The Globe and Mail reports in its Thursday edition that Flair Airlines says its major U.S. investor, 777 Partners, has reduced its share of the Edmonton-based discount carrier. The Globe's Eric Atkins writes that Flair told The Globe that a company related to its largest lender has acquired a portion of 777 Partners' shares and will provide new debt financing. Flair did not provide details. Flair did not provide answers to follow-up questions. Flair made the announcement two days after 777 Partners' Australian airline, Bonza, ceased operations and entered administration, a form of court protection from creditors. Australian news reports said creditor AIP Capital seized Bonza's aircraft, but Bonza said in a statement the shutdown is temporary. Miami-based 777 Partners previously held 25 per cent of privately owned Flair, the maximum allowed by a foreign entity, and was a major provider of financing and leased aircraft. In 2018, 777 Partners became a Flair shareholder, spurring a major expansion that was to include the addition of about 50 Boeing 737s leased from the U.S. investor. In 2022, 777's involvement with Flair spurred a Canada regulatory investigation into the possibility the U.S. company was calling the shots.