Lynx Air, a Calgary-based airline that launched less than two years ago, says it will cease operations on Monday.
The news came as the low-cost airline announced it had sought and obtained an initial order for creditor protection from the Court of King’s Bench of Alberta.
“Over the past year, Lynx Air, has faced a number of significant headwinds including rising operating costs, high fuel prices, exchange rates, increasing airport charges and a difficult economic and regulatory environment,” said the company in a news release.
“Despite substantial growth in the business, ongoing operational improvements, cost reductions and efforts to explore a sale or merger, the
