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Top related persons:
We've - 3 Flair - 3 Josh Wander - 2 Wander - 2 Abhijith - 2 Pooja Desai - 2 Stephen Jones - 1 Jones - 1
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Partners - 3 Boeing - 3 Flair Airlines - 3 Boeing Co - 2 ATR - 2 Air - 2 Airbus - 2 Bonza - 2

Search resuls for: "Flair Airlines"


5 mentions found


☆ US PE firm 777 Partners in talks with Boeing, ATR over new jet order
  + stars: | 2023-07-07 | by ( Abhijith Ganapavaram | Thomson Reuters | Abhijith Leads A Team Of Reporters Who Cover Aviation | ) www.reuters.com   time to read: +2 min
July 7 (Reuters) - U.S. private equity firm 777 Partners has said it is in talks with Boeing Co (BA.N) and Franco-Italian turboprop maker ATR over a new jet order, as it looks to enter more markets amid a boom in air travel. The talks come amid a rush for planes by airlines eager to tap into a greater-than-expected recovery in air travel. Earlier this year, Air India placed an order for 470 jets with Boeing and Airbus SE (AIR.PA) - which was later eclipsed by rival IndiGo's order for 500 Airbus planes. 777's business model involves buying jets and leasing them to airlines which it backs, such as Canadian low-cost carrier Flair Airlines and Australian airline Bonza. Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.
Persons: We've, Josh Wander, Wander, Flair, Abhijith, Pooja Desai Organizations: Partners, Boeing Co, Boeing, ATR, Air, Airbus, Flair Airlines, Bonza, Capital Ltd, Thomson Locations: Italian, Miami, Air India, Asia, South America, York, Bengaluru
☆ US private-equity firm 777 Partners in talks with Boeing, ATR over new jet order
  + stars: | 2023-07-07 | by ( Abhijith Ganapavaram | Thomson Reuters | Abhijith Leads A Team Of Reporters Who Cover Aviation | ) www.reuters.com   time to read: +2 min
July 7 (Reuters) - U.S. private equity firm 777 Partners has said it is in talks with Boeing Co (BA.N) and Franco-Italian turboprop maker ATR over a new jet order, as it looks to enter more markets amid a boom in air travel. The talks come amid a rush for planes by airlines eager to tap into a greater-than-expected recovery in air travel. Earlier this year, Air India placed an order for 470 jets with Boeing and Airbus SE (AIR.PA) - which was later eclipsed by rival IndiGo's order for 500 Airbus planes. 777's business model involves buying jets and leasing them to airlines which it backs, such as Canadian low-cost carrier Flair Airlines and Australian airline Bonza. Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.
Persons: We've, Josh Wander, Wander, Flair, Abhijith, Pooja Desai Organizations: Partners, Boeing Co, Boeing, ATR, Air, Airbus, Flair Airlines, Bonza, Capital Ltd, Thomson Locations: Italian, Miami, Air India, Asia, South America, York, Bengaluru
☆ A budget Canadian airline had 4 of its planes repossessed. Its CEO is blaming a conspiracy.
  + stars: | 2023-05-25 | by ( Bianca Giacobone | Taylor Rains | ) www.businessinsider.com   time to read: +7 min
In March, lessor Airborne confiscated four of Flair Airlines' planes because of late payments. A low-cost Canadian upstart airline had four of its planes repossessed by New York-based aircraft lessor Airborne Capital on March 11, forcing the carrier to cancel multiple flights and leaving a trail of disgruntled passengers behind. Flair Airlines CEO Stephen Jones blamed "behind the scenes" scheming between the airline's competitors and Airborne Capital for the repossession of four of Flair's Boeing 737 planes. It's not the first time Flair has clashed with other Canadian airlines. US investment firm 777 Partners owns a 25% stake in Flair Airlines, which was cause for concern for the CTA.
Persons: Stephen Jones, Flair, We've, Jones, — Flair, It's, —, Tim Donovan, Donovan, Prince Edward Island Organizations: Airborne, Flair Airlines, Flair, Morning, Capital, Airborne Capital, Boeing, The Canadian Press, Air Canada, BOC Aviation, Financial, Ontario Superior Court of Justice, National Airlines Council of Canada, Canadian Transportation Agency, Partners, CTA, National Airlines Council, Easter, Airways Magazine, Bonza Airlines, Dominican Republic Locations: New York, North America, Canada, Titusville , New Brunswick, Toronto, Saint John , New Brunswick, Charlottetown, Ottawa, Montreal, Florida, Dominican
☆ WestJet union seeks to narrow pay gap between Canada and U.S. pilots as strike looms
  + stars: | 2023-05-16 | by ( Allison Lampert | ) www.reuters.com   time to read: +2 min
Pilots at Onex Corp-owned (ONEX.TO) WestJet gave notice on Monday that could allow for strike action as early as May 19, raising fears of travel disruptions during Canada's Victoria Day holiday weekend. Pay is still the outlier," said Bernard Lewall, a union representative with the Air Line Pilots Association (ALPA). "We need to narrow that gap between the North American carriers and WestJet," he said on Tuesday in an interview. Lewall declined to give a specific wage target, but said the airline must pay more to retain pilots. "We hope this measure will help WestJet passengers who otherwise could not travel due to the pilots’ strike,” said Flair CEO Stephen Jones.
☆ Budget airline seeks to limit disruption after 4 planes were reportedly seized by a New York-based hedge fund in an 'extreme and unusual' move
  + stars: | 2023-03-14 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +2 min
Canadian budget carrier Flair Airlines had four planes seized by a hedge fund, per reports. They told Insider the carrier was engaged in ongoing communications with the lessor. A spokesperson for the airline described the incident as an "extreme and unusual" action taken by a New York-based lessor of the aircraft. They said in a statement to Insider: "This is a commercial dispute, which has impacted four of Flair Airlines' aircraft." A spokesperson for Flair Airlines told Insider that payment had been initiated and the airline was in ongoing communications with the lessor to remedy the situation.
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