Canadian charter airline Skyservice suspends operations
Wednesday, March 31, 2010 Skyservice, a Canadian charter airline, has cancelled several flights from Toronto's Pearson International Airport, with reports that the airline has ceased operations. The company cites debt levels and changes in the vacation travel market with its decision to shut down operations and file for receivership. At the time of the filing in Ontario Superior Court, Skyservice is said to owe almost $9 million CAD to long-term partner and Thomas Cook subsidiary Sunquest Vacations. This situation exacerbated the debt load already put on the airline by a l