Flair Airlines has leased two new Boeing 737 MAX aircraft through Dublin-based SMBC Aviation Capital, the world's second largest aircraft leasing company.
The airline says these Canadian-registered aircraft will enter service and fly Flair's summer 2023 schedule, which has grown 35% year-over-year.
"Flair Airlines has demonstrated excellent operational performance and business metrics, coupled with professional management of aircraft assets that are in high demand," said Stephen Jones, CEO of Flair Airlines.
"We are pleased to lease two more of these fuel efficient aircraft and thank SMBC Aviation Capital for their support in our mission to deliver the lowest fares on offer in Canada."
One aircraft was delivered to Flair Airlines on June 13 and a second will follow later this summer. The aircraft are delivered new to Flair Airlines from Boeing Commercial Airplanes.
Today's news follows Flair Airlines' recent announcements related to its operational performance. The airline has committed to releasing monthly operational performance metrics, including completion factor, on-time performance, load factor, passengers and emissions.
In May 2023, Flair Airlines demonstrated a 99.1% completion factor, on-time performance that leads the Canadian airline industry (82.1% of flights arrived within 15 minutes of the scheduled arrival time), coupled with a load factor of 90%. In May 2023, more than 436,000 passengers travelled with Flair.
Flair experienced a crisis earlier this year when four of its planes were seized in a dispute with a different aircraft lessor. The lessor claimed Flair was behind in its payments, but Flair maintains in a $50 million lawsuit that the lessor "found a better deal leasing or selling the aircraft to a third party."
Topics From This Article to Explore
