One of Flair Airlines' Boeing 737 Max aircraft at Vancouver International Airport in 2024. U.S. prosecutors alleged that an investor used fraudulently obtained money to purchase Boeing aircraft for Flair.

The planes Flair Airlines used to launch its expansion in 2021 were allegedly purchased for it by an investor in a multimillion-dollar fraud using phony financial records, according to court records filed by the U.S. Attorney of New York.

U.S. federal prosecutors in October charged Joshua Wander, head of Miami-based investor 777 Partners, with four counts of fraud related to a US$500-million plot to cheat investors. U.S. Attorney Jay Clayton alleges Mr. Wander and former chief financial officer Damien Alfalla used the money to conceal 777 Partners’ financial losses, and buy airlines,

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