Flair Airlines said the impact had been caused by a commercial dispute.Heather Dunbar / Shutterstock.com Canadian budget carrier Flair Airlines had four planes seized by a hedge fund, per reports. A spokesperson described the incident as an "extreme and unusual" action by the aircraft lessor. They told Insider the carrier was engaged in ongoing communications with the lessor. Canadian low-cost carrier Flair Airlines had four planes seized by a New York-based hedge fund at the weekend, which impacted its services, multiple local media outlets reported.A spokesperson for the airline described the incident as an "extreme and unusual" action taken by a New York-based lessor of the aircraft.