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Low-cost Lynx Air grounded permanently, flights to cease effective Monday

Airline blames inflation, fuel costs, exchange rates, cost of capital, regulatory costs, competition

Come Monday, Canadian travellers booked with the ultra-low-cost airline Lynx Air will be out of luck and its employees out of work.

Officials with the Calgary-based company announced Thursday evening that it is ceasing operations, effective 12:01 a.m. MT on Feb. 26, after filing for creditor protection.

Lynx Air has advised passengers with existing bookings to contact their credit card company to secure refunds for pre-booked travel.

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