Amid a regulatory probe of Flair Airlines, CEO Stephen Jones says the budget carrier has rejigged its governance structure to align with Canadian ownership rules — but that its “significant” debt to an American investor remains a concern. However, he also acknowledged that the debt Flair owes to 777 remains a potential issue under the ownership regime, while insisting there was no violation. It is for this reason alone that we have sought a time-bound, 18-month exemption from the (Department) of Transport,” Jones said. Jones has also accused Air Canada and WestJet of having deployed anticompetitive practices. In 2003, the Competition Tribunal ruled that Air Canada engaged in anti-competitive behaviour with WestJet, then a low-cost regional upstart.

Source: thestar April 22, 2022 00:46 UTC