Flair Airlines secures $76-million bailout from Ottawa as fuel costs soar
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
The federal government has approved $76 million in emergency aid for Flair Airlines as the high price of jet fuel continues to bleed money from carriers.
Flair CEO Len Corrado said in an interview the financial lifeline shows that government officials “recognize the severity of the problem” and want to keep the industry competitive.
The Canada Enterprise Emergency Funding Corp. says it approves bailout loans to offset soaring fuel costs and make airfares more affordable.
The Crown corporation says the loan must be repaid within four years, with interest that sits below market rates.
Air Transat parent Transat A.T. Inc. has secured $430 million in financial aid since the Iran war began in late February and triggered a surge in energy prices that has pushed the price of jet fuel to roughly double the levels from a year ago.
The government says Porter Airlines also recently received a $125-million bailout loan.
This report by The Canadian Press was first published Sept. 14, 2026.
Related Articles
Pilots at Flair Airlines ratify three-year contract
Advertisement Advertise With Us