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Flair Airlines Lands Equity Investment From 777 Partners

by vcaonline.com posted 4months ago 20 views
EDMONTON, Alberta, April 2, 2019-- Edmonton, AB, Canada, April 1, 2019 – Flair Airlines(“Flair”), Canada’s only independent ultra low-cost carrier (ULCC), announced that Miami-based investment firm 777 Partners(“777”) has acquired a 25 percent equity stake in the airline for an undisclosed sum. This commitment reflects the significant opportunity for disruption that Flair and 777 see in Canada’s duopolistic marketplace. “The aviation sector continues to be ripe for innovation and Flair is well-equipped to provide affordable airfare for Canada’s underserved market,” said Steve Pasko, Co-Founder and Managing Partner of 777 Partners.

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