Running out of Funds?

[PittBoss]

Got the news that funds left are just good for 2 weeks. Is it the start of troubles?

[Canadaflyer46]

The start? I think at this stage it’s the final nails in the coffin.

[Up_Then_Down]

Maybe it’s true maybe it’s not. Time will tell.

Making a post like this without providing evidence of your claim does not help to anyone. At best it’s repeating a rumour and you truly have no real insight, at worst it’s a post out of malice to discredit a place of employment that real people work at.

Either way, providing such an empty comment anonymously on a public forum is sad.

Provide more information that isn’t hearsay or troll somewhere else.

[rudder]

Flair has been - at best - a financial Ponzi Scheme.

That is not the employees fault. That is the fault of senior managers selling rainbows and the third parties who are draining cash out of Flair.

Regardless, one cannot help but recognize that the day of reckoning is near.

Flair is looking for C$100MM to shore up the balance sheet. That same $100MM is $30MM more than you need to buy all of the outstanding common shares at TRZ (poison pill notwithstanding).

Realistic people make decisions based on what they see, not how they feel. $1 fares are the prelude to closing the doors. That is what history tells us.

[rookiepilot]

Hmmmm…

“In order really to give us breathing space and comfort to continue a restructuring of the company, I think we would be very happy if we received like a hundred million” Canadian dollars, Wilk said by phone. “Just to be clear, it’s not like this is something that we desperately need right now.”


Uh Huh….

“The competitive environment has changed dramatically for Flair,” he said. “Now the business case for any investor to consider Flair as an investment target is much more compelling.”

SEC and lawyers in the US would be licking their chops. But this is Canada…

[tbaylx]

Too bad Flair can't monetize every time an anonymous poster on AvCanada claims to have some inside knowledge about our imminent demise. We'd never need to have outside investors.

[rookiepilot]

Too bad Flair can't monetize every time an anonymous poster on AvCanada claims to have some inside knowledge about our imminent demise. We'd never need to have outside investors.

How much are you investing?

[rudder]

Too bad Flair can't monetize every time an anonymous poster on AvCanada claims to have some inside knowledge about our imminent demise. We'd never need to have outside investors.

You have no choice but to tell everyone that “all is good”. You are like the First Officer on the Titanic 15 minutes before it hits the iceberg.

Much like the rest of the Flair staff, you won’t be given any advance notice. It happpens quick.

Hope for the best. But plan for the worst.

[rookiepilot]

Too bad Flair can't monetize every time an anonymous poster on AvCanada claims to have some inside knowledge about our imminent demise. We'd never need to have outside investors.

How much are you investing?

—————-

Thats what I thought.

[Michel Myers]

Got the news that funds left are just good for 2 weeks. Is it the start of troubles?

This from the guy who started the Jazz merging with AC thread.

[Babar350]

Got the news that funds left are just good for 2 weeks. Is it the start of troubles?

You didn't get the news, you just read the ch-aviation article.

[cdnavater]

Got the news that funds left are just good for 2 weeks. Is it the start of troubles?

You didn't get the news, you just read the ch-aviation article.

Isn’t that literally “the news”?

[Michel Myers]

Delete

[Michel Myers]

Got the news that funds left are just good for 2 weeks. Is it the start of troubles?

You didn't get the news, you just read the ch-aviation article.

Isn’t that literally “the news”?

And where in this article does it mention two weeks of funding remaining? That’s what the OP stated.

[Old fella]

If such was the case(two weeks) wouldn't the suppliers aka fuel, catering etc. be aware and decline credit or demand cash/certified cheque basis. Would this not get out in the public domain aka media outside of some Aviation Publication. CRA issue and aircraft repossession certainly got the attention of the news sites last year. Unless there is more to follow, take it(running out of money) with a grain of salt.

[cdnavater]

You didn't get the news, you just read the ch-aviation article.

Isn’t that literally “the news”?

And where in this article does it mention two weeks of funding remaining? That’s what the OP stated.

I didn’t read the article, just pointing out, one poster said he “got the news” and the other poster saying “you didn’t, you just read the ch-aviation article” to which I responded, “isn’t that literally “the news”?”
I summed it up for you since, I thought it was obvious but it clearly wasn’t and I’m not sure why!

[ant_321]

Anyone know why they had Omni flying for them this weekend?

[Michel Myers]

Isn’t that literally “the news”?

And where in this article does it mention two weeks of funding remaining? That’s what the OP stated.

I didn’t read the article, just pointing out, one poster said he “got the news” and the other poster saying “you didn’t, you just read the ch-aviation article” to which I responded, “isn’t that literally “the news”?”
I summed it up for you since, I thought it was obvious but it clearly wasn’t and I’m not sure why!

Well there is zero mention of “running out of funds in two weeks” in “the news” the OP made an opinion based on an article and claimed it to be “news” . The fact you don’t get what I was saying says it all. Done with you now

[Michel Myers]

Anyone know why they had Omni flying for them this weekend?

Couple planes still down from the hailstorm in YYC.

[cdnavater]

And where in this article does it mention two weeks of funding remaining? That’s what the OP stated.

I didn’t read the article, just pointing out, one poster said he “got the news” and the other poster saying “you didn’t, you just read the ch-aviation article” to which I responded, “isn’t that literally “the news”?”
I summed it up for you since, I thought it was obvious but it clearly wasn’t and I’m not sure why!

Well there is zero mention of “running out of funds in two weeks” in “the news” the OP made an opinion based on an article and claimed it to be “news” . The fact you don’t get what I was saying says it all. Done with you now

Well, done with me or not, you fucking quoted me and then proceeded to ask me where it says in the article, blah fucking blah blah!
I never claimed to know anything, I was merely pointing out the irony in the previous post, now I’m done with you!

[Old fella]

To date,nothing floating about in the MSM, also employees will certainly know come pay deposit day wouldn’t they or maybe an inkling of what’s coming down I would think. Perhaps Flair is getting slagged unnecessarily at this point.

[Dronepiper]

To the employees who think there will be some advance warning or notice, remember that Lynx was literally hiring pilots and taking credit card payments for flights up until their bankruptcy announcement.

I know a new hire LYNX pilot who was literally talking to HR/flight ops about booking their Deadhead flights to YYC for initial training, the same morning of their bankruptcy announcement.

He found out later that day (after his deadhead flights were already booked), that Lynx was done.

[Tbayer2021]

To the employees who think there will be some advance warning or notice, remember that Lynx was literally hiring pilots and taking credit card payments for flights up until their bankruptcy announcement.

I know a new hire LYNX pilot who was literally talking to HR/flight ops about booking their Deadhead flights to YYC for initial training, the same morning of their bankruptcy announcement.

He found out later that day (after his deadhead flights were already booked), that Lynx was done.

They also announced new routes a week or two before closing their doors. Really goes to show that none of these things are necessarily an indicator of a company's health.

[boeingboy]

Anyone know why they had Omni flying for them this weekend?

Couple planes still down from the hailstorm in YYC.

..............

[Michel Myers]

Anyone know why they had Omni flying for them this weekend?

Couple planes still down from the hailstorm in YYC.

..............

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