Budget airline seeks to limit disruption after 4 planes were reportedly seized by a New York-based hedge fund in an 'extreme and unusual' move

• Canadian budget carrier Flair Airlines had four planes seized by a hedge fund, per reports.
• A spokesperson described the incident as an "extreme and unusual" action by the aircraft lessor.
• They told Insider the carrier was engaged in ongoing communications with the lessor.

Canadian low-cost carrier Flair Airlines had four planes seized by a New York-based hedge fund at the weekend, which impacted its services, multiple local media outlets reported.