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Skyservice Airlines Inc.

On March 31, 2010, FTI Consulting Canada Inc. was appointed as Receiver pursuant to an Order of the Ontario Superior Court of Justice of all the assets, undertakings and properties of Skyservice Airlines Inc.

Sunquest Vacations has already arranged alternatives for all its passengers who might otherwise have been affected. They will be contacted shortly by their travel agent or a Sunquest representative. They can also contact the Customer Service department at 1-800-387-8438 or via email at customerservice@sunquest.ca. Full details are also available at .http://www.sunquest.ca

Passengers travelling with Signature: please visit the following web site for further information http://www.signaturevacations.com

On March 29th, 2012 a creditor to Skyservice Airlines Inc. (“Skyservice”) sought and obtained an order from the Ontario Superior Court of Justice In Bankruptcy and Insolvency adjudging Skyservice bankrupt (the “Bankruptcy Order”). As part of the Bankruptcy Order, FTI Consulting Canada Inc. was appointed as trustee of the estate (the “Trustee”) of Skyservice. Furthermore, in accordance with the Bankruptcy Order, all final determinations of claims in accordance with the Claims Procedure Order in the Receivership Proceedings is effective and binding in the Bankruptcy Proceedings as if allowed by the Trustee and finally determined in the Bankruptcy Proceedings on such basis. Further details are available by following the links to the left on this website.

To all Former Employees with Proven Claims against Skyservice

October 23, 2014

The payment of an interim distribution to creditors of 10% on account of proven unsecured claims has been authorized in accordance with the provisions of the Bankruptcy and Insolvency Act.

By law, no payment can be made in respect of claims by former employees without clearance from Service Canada which reviews such claims for any required withholdings arising from past payments of employment insurance benefits. Such clearance has been received in respect of a number of claims, for which claims dividend cheques were mailed on or around March 13th, 2014 and October 8th, 2014. As at October 23, 2014, Service Canada clearance remains outstanding for approximately 704 claims. The Trustee has no control over the timing of Service Canada clearances and is therefore unable to provide any estimate of when the remaining interim distribution payments will be released.

Former employees may receive a letter from Service Canada notifying them of a determination of overpayment of employment insurance benefits as a result of the interim distribution to be paid. Please note that such letter is not a demand for payment as the Trustee is required to deduct any benefits overpayment from the distribution to the former employee and remit the withholding to Canada Revenue Agency. In the unusual even that the distribution is insufficient to pay the benefits overpayment, any balance would be payable by the former employee, in which case a separate “Notice of Debt” would be issued by Service Canada.

Unless you wish to appeal the Service Canada determination in accordance with the process laid out in their letter, you do not need to take any action and interim distribution payments, net of applicable withholdings, will be issued by the Trustee following receipt of Service Canada clearance.

If you have changed your address since the filing of your claim against Skyservice please ensure that you inform the Trustee at skyservice.receiver@fticonsulting.com.

If you have any questions about the forgoing, please contact the trustee at skyservice.receiver@fticonsulting.com.

Further details relating to this case may be accessed using the menu to the left or by contacting:

Skyservice.receiver@fticonsulting.com or at 416-649-8098 .


Contact FTI

FTI Consulting
TD Waterhouse Tower
79 Wellington Street West
Suite 2010, P.O. Box 104
Toronto, Ontario M5K 1G8

Useful Links

FTI Consulting
Office of the Superintendent of Bankruptcy Canada
Wage Earner Protection Program
Skyservice Airlines