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Flair Airlines CEO looks to bid on Lynx planes after shutdown halts tentative merger

by Anas Siddiqui
Flair Airlines CEO looks to bid on Lynx planes after shutdown halts tentative merger

Flair Airlines chief executive Stephen Jones says he still hopes to add several Lynx Air planes to his fleet, even after their tentative merger fell through when Lynx shut down …

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Business bankruptcies shot up by more than 41% last year, as pandemic debts mount

by Anas Siddiqui
Business bankruptcies shot up by more than 41% last year, as pandemic debts mount

Business insolvencies jumped by more than 41 per cent in 2023, according to data released Friday by Canada’s top financial regulator. The report from the Office of the Superintendent of Bankruptcy …

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Chinese property developer Powerlong signs restructuring deal with creditors in ‘significant progress’ for debt solution plan

by Anas Siddiqui
Chinese property developer Powerlong signs restructuring deal with creditors in ‘significant progress’ for debt solution plan

Distressed Chinese developer Powerlong Real Estate Holdings unveiled the preliminary terms of a restructuring agreement with an ad hoc group (AHG) of creditors late on Thursday, a deal which is …

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