How long Flair will last?Flair already had 67 M$ unpaid to fisc.
Now, they complain about 25 M$ not recieved from Poeple Trust; Look at the Trust response:
“We set and manage card transaction reserves following standard industry practices to protect consumers who have pre-paid merchants - like airlines - for services they have not yet received,” it said in an emailed statement.
This response is typical of a creditor having a ''as going concern'' uncertainty with a company. Flair have a cash problem.
Nobody want to loose money. Once this kind of problem become public, suppliers restrict usually credit conditions, putting sometimes future deliveries on cash deposit conditions, etc .... and things go worst .
We could have 20 planes off the Canadian market soon.