06:05:44 EDT Sat 27 Apr 2024
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Air Canada
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Close 2024-01-29 C$ 18.71
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Globe says Air Canada told Flair working to pay taxes

2024-01-29 06:22 ET - In the News

Also In the News (C-ONEX) Onex Corp

The Globe and Mail reports in its Monday edition that the federal government has obtained a court order that allows it to direct the seizure and sale of Flair Airlines property in Alberta to recoup more than $67-million in unpaid taxes. The Globe's Eric Atkins writes that Flair incurred the taxes from the import of 20 Boeing 737 Max aircraft, and has made arrangements to pay the amount owed, the airline said in a statement. The ruling was issued by the Federal Court of Canada on Nov. 23, months after a leasing company repossessed four of Flair's aircraft for missed rent payments. Court documents obtained by The Globe certify that the Edmonton-based discount airline owes the Canada Revenue Agency $67.17-million, plus penalties, interest and other fees. "We have a mutually-agreed-upon payment plan with CRA to pay these importation duties, and we are current with that plan," Flair's statement said. The court issued the writ of seizure and sale at the request of the government's assistant director of revenue collections. The order directs the Sheriff of Alberta or other licensed agency to "seize and sell the real property or immovables and the personal property or movables within your jurisdiction of Flair Airlines Ltd."

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