survive. AC is crown owned so they'll be fine. The less money people have to travel, the better the ULCC's will do. Think 1997 WestJet (when the population was only 30 Million)

[Tbayer2021]

...

Does anyone really believes Canadian customers entering a recession can support
- AC
- WJ/SWG
- Porter
- Transat
- Flair
- Lynx
- Jetlines

Especially at 25$ a fare ?
With these lease rates ?

I don’t get it.

The question you should be asking, is if going into a recession Porter, AC, and WestJet's business models can survive. AC is crown owned so they'll be fine. The less money people have to travel, the better the ULCC's will do. Think 1997 WestJet (when the population was only 30 Million)

Yeah, I'm sure the company that couldn't make any money during boom times is going to excel during the bad times.

[rudder]

...

Does anyone really believes Canadian customers entering a recession can support
- AC
- WJ/SWG
- Porter
- Transat
- Flair
- Lynx
- Jetlines

Especially at 25$ a fare ?
With these lease rates ?

I don’t get it.

The question you should be asking, is if going into a recession Porter, AC, and WestJet's business models can survive. AC is crown owned so they'll be fine. The less money people have to travel, the better the ULCC's will do. Think 1997 WestJet (when the population was only 30 Million)

The company(s) that will survive have the deepest pockets. It is not about fares.

[FurHat]

AC is crown owned so they'll be fine.

Air Canada isn't "crown owned". They were privatized in 1989.

[Tbayer2021]

AC is crown owned so they'll be fine.

Air Canada isn't "crown owned". They were privatized in 1989.

The Flair crowd has proven they don't let facts get in the way of blind company support, time and time again.

[Airbrake]

Yesterday there was a Bonza Tail flying a Flair flight with Flair decals on it at Gate 18 in YYC. I thought the Flair tails were in Australia now? It caught me off guard seeing it in Calgary.

[Smilin' Jack]

The second plane for the Bonza deployment is still kicking around in Canada. We still don't have authorization to operate in Oz so the second plane hasn't ferried down there yet.

[Airbrake]

The second plane for the Bonza deployment is still kicking around in Canada. We still don't have authorization to operate in Oz so the second plane hasn't ferried down there yet.

Oh I see. That makes sense.

Thanks.

[SPR]

The question you should be asking, is if going into a recession Porter, AC, and WestJet's business models can survive. AC is crown owned so they'll be fine. The less money people have to travel, the better the ULCC's will do. Think 1997 WestJet (when the population was only 30 Million)

Wrong again: https://www.bbc.com/worklife/article/20 ... t-airlines When the economy slows down, the first people who cut out discretionary travel are those who don't have a lot of money in the first place. Middle-income earners don't downgrade from AC and WJ to F8 and Y9, whereas low-income earners stop flying altogether.

[CaptDukeNukem]

The question you should be asking, is if going into a recession Porter, AC, and WestJet's business models can survive. AC is crown owned so they'll be fine. The less money people have to travel, the better the ULCC's will do. Think 1997 WestJet (when the population was only 30 Million)

Wrong again: https://www.bbc.com/worklife/article/20 ... t-airlines When the economy slows down, the first people who cut out discretionary travel are those who don't have a lot of money in the first place. Middle-income earners don't downgrade from AC and WJ to F8 and Y9, whereas low-income earners stop flying altogether.

Co-Joe and tbaylx will always have an answer as to how flair is still alive.

If flair is banking on a recession in order to fill their uncomfortable seats and somehow make profits cuz “people will have less money” and therefor book on flair, it’s actually a sign of despair.

I wish flair pilots the best. See you at porter in 2 years.

[flying4dollars]

The question you should be asking, is if going into a recession Porter, AC, and WestJet's business models can survive. AC is crown owned so they'll be fine. The less money people have to travel, the better the ULCC's will do. Think 1997 WestJet (when the population was only 30 Million)

Not true at all

[Oleo 4]

...

Does anyone really believes Canadian customers entering a recession can support
- AC
- WJ/SWG
- Porter
- Transat
- Flair
- Lynx
- Jetlines

Especially at 25$ a fare ?
With these lease rates ?

I don’t get it.

The question you should be asking, is if going into a recession Porter, AC, and WestJet's business models can survive. AC is crown owned so they'll be fine. The less money people have to travel, the better the ULCC's will do. Think 1997 WestJet (when the population was only 30 Million)

You have to admire his loyalty to his company! I have a ski condo in Mexico to sell if your buying?

O

[twa22]

...

Does anyone really believes Canadian customers entering a recession can support
- AC
- WJ/SWG
- Porter
- Transat
- Flair
- Lynx
- Jetlines

Especially at 25$ a fare ?
With these lease rates ?

I don’t get it.

The question you should be asking, is if going into a recession Porter, AC, and WestJet's business models can survive. AC is crown owned so they'll be fine. The less money people have to travel, the better the ULCC's will do. Think 1997 WestJet (when the population was only 30 Million)

You have to admire his loyalty to his company! I have a ski condo in Mexico to sell if your buying?

O

These posts made me chuckle, reminds me of the comment co-joe made months ago about Flair being number 2 in pax count out of YUL

[co-joe]

You have to admire his loyalty to his company! I have a ski condo in Mexico to sell if your buying?

O

Make it Taos New Mexico and we'll talk.

[Airbrake]

https://www.aerotime.aero/articles/aust ... -christmas

Update on Bonza situation.

[accountant]

Another suit…

https://www.theglobeandmail.com/busines ... -payments/

[indieadventurer]

Sounds like the old we no longer have ‘em so we no longer owe on ‘em stance.

Very in-keeping with Flair managements approach to not paying agreed upon retro pay that was earned by and still owed to numerous former pilots.

[cdnavater]

Another suit…

https://www.theglobeandmail.com/busines ... -payments/

Do you work for the globe?
Why do people insist on posting a link that requires a subscription to read, either copy the body of it here or at least put a caveat that a subscription is required!

[accountant]

Another suit…

https://www.theglobeandmail.com/busines ... -payments/

Do you work for the globe?
Why do people insist on posting a link that requires a subscription to read, either copy the body of it here or at least put a caveat that a subscription is required!

Ok Grumpy McGrumperson.

777 Partners sued by aircraft lessors over missed Flair airline payments
ABHIJITH GANAPAVARAM AND ALLISON LAMPERT
REUTERS
PUBLISHED YESTERDAY
4 COMMENTS

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Three aircraft lessors have sued a U.S.-based minority investor in Flair Airlines for $30 million after the Canadian budget carrier allegedly missed lease payments for four jets, their filing in a London court showed.

Ireland-based Corvus Lights Aviation, MAM Aircraft Leasing 4 and Columba Lights Aviation filed the suit against 777 Partners and its sister company 600 Partners on Dec. 12, which was made public later.

777 Partners provided guarantees for each of the four leases involving a Boeing 737-800 and three 737 MAX 8 jets, while 600 partners had given it for three leases, the lawsuit said.

The $30 million claim is the latest round in a dispute over the four jets that were leased to privately owned Flair, but were repossessed in March by Airborne Capital, which managed the jets on behalf of the three lessors.

“Despite being repeatedly notified of their financial obligations, 777 Partners continued to ignore calls to settle outstanding payments of almost $30 million,” the three lessors said in a statement.

In response, 777 Partners said, “the English proceedings are likely to be the subject of a stay application given that the position of 777 Partners remains that it is at best premature, and at worst possibly abusing the English Court System.”

The investor said it was backing Flair in a separate legal battle with Airborne in a Canadian court. The airline was not named as a defendant in the case filed in London by the three lessors.

Flair said in a statement that the planes have not been in its possession since March so no payments are due. Flair said payment demands in September “specifically concern the same seized aircraft and are baseless.”

Aircraft lessors are benefiting from a shortage of jets as airlines, desperate to tap into a travel rebound, have had to wait longer for jets from Boeing and Airbus.

[cdnavater]

Yes, it’s a pet peeve of mine, thanks

[Airbrake]

Three aircraft lessors have sued a U.S.-based minority investor in Flair Airlines for $30 million after the Canadian budget carrier allegedly missed lease payments for four jets, their filing in a London court showed.

Ireland-based Corvus Lights Aviation, MAM Aircraft Leasing 4 and Columba Lights Aviation filed the suit against 777 Partners and its sister company 600 Partners on Dec. 12, which was made public later.

777 Partners provided guarantees for each of the four leases involving a Boeing 737-800 and three 737 MAX 8 jets, while 600 partners had given it for three leases, the lawsuit said.

STORY CONTINUES BELOW ADVERTISEMENT


The $30 million claim is the latest round in a dispute over the four jets that were leased to privately owned Flair, but were repossessed in March by Airborne Capital, which managed the jets on behalf of the three lessors.

“Despite being repeatedly notified of their financial obligations, 777 Partners continued to ignore calls to settle outstanding payments of almost $30 million,” the three lessors said in a statement.

In response, 777 Partners said, “the English proceedings are likely to be the subject of a stay application given that the position of 777 Partners remains that it is at best premature, and at worst possibly abusing the English Court System.”

The investor said it was backing Flair in a separate legal battle with Airborne in a Canadian court. The airline was not named as a defendant in the case filed in London by the three lessors.

STORY CONTINUES BELOW ADVERTISEMENT


Flair said in a statement that the planes have not been in its possession since March so no payments are due. Flair said payment demands in September “specifically concern the same seized aircraft and are baseless.”

Aircraft lessors are benefiting from a shortage of jets as airlines, desperate to tap into a travel rebound, have had to wait longer for jets from Boeing and Airbus.

[rookiepilot]

I'd give Flair a year. Possibly less.

[Michel Myers]

Yeah been hearing that from people like you for the last 5 years.

[cdnavater]

Yeah been hearing that from people like you for the last 5 years.

Any idea how Flair plans to operate 50 fins?
After Covid there were plenty of expats needing to come home, that was your supply of left seat pilots, now there are better paying jobs for that, not sure where you’ll find these pilots