The Financial Post reports in its Friday, Nov. 22, edition that Canada's Flair Airlines is looking to raise around $150-million of senior debt as part of an ongoing overhaul at the budget carrier. A Bloomberg dispatch to the Post reports that unnamed sources say the firm, which said in August it was in talks to raise finances, is working with Haywood Securities to do so. One source said Flair recently reported $14.7-million of third quarter earnings before interest, taxes, depreciation and amortization. A Flair spokesman said, "We had a great third quarter and look forward to serving the Canadian public for the long term." Haywood Securities did not respond to requests for comment. Flair has faced a series of hurdles the past few years, including former lead investor 777 Partners facing fraud allegations. That is on top of higher costs, intense competition and the aftershocks of pandemic lockdowns that led to other Canadian peers filing for creditor protection. Just this week, U.S. budget carrier Spirit Airlines filed for bankruptcy.