SkyGreece ceases operations after grounding flights, stranding passengers

WATCH ABOVE: Three SkyGreece flights scheduled to fly to and from Pearson International Airport in Toronto were cancelled, leaving passengers stranded. Cindy Pom reports on what might be the cause of the cancellations.

TORONTO — Beleaguered airline SkyGreece will cease its operations effective immediately, according to representatives from Toronto Pearson International Airport.

The airport’s official Twitter account tweeted late Thursday that the airline will stop flying to and from Toronto “temporarily,” amid rumours that the airline was on the verge of bankruptcy.

The news comes after the president of the airline, Ken Stathakis, said Thursday that rumours the company was about to go bankrupt were “a bunch of BS”.

Stathakis, who is also the main shareholder of SkyGreece, said the airline will continue flying again after Global News questioned him at his Thornhill, Ont. restaurant on Thursday.

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READ MORE: SkyGreece grounds flights to and from Toronto, passengers stranded

The head of the Canadian-based startup airline also said they will be taking care of all its travelers affected by the cancellations.

The airline, which began passenger air service in 2014, grounded three flights on Wednesday due to “operational reasons” — leaving many stranded at the airport.

SkyGreece had similar problems on Aug. 20 which led to a four-day delay.

READ MORE: Can you get compensation for a 3-day flight delay?

Staff at Toronto’s Pearson International Airport told Global News on Thursday the airline was grounded because it hadn’t paid its landing fees to the airport.

Many Toronto passengers have been staying in hotels or with relatives waiting for information about when they might be able to depart.

SkyGreece says it is directing passengers, who would like to recover expenses related to the delay, to their website. They can also file a complaint with the Canadian Transportation Agency, or through the European Union.

With files from Cindy Pom