TORONTO — Flair Airlines is looking to secure additional funding as it heads into the fall and winter seasons.

In an interview with news service Bloomberg and picked up by The Financial Post, the ultra low-cost carrier’s interim CEO, Maciej Wilk, says he’s in talks with financial institutions open to a slightly higher-risk investment.

Wilk told Bloomberg that additional funding would give the carrier some breathing space as the airline restructures. He mentioned $100 million, then said: “Just to be clear, it’s not like this is something that we desperately need right now.”

Back in summer 2022 then-CEO Stephen Jones said Flair was aiming for 27 aircraft by 2023, and was on “well on track” for 50 aircraft by 2025. The carrier currently has 20 aircraft.

Jones had expressed interest in Lynx’s aircraft after that airline shut down. Jones retired from Flair this summer, and Wilk took over as interim CEO.

Lynx’s shutdown in February, followed by the temporary suspension of operations for Canada Jetlines this month, has more industry watchers keeping an eye on Flair.

Earlier this month Flair launched a promotion to celebrate its 19th anniversary. The carrier began as a charter airline in 2005 and transitioned to a commercial airline in 2017.

Meanwhile earlier this week Flair announced $1 base fares on select northbound routes from Mexico, the U.S., Jamaica and the D.R. to Canada. Wilk noted that the base fare “is only a part of the total fare. We hope that airports, particularly in Canada, will follow suit and lower their fees so that more people can be empowered to travel.”