Canadian ultra-low-cost carrier Lynx Air has announced that it will cease operations, citing mounting financial pressure as the cause.
Lynx Air launched at Calgary International Airport (YYC) on April 7, 2022, but in the face of 鈥渞ising operating costs, high fuel prices, exchange rates, increasing airport charges and a difficult economic and regulatory environment鈥 the decision has been made to bow out.
On February 22, 2024, the airline sought and obtained an initial order for creditor protection from the under the Companies’ Creditors Arrangement Act (CCAA). It will continue flying until 12:01 am local time on February 26, 2024.聽聽
Lynx Air operated a fleet of 189-seat聽Boeing 737 MAX 8 aircraft on wet lease and during its two years of service carried nearly two million passengers.聽
In a memo to staff, COO Jim Sullivan stated that a significant issue had been 鈥渃ompetitive tension in the Canadian market鈥.
鈥淲hile we did our best, the pressures mounted and the risks increased, which has led to today精东影业 announcement.,鈥 Sullivan said, according to the Calgary Herald.
The airline explored the option of selling the airline and negotiating a merger, but the challenges facing the company’s business became 鈥渢oo significant to overcome鈥.聽
精东影业 had previously reported that a merger between Lynx Air and Flair Airlines could be imminent.
In a post on X (formally Twitter), Lynx Air wrote: 鈥淚t is with a heavy heart that we announce Lynx精东影业 departure from the skies. We hope in our absence that our vision to 鈥業nspire More Canadians to Fly鈥 leaves its mark on out passengers.鈥澛
Thank you for your support, it's been a pleasure to offer our affordable fares and great flying experience.
— Lynx Air (@Lynx_Air)
We will leave our paw prints in the sky – Lynx. 馃惥鉁堬笍 For more information, please visit our FAQ:
The airline confirmed that it is taking steps to support passengers and advised them to contact their credit card company to secure refunds for pre-booked travel.聽聽聽
