Lynx Air Files for and Obtains CCAA Creditor Protection
CALGARY, Alberta, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Lynx Air (Lynx), a low-cost airline with service to destinations throughout Canada, the U.S. and Mexico, today announced that it has sought and obtained an initial order for creditor protection from the Court of King’s Bench of Alberta under the Companies' Creditors Arrangement Act (“CCAA”).
- CALGARY, Alberta, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Lynx Air (Lynx), a low-cost airline with service to destinations throughout Canada, the U.S. and Mexico, today announced that it has sought and obtained an initial order for creditor protection from the Court of King’s Bench of Alberta under the Companies' Creditors Arrangement Act (“CCAA”).
- Over the past year, Lynx Air, has faced a number of significant headwinds including rising operating costs, high fuel prices, exchange rates, increasing airport charges and a difficult economic and regulatory environment.
- Osler, Hoskin & Harcourt LLP are acting as legal advisors to Lynx Air.
- Additional information related to the CCAA proceedings will be available on the Monitor's case website at: http://cfcanada.fticonsulting.com/lynxair .