Sunday, June 1, 2025
News Wave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
News Wave
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
No Result
View All Result
News Wave
No Result
View All Result
Home World Canada

Lynx Air to cease operations Monday, obtains creditor protection

22 February 2024
in Canada
0 0
Lynx Air to cease operations Monday, obtains creditor protection
Share on FacebookShare on Twitter


Lynx Air, a Calgary-based airline that launched less than two years ago, says it will cease operations on Monday.

The news came as the low-cost airline announced it had sought and obtained an initial order for creditor protection from the Court of King’s Bench of Alberta.

“Over the past year, Lynx Air, has faced a number of significant headwinds including rising operating costs, high fuel prices, exchange rates, increasing airport charges and a difficult economic and regulatory environment,” said the company in a news release.

“Despite substantial growth in the business, ongoing operational improvements, cost reductions and efforts to explore a sale or merger, the challenges facing the company’s business have become too significant to overcome.”

The airline said it will cease operations at 12:01 a.m. MT on Monday, “with flights continuing to operate until that time.”

The company said passengers with existing bookings are advised to contact their credit card company to secure refunds for pre-booked travel. It also directed customers to its website.

Osler, Hoskin & Harcourt LLP are acting as legal advisers to Lynx Air. FTI Consulting Canada Inc. was appointed as the monitor under the Companies’ Creditors Arrangement Act.

A screenshot of the Lynx Air website landing page on Thursday evening. (Lynx Air)

Lynx Air’s flight attendants had just joined the Canadian Union of Public Employees (CUPE) earlier this month.

“We’re devastated for our members at Lynx Air and all employees who lost their jobs today,” Lou Arab, communications representative for CUPE, told CBC News.

“We will represent them and defend their rights in these times and we’ll fight to ensure that employees get everything they’re legally entitled to.”

“The company was clear that it’s losing investors and doesn’t have the capital to support continued operations.”

Airline industry is ‘notoriously difficult’

Deborah Yedlin, president and CEO of the Calgary Chamber of Commerce, said she suspects airport charges played a major role in Lynx’s decision.

“I think the airport fees as they’re structured makes it hard for discount airlines to be successful in Canada long term,” she said.

“There’s been a confluence of events that’s really put a lot of downward pressure on the airline business… So when you’re a discount player and your margins are even tighter, you’re going to feel the economic headwinds that much more acutely.”

Yedlin calls the industry “notoriously difficult,” citing various post-pandemic challenges such as labour shortages and increased fuel costs.

She says Lynx Air’s announcement is unfortunate for Calgarian consumers hoping to save on travel costs.

“I think the question is, what do we need to do in Canada to ensure the viability of discount airlines?”

Transport Minister Pablo Rodriguez addressed the news via social media on Thursday evening.

In a statement posted to X, formerly known as Twitter, Rodriguez said he is following the announcement closely.

“For any travellers that had a return flight booked with Lynx, I expect Lynx to help you get back home as soon as possible. I expect Lynx to fully refund you if your fare won’t be honoured,” the statement reads.

“My office has been in touch with Lynx, we will continue to communicate with all parties, and we’ve convened calls with other airlines to see how they can help, to ensure that passengers are put first.”



Source link

Tags: AirceasecreditorLynxMondayobtainsOperationsProtection
Previous Post

Prime Minister Christopher Luxon fundraises for heart research

Next Post

Trump pledges to defend Christianity against the left, which he says wants ‘to tear down crosses’

Related Posts

In Italy, a Canadian has a 'very humbling experience' meeting with King Charles
Canada

In Italy, a Canadian has a 'very humbling experience' meeting with King Charles

by My News Wave
1 June 2025
0

SummaryDuring a state visit to Italy on April 10, 2025, King Charles III presented a King's Coronation Medal to Maj. Casey Anderson, a military intelligence officer in the Canadian Armed Forces. This event took place in Ravenna, commemorating the 80th anniversary of the province's liberation from Nazi occupation, a significant military operation involving Canadian and British forces during the Second World War. The reception highlighted the historical ties and contributions of the Canadian military in...

Read more
What White House reportedly said about the future of Mark Carney’s daughter at Harvard
Canada

What White House reportedly said about the future of Mark Carney’s daughter at Harvard

by My News Wave
31 May 2025
0

The Trump administration has targeted Harvard University, cancelling its ability to enroll international students, which puts the academic futures of students like Cleo Carney, daughter of Canadian Prime Minister Mark Carney, at risk. Following a lawsuit, Harvard won an initial court ruling allowing it to continue enrolling international students while the case proceeds, highlighting the importance of these students to the university and the country. As a first-year economics student and sustainability advocate at Harvard,...

Read more
Bell: Danielle Smith and Alberta give Mark Carney an offer he shouldn't refuse
Canada

Bell: Danielle Smith and Alberta give Mark Carney an offer he shouldn't refuse

by My News Wave
31 May 2025
0

Premier Danielle Smith of Alberta sent a significant five-page letter to Prime Minister Mark Carney on May 16, outlining Alberta's urgent demands for economic revitalization, including a new oil pipeline to the west coast and major changes to federal regulations. Smith emphasizes the need for guaranteed access to tidewater, the removal of the cap on oil and gas emissions, and an overhaul of Bill C-69 to encourage investment and production in Alberta's energy sector. She...

Read more
Still no charges in Robert Pickton prison death a year after fatal assault
Canada

Still no charges in Robert Pickton prison death a year after fatal assault

by My News Wave
31 May 2025
0

Robert Pickton, a notorious Canadian serial killer, died in hospital on May 31, 2024, after being assaulted at Port-Cartier maximum security prison 12 days earlier. He was convicted in 2007 of six counts of second-degree murder but was suspected of murdering many more women, with remains or DNA of 33 women found on his pig farm in Port Coquitlam, B.C. Pickton's crimes have left a significant mark on Canadian criminal history and the ongoing discussions...

Read more
With few leads, search for missing N.S. kids focuses on area where boot print found
Canada

With few leads, search for missing N.S. kids focuses on area where boot print found

by My News Wave
31 May 2025
0

Search efforts continue for missing children in Pictou County Searchers are actively looking for two missing children, Lilly Sullivan, 6, and Jack Sullivan, 4, in Pictou County. On Saturday, they focused on an area where a boot print was discovered during a previous search, but they acknowledge that they have little information to confirm its connection to the missing kids. As the search progresses, Amy Hansen, who is managing the rescue efforts, noted that the...

Read more
How long does a Canadian visitor visa take? 500 days later, these parents are still waiting
Canada

How long does a Canadian visitor visa take? 500 days later, these parents are still waiting

by My News Wave
31 May 2025
0

Alireza Azizi, who resides in London, has been tracking the days his parents, Shakiba Babaei and Arzhang Azizi, have waited for their temporary resident visa applications to be processed by Immigration, Refugees and Citizenship Canada. As of Friday, the count reached 500 days, reflecting the ongoing delays in the Canadian immigration system. Each day, the number displayed outside his home increases, symbolizing the family's prolonged wait for a resolution to their visa situation. Full Article

Read more
News Wave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Three patients dead and over 50 injured in fire overnight at German hospital
  • In Italy, a Canadian has a 'very humbling experience' meeting with King Charles
  • Donald Trump’s steel tariffs prompt anger and warnings of ‘catastrophic’ job cuts in Canada
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In