Flair Airlines is in talk to possibly sell the airline to SPAC New Vista while it expands

Flair Airlines is in discussions to sell the fast-growing airline to SPAC New Vista Acquistion Corporation backed by former Boeing CEO Dennis Muilenburg.

Previously the airline received financing from Miami-based 777 Partners LLC but it was forced to restructure its ownership group to dilute the ownership amount of the U.S. company.

Airlines in Canada must show that they are controlled by Canadians. Canada’s transport agency ruled in June that Flair does now meet domestic ownership requirements.

Meanwhile the low-cost airline is expanding. Previously the airline made this announcement for its schedule for the summer of 2023:

  • Seven new aircraft are set to enter into service for Summer 2023, bringing the total fleet to 27
  • Summer 2023 schedule includes increased frequencies on 41 routes
  • 4.2 million seats are now available to book next summer at everyday low fares

    Flair Airlines, Canada’s everyday low fare airline, has increased frequencies across its network as part of the summer 2023 schedule. Today’s initial schedule release sees the number of seats on salegrow by 35% with more new routes to be announced in the coming months which will bring flair to 50% growth for the summer. The new schedule highlights Flair’s growth, as seven new aircraft are set to enter into service, providing Canadians more low-cost opportunities to connect to the people and experiences they love.

     

    The seven new aircraft will be based across Flair’s Canadian bases. These aircraft will bring approximately 350 jobs to Flair’s bases across the country, including pilots, flight attendants, ground handling crews, and more.

    Notable frequency increases include Vancouver to Toronto (YVR-YYZ), which will see an additional 10 weekly frequencies for a total of 21, as well as Calgary to Toronto (YYC-YYZ), which also ramp up to 21 weekly frequencies. Service from Montreal to Toronto has also increased with an additional eight weekly frequencies, bringing the total to 12. Summer favourites also return with increased frequencies, including Nashville and Deer Lake, as well as year-round service to Mexico.

Top Copyright Photo: Flair Airlines Boeing 737-8 MAX 8 C-FLQZ (msn 44307) YYZ (TMK Photography). Image: 958576.

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