Canadian Ultra-low-cost Carrier Lynx Air Cease Operations – Airways | Airlines

Aw Michalmendyk 4.jpg

DALLAS — Canadian ultra-low-cost carrier Lynx Air (Y9) has announced it will cease operations on Sunday, February 25, 2024, after filing for creditor protection under a CGAA filing.

An internal message from the airline’s interim CEO, Jim Sullivan, explained that adequate funding could not be obtained despite efforts to secure investment for the company’s growth and profitability. As a result, Y9 had to seek protection from its creditors. The airline would continue to operate and provide a good travel experience for the next three days, but flight operations would cease after completing Sunday’s schedule.

Sullivan acknowledged that this news would shock many and expressed disappointment that their story did not unfold as intended. He highlighted the efforts made over the past two years to build the brand, expand to new markets, and exceed expectations, especially during the post-COVID-19 recovery period.

However, the interim CEO said that the financial pressures associated with inflation, fuel costs, exchange rates, regulatory costs, and competition in the Canadian market proved impossible for the organization.

CEO Merren McArthur back in June 2023. Photo: Lynx Air

The Short-lived Lynx Air Story

Before its rebranding as Lynx Air on November 16, 2021, the airline operated under the name Enerjet. The inaugural flight under the Lynx Air brand occurred on April 7, 2022, flying from Calgary International Airport (YYC) to Vancouver International Airport (YVR).

Enerjet was established in 2006 by entrepreneurs aiming to fill a service gap in “middle Canada” left by major airlines WestJet (WS) and Air Canada (AC). Originally known as New Air & Tours, the company rebranded as Enerjet on October 20, 2008, unveiling a new name and corporate logo.

The new ULCC started from scratch and grew to serve nearly 2 million customers across Canada, the US, and Mexico. It experienced significant passenger growth, providing affordable fares and…

 read more

We use income earning auto affiliate links. More on Sponsored links.
Ad Amazon : The reality of UFOs and extraterrestrials is here for those with the courage to examine it. We are not alone! We are only one of many different humanoids in a universe teeming with other intelligent life?

Ad Amazon : Books UFO
Ad Amazon : Binoculars
Ad Amazon : Telescopes

Related Posts