Lynx Air Holdings Corporation, d.b.a. Lynx Air (Calgary), says increases in jet fuel prices, Covid-19-related decreases in passenger demand, and the 2019 B737 MAX grounding impacted the ULCC’s ability to do business and generate revenue, creating a situation where costs exceeded revenues and leading to last week’s decision to cease operations and file for bankruptcy.

In filings to the Court of King’s Bench of Alberta, counsel for Lynx disclosed that Indigo Northern Venture LP provided financing of CAD71,242,031…

Source: ch aviation
Read more: Canada's Lynx Air files for bankruptcy protection