Canadian low-cost airline Lynx Air will cease operations on Monday, February 26, 2024. At the same time, it was announced that creditor protection proceedings had been filed with the responsible court.

“Over the past two years, a lot of work has gone into Lynx Air's growth and expansion to provide Canadians with a cost-effective, seamless travel experience. However, increasing financial pressures associated with inflation, fuel costs, foreign exchange rates, capital costs, regulatory costs and competition in the Canadian market ultimately proved to be too steep a mountain for our Company to overcome. We leave the airspace with a heavy heart. “We hope that our vision of inspiring more Canadians to fly leaves an impact on our passengers in our absence,” explains the airline concerned about the reasons for the approach.

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. You are positioned as a low-coster and travel mainly within Canada.

At the time of ceasing operations, the carrier said: “Lynx Air will be suspending operations on Monday, February 26 at 12:01 p.m. MT.” At the same time, an application was made to the responsible court for creditor protection proceedings under Canadian law. The financial resources do not seem 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 is found or not.