
Creditor protection applied for: Lynx Air ceases flight operations
The Canadian low-cost airline Lynx Air will cease operations on Monday, February 26, 2024. At the same time, it was announced that a creditor protection procedure had been filed with the relevant court. "Over the past two years, a lot of work has been put into Lynx Air's growth and expansion to provide Canadians with a cost-effective, seamless travel experience. However, increasing financial pressures related to inflation, fuel costs, exchange rates, capital costs, regulatory costs and competition in the Canadian market have ultimately proven to be too steep a mountain for our company to overcome. It is with a heavy heart that we are leaving the skies. We hope that our vision of inspiring more Canadians to fly will leave a mark on our passengers in our absence," the airline concerned explained the reasons for the move. Lynx Air was only founded in 2021 and uses Calgary Airport as its home base. The fleet currently consists of nine Boeing 737 Max 8s, which have an average age of 2,9 years. The airline is positioned as a low-cost carrier and mainly flies within Canada. At the time of the cessation of flight operations, the carrier announced the following: "Lynx Air will cease flight operations on Monday, February 26, at 12:01 p.m. MT." At the same time, the airline has applied to the relevant court for creditor protection proceedings under Canadian law. The financial resources do not appear to be sufficient to be able to continue flying during this period. Whether flight operations can ever be reactivated will probably depend on whether a new investor can be found or not.








