Lynx Air served 18 destinations, including 11 in Canada, six in the United States, and one in Mexico.
Lynx Air, a prominent Canadian airline, has declared it will suspend its flight operations starting from today, Monday, February 26, 2024. This decision comes in the wake of escalating financial difficulties, intensified by a combination of inflation, rising fuel costs, fluctuating exchange rates, increasing capital costs, regulatory expenses, and intense competition within the Canadian aviation sector.
The Calgary-based carrier, known officially as Lynx Air (Y9), has sought creditor protection, securing an initial order from the Court of King’s Bench of Alberta under the Companies’ Creditors Arrangement Act (CCAA). FTI Consulting Canada Inc. has been appointed to oversee the bankruptcy process for Lynx Air Holding Corporation.
According to the airline’s statement, Lynx Air faces insolvency with inadequate…
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