Defunct Lynx Air blames contractor for delayed passenger refunds [Financial Post (Toronto, Ontario, Canada)]
Sabre Corporation (SABR)
Last sabre corporation earnings: 2/26 08:03 am
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Source: Financial Post
A contractor bears the blame for delayed refunds to Lynx Air customers, the insolvent airline says, adding that the hold-up will also hurt company stakeholders. Lynx, which ceased operations and filed for creditor protection in late February, claimed in court filings that the firm hired to handle bookings, Texas-based Sabre Corp., has hampered passenger reimbursements. Article content The ultra-low-cost carrier said it had planned to carry out refunds directly, “without the need for customers to contact their credit card providers to submit chargebacks.” Article content “Unfortunately, Sabre Corp. … has refused to assist with customer refunds,” according to an affidavit from Lynx's interim chief financial officer and filed with the Alberta Court of King's Bench. That leaves the airline no choice but to work with its credit card processor to deal with chargebacks for would-be travellers whose flights were cancelled, the filings state. While customers wait to have their p
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SABR
Earnings
- 2/15/24 - Beat
SABR
Sec Filings
- 4/26/24 - Form 8-K
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- SABR's page on the SEC website