Today, Flair Airlines, Canada’s everyday low-fare airline, 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.”
One aircraft was delivered to Flair Airlines on June 13 and a second aircraft will 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.