Canada does not have a low‐cost bankruptcy option for debtors with low incomes and low assets. In this article, we present empirical evidence of the need for such an option by estimating the number of debtors who might benefit from it. We then review the successful low‐cost bankruptcy ...
After the bankruptcy of Lynx Air, the struggles of Flair Airlines, and the consolidation of carriers within Canada, the country’s domestic market is losing out on connectivity and competition, resulting in higher prices and fewer options for consumers. ...
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Stop me if you've heard this one before. Not one but two new low-cost Canadian carriers are attempting to get off the ground. It's good news for flyers, maybe not for Air Canada and WestJet. The two upstarts are Vancouver-based Canada Jetlines and Jet Naked of Calgary. Both are loo...
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Brussels Airlines, Belgian airline whose predecessor, SN Brussels Airlines, was formed in 2001 following the bankruptcy of SABENA (Société Anonyme Belge d’Exploitation de la Navigation Aérienne; Belgian Limited-Liability Company for the Development of Aerial Navigation). The airline serves cities in...
In March 2020 the airline industry secured nearly $60 billion in U.S. government funding under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, saving the industry from bankruptcy. However, there were strings attached that have significant consequences for potential investors. The ai...