Air Canada Stephen Jones New York Canada WestJet Flair Airlines Flair Canadian airlines Air Canada Stephen Jones New York Canada

Flair aircraft seizures came after months of missed payments and defaults, lessor says

Reading now: 244
globalnews.ca

The New York-based company that seized four leased aircraft from Flair Airlines last weekend says the move was a “last resort” following months of missed payments, denying accusations it was working with another carrier to push the low-cost airline out of business.

In its first public comments on the matter Tuesday, Airborne Capital Ltd. said in a statement to Global News that Flair was “regularly in default” and failed to make payments when due over a five-month period, despite numerous notices and “direct and regular contact” with the airline.

Read more: Flair CEO says rival tried to claim seized jets: ‘People want us out of business’ Those missed payments added up to millions of dollars, the lessor said — disputing statements from Flair’s chief executive this week that it owed about $1 million total. “Terminating an aircraft lease is always a last resort, and such a decision is never taken lightly,” Airborne said. “In this case, following numerous notices to Flair, it again failed to make payments when due and Airborne took steps to terminate the leasing of the aircraft.” Tuesday’s statement came a day after Flair CEO Stephen Jones suggested Saturday’s seizures may have been instigated by another carrier attempting to disrupt Flair’s operations. “We’ve come in and upset the cozy duopoly, and as a consequence people want us out of business,” he said at a news conference on Monday. “And we do believe that there were negotiations going on behind the scenes between one of the majors and the lessor to hurt Flair by them offering probably above-market rates for the aircraft we’ve been leasing.” Read more: Plane seizures a ‘significant blow’ to Flair as passenger frustrations grow Jones did not offer any specifics to

Read more on globalnews.ca
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Ford Edge - Kevin R.Steele - 'Targeted murder of a mother': Woman fatally shot in front of son in drive-thru lane of Cheltenham Dunkin' - fox29.com - county Montgomery - county Park - county King - county Ford - city Elkins, county Park
fox29.com
80%
494
'Targeted murder of a mother': Woman fatally shot in front of son in drive-thru lane of Cheltenham Dunkin'
CHELTENHAM TOWNSHIP, Pa. - A criminal investigation is underway after police say a woman was found dead outside a Dunkin' in Cheltenham Township Tuesday morning.SkyFOX was live over the scene as a heavy police presence gathered around a taped-off drive-thru.The shooting happened outside the Dunkin' on Cheltenham Avenue in the Melrose Shopping Center.According to authorities with the Montgomery County District Attorney's Office and the Cheltenham Township Police Department, the woman was identified as Rachel King, 35 of Elkins Park. Officials say officers were dispatched to the Melrose Shopping Center for a report of a shooting around 7:39 a.m., and arriving officers discovered King in the driver's seat of a black Ford Edge, dead from multiple gunshot wounds. Police say King's car came to a rest in the drive-thru lane. According to investigators, King was traveling west on Cheltenham Avenue when she turned into the shopping center and pulled into the Dunkin' drive-thru lane. Shortly after, a light-colored sedan, believed to possibly be a Ford or Mercury, was seen driving behind King's car and parked a short distance away from the drive-thru lane. A man got out of the vehicle, walked up to King's car and fired numerous shots through the driver's side window as King's 11-year-old son sat in the backseat, officials say. The child was not injured, per police. Authorities say the shooter fled the scene driving east on Cheltenham Avenue. "This appears to be a targeted murder of a mother," Montgomery County District Attorney Kevin R.
DMCA