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Montreal-based FlightHub granted creditor protection amid travel industry collapse
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FlightHub Group Inc. is entering creditor protection after a Quebec Superior Court judge granted its application, filed as the travel industry reels from the impact of the COVID-19 pandemic.
The Montreal-based company cites the “catastrophic” consequences of confinement measures and border shutdowns that drove down revenues by more than 90 per cent in less than two months.
FlightHub said in a May 7 court filing that it and five subsidiaries “are no longer able to meet their financial obligations,” with JustFly — its main U.S.
brand — owing suppliers $15 million. [ Sign up for our Health IQ newsletter for the latest coronavirus updates ] The travel firm has temporarily laid off 90 employees in Canada and 18 in the U.S., roughly half of the
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