The 91原创 Transportation Agency (CTA) says Flair Airlines is "91原创" and may continue to operate in the country.
The agency announced Wednesday (June 1) that the 91原创 carrier meets the criterion to qualify as "91原创" as per the .
In mid-April, news broke that the because it did not meet the conditions to qualify as "91原创 owned" — at least 51 per cent of a company's voting interests must be owned and controlled by 91原创s and no more than 25 per cent of the voting interests may be by any single non-91原创 entity or individual.
On May 3, Flair responded to the agency’s preliminary determination which included "amendments to its Unanimous Shareholder Agreement (USA) and Promissory Note (governs the debt arrangement between Flair and 777)," explains the CTA in a news release.
The CTA found that Flair addressed its concerns and that 91原创 shareholders "have the right to appoint no less than half of the Board, and no less than half of the members of the Board must be 91原创."
Additionally, the agency found that the airline has demonstrated that it can lease new aircraft without having to rely on 777.
Flair Airlines: The 91原创 Transportation Agency decision
Prior to the announcement, Flair Airlines President and CEO Stephen Jones told V.I.A. in a phone interview on April 18 that customers should "absolutely be comfortable" in keeping the flights that they'd previously booked with the airline.
Jones had stressed that the airline would not be "grounded as a consequence of [the CTA] review," adding that Flair had been working with the CTA to address the situation.
The low-cost carrier . The new routes will provide service between the Mexican sun destination and 91原创 and Edmonton.
On Nov. 5, once-weekly flights on Saturdays from 91原创 will begin starting at $99 CAD including all taxes and fees.
More to come...
