March 31, 2010
The Skyservice chartered airline shut down its operations Wednesday after filing for receivership.
The airline cited high debt loads and changes in the Canadian vacation travel market, in a statement.
The company entered receivership in Ontario Superior Court, after cancelling flights out of Toronto’s Pearson airport, as well as all remaining flights scheduled to depart Canada during the balance of the season in April.
While there were no further flights scheduled to depart most Canadian destinations during this time, many Skyservice passengers may not have completed their return legs.
Skyservice Airlines and the receiver say they are committed to winding up the business in an orderly and responsible manner. The closure will result in the loss of 860 jobs.
The company flies on behalf of other tour operators, such as Signature Vacations and Sunquest Vacations, from numerous Canadian airports to Mexico and the Caribbean.
Sunquest announced that replacement flights have been organized for all of its customers who have been impacted by Skyservice’s shutdown.
For the full CBC article, click here.