The Globe and Mail reports in its Thursday edition that Flair Airlines has leased two new aircraft, bolstering its fleet after four were repossessed for late payments.
The Globe's Eric Atkins writes that the Edmonton-based discount airline took delivery of one new Boeing 737 on June 13 and the second will land later in the summer, bringing its fleet to 21. The two aircraft are rented from SMBC Aviation Capital, a Dublin-based, Japanese-owned aircraft leasing company.
"The leases from SMBC are proof that Flair is seen as a solid credit-worthy company that they can place these high-value assets into," Stephen Jones, Flair chief executive officer, said during a press conference at Vancouver International Airport on Wednesday.
Flair has boosted the size of its 2023 schedule by 35 per cent this year over the previous summer, when its fleet had 18 aircraft. Like most airlines, Flair is expanding its schedule to capture pent-up demand more than three years after the pandemic halted most air travel. Although sales of business fares remain low, leisure travel sales are strong. Flair, which employs 1,250, said it flew 436,000 people in May to destinations that include Toronto; Abbotsford, B.C.; and Los Cabos, Mexico.
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