Lynx Air to cease operations Monday, obtains creditor protection

Lynx Air, a Calgary-based airline that launched less than two years ago with a promise to make air travel more affordable for Canadians, says it will cease operations on Monday.

Osler, Hoskin & Harcourt LLP are acting as legal advisers to Lynx Air. FTI Consulting Canada Inc. was appointed as the monitor under the Companies' Creditors Arrangement Act. Brereton-Cooke said she received an email from Lynx Thursday evening following the announcement, advising that her flight from Vancouver to Winnipeg was cancelled. She and a group of seven friends have been left scrambling to find a way home.The friends travelled to Vancouver for a bachelorette party, and were originally slated to fly home Friday. Brereton-Cooke says Lynx Air then rescheduled the original return flight to depart at 11 a.m.

WestJet — another Calgary-based airline — has since responded to the news of Lynx Air's halt to operations."We recognize the immediate impact this information has on passengers and employees of Lynx, and we are committed to assisting where we can through a number of actions," reads the statementThe airline is offering deals to those impacted by Lynx's announcement, namely a 25 per cent discount for all economy fares between Feb. 22 and Oct.

"I think the airport fees as they're structured makes it hard for discount airlines to be successful in Canada long term," she said.

Source: News Formal (newsformal.com)

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