Miami-based investment firm 777 Partners has acquired a 25 percent equity piece in Canadian ultra-low-cost Flair Airlines, the maximum amount of a foreign entity that they can under Canadian federal regulations. Investments are not always publicized, but Flair Airlines hopes this announcement will help customers continue to trust the fairly small airline following a series of low-cost carrier shutdowns in the past year including Primera Air and WOW air. “We felt that the travelling public just doesn’t realize that we…
Formerly defunct World Airways is potentially being given a second chance at life, for now. On Wednesday, 777 Partners announced that they had acquired the intellectual property for World Airways and planned to restart the carrier. However, instead of picking up where the airline left off, the business strategy for…
