RE:One down.. An internal Lynx Air memo has been issued to staff advising that the carrier will cease operations as of Sunday, 25FEB.
The message, signed by Jim (Lynx's COO, Jim Sullivan), states that Lynx was unable to secure investment in the ULCC to fund its rapid growth, and on 22FEB, it filed for protection from its creditors under a CCAA filing.
"While we did our best, the pressures mounted and the risks increased, which has led to today's announcement.
https://openjaw.com/breaking/2024/02/22/lynx-air-to-cease-flight-operations-on-26feb/