Jet Airways collapses, ceases operations

India’s Jet Airways collapsed Wednesday, grounding all its planes worldwide.

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Flair finds a partner

U.S. investment firm 777 Partners has bought a 25% share of Edmonton ultra low-cost carrier Flair Airlines for an undisclosed sum.

WOW Air collapses, ceases operations

Icelandic ultra low-cost carrier WOW Air, which offered services to Montreal and Toronto from its hub in Reykjavik, has shut down, stranding passengers on both sides of the Atlantic.