April 23rd, 2024

Lynx Air shutting down Monday after filing for creditor protection

By The Canadian Press on February 22, 2024.

A Lynx Air logo is shown in this undated handout photo. Low-cost carrier Lynx Air says it is ceasing operations on Monday after filing for creditor protection. THE CANADIAN PRESS/HO, Lynx Air *MANDATORY CREDIT*

CALGARY – Low-cost airline Lynx Air says it is ceasing operations on Monday after filing for creditor protection.

The Calgary-based airline says it has obtained an initial order from the Alberta Court of King’s Bench under the Companies’ Creditors Arrangement Act.

In a statement announcing the shutdown, the airline cites “significant headwinds” over the past year including rising costs, high fuel prices, exchange rates, increasing airport charges and a difficult economic and regulatory environment.

Lynx says flights will be operating until 12:01 a.m. MT on Monday.

It is advising passengers with existing bookings to contact their credit card company to secure refunds for pre-booked travel.

Lynx Air’s inaugural flight took off less than two years ago, in April 2022.

This report by The Canadian Press was first published Feb. 22, 2024.

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