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Flair Airlines says CEO Stephen Jones is stepping down

Flair Airlines chief executive Stephen Jones will be stepping down this summer after more than three-and-a-half years at the helm of the discount carrier.

The CEO’s tenure spanned a turbulent period for the seven-year-old company as the airline expanded its fleet but also hit financial headwinds amid stiff competition.

Flair says a recruitment process for a replacement is underway and that chief operating officer Maciej Wilk named interim CEO until the board selects a successor.

Click to play video: 'Flair Airlines CEO seeks to reassure prospective passengers'

Flair Airlines CEO seeks to reassure prospective passengers

Flair says its 20-plane fleet will “continue operating normally” during the transition, even as some hurdles from the past 18 months remain.

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Jones suspended expansion plans earlier this year as the carrier contends with plane delivery delays and hefty debts, including $67 million in unpaid federal taxes related to import duties on its jets as of November.

In a release, the outgoing chief executive said he’s proud of enabling more Canadians to travel via the airline’s relatively low ticket prices.

&© 2024 The Canadian Press

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