Flair Airlines has completed its executive leadership team by appointing three seasoned internal leaders to key C-suite roles. The move underscores the airline’s ongoing transformation and ambition to solidify its position as Canada’s leading ultra-low-cost carrier.
Flair Airlines, a Canadian ultra-low-cost carrier, is facing a $30.9 million countersuit in Ontario from four Irish lessors— Columbia Lights Aviation, Corvus Lights Aviation, Mam Aircraft Leasing, and Airborne Capital. The legal action stems from alleged financial damages tied to lease terminations and the repossession of four Boeing 737 MAXaircraft.
Flair Airlines (Canada) is facing heightened scrutiny as its Chief Financial Officer, Sumanth Rao, has been charged with involuntary manslaughter. The charges stem from a tragic incident involving a fatal car crash. According to reports, the crash involved an underage driver who had been drinking at a gathering hosted at Rao’s Atlanta-area home.
Flair Airlines (Canada) has announced plans to raise $150 million in senior debt as part of its ongoing financial restructuring efforts. The airline has enlisted the expertise of Haywood Securities (Canada) to manage the fundraising process, aiming to stabilize its operations and support long-term growth.
