Canadian ultra-low cost carrier Flair Airlines announced it has leased two new Boeing 737 MAX aircraft.
The leases were facilitated by SMBC Aviation Capital, the world’s second largest aircraft leasing company. These Canadian-registered aircraft will enter service and fly Flair’s summer 2023 schedule, which has grown 35% year-over-year.
“Flair Airlines has demonstrated excellent operational performance and business metrics, coupled with professional management of aircraft assets that are in high demand,” said Stephen Jones, CEO of Flair Airlines.
“We are pleased to lease two more of these fuel efficient aircraft and thank SMBC Aviation Capital for their support in our mission to deliver the lowest fares on offer in Canada.”
“We are pleased to deliver these two Boeing 737 MAX aircraft to Flair, expanding its fuel-efficient fleet and helping Flair to capitalise on the recovery that we are seeing in the sector,” said Barry Flannery, Chief Commercial Officer, SMBC Aviation Capital.
“These modern, fuel-efficient aircraft will allow Flair to provide even more value to their customers over the coming years and we look forward to many years of growth and successful partnership with Flair.”
Aircraft delivery schedule
One aircraft has been delivered to Flair Airlines this week, on Tuesday June 13, and the second aircraft is scheduled to follow later this summer.
The aircraft are delivered new to Flair Airlines from Boeing Commercial Airplanes. Today’s news follows Flair Airlines’ recent announcements related to its operational performance.
The airline has committed to releasing monthly operational performance metrics, including completion factor, on-time performance, load factor, passengers and emissions — a Canadian first.
In May 2023, Flair Airlines demonstrated a 99.1% completion factor, on-time performance that leads the Canadian airline industry (82.1% of flights arrived within 15 minutes of the scheduled arrival time), coupled with a load factor of 90%.
In May 2023, more than 436,000 passengers experienced Canada’s leading ultra-low cost airline.
About Flair Airlines
Flair Airlines is a Canadian ultra low-cost carrier (ULCC) headquartered in Edmonton, Alberta. The airline operates scheduled passenger and chartered services with a fleet of Boeing 737 aircraft.
The company slogan is Plane and Simple. The airline promotes itself as being Canada’s first and only independent ULCC.
Flair Airlines was founded in 2017 by Stephen Jones, who is the airline’s CEO. The airline began operations in June 2019 with flights between Edmonton and Calgary. Flair Airlines has since expanded its network to include flights to other major Canadian cities, such as Vancouver, Toronto, and Montreal.
Flair Airlines and Australia’s new start-up low-cost carrier Bonza Airlines are associated. Both airlines are owned by 777 Partners, a Miami-based private equity firm.
777 Partners is a major investor in the low-cost carrier space, and it has also invested in other airlines, such as Allegiant Air and Frontier Airlines.
Bonza Airlines is a new airline that launched in Australia in January 2023. The airline operates a fleet of Boeing 737 MAX aircraft and offers low-cost flights to regional destinations throughout Australia.
Flair Airlines is a more established airline that has been operating in Canada since 2019. The airline also operates a fleet of Boeing 737 MAX aircraft and offers low-cost flights to destinations throughout Canada.
With an expanding fleet of Boeing 737 aircraft, Flair is growing to serve over 35 cities across Canada, the U.S., and Mexico.