iFlyVancouver Inc., Free Flight Formation Inc. and 1088384 B.C. LTD
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- File
- H-220275
- Industry
- Hospitality & leisure · Recreation & fitness
iFlyVancouver Inc., Free Flight Formation Inc. and 1088384 B.C. LTD are the subject of a court-appointed receivership proceeding in the Supreme Court of British Columbia under section 243 of the Bankruptcy and Insolvency Act, carried under court file number H-220275. The proceeding began with an application filed on July 21, 2022. The matter is now closed. The record available here does not set out further steps taken between commencement and closure.
Notice of Application - Receiver's Discharge and Fee Approval — Application / notice of application
Application filed in the Supreme Court of British Columbia under court file H-220275, commencing the receivership proceeding against the three debtor companies.
Source: Petition filed July 21, 2022
Debtor
iFlyVancouver Inc., Free Flight Formation Inc. and 1088384 B.C. LTD
Receiver
KPMG
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Veenstra | Supreme Court of British Columbia | 2 orders, Oct 2025 | 7 cases on record |
| Justice Gomery | Supreme Court of British Columbia | 2 orders, Jul 2023 – Mar 2024 | 7 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverKPMG | Fasken Martineau DuMoulin LLP | 15 Mar 2024 | Service list · 15 Mar 2024 |
| Applicant | Fasken Martineau DuMoulin LLP | 28 Jul 2023 | Order · 28 Jul 2023 |
| CreditorLynda Jackson aka Lynda Sharpe | Winright Law | 15 Mar 2024 | Service list · 15 Mar 2024 |
| CreditorRoyal Bank of Canada | Poulsen & Company | 15 Mar 2024 | Service list · 15 Mar 2024 |
| CreditorSkyventure International (UK) Limited and iFly Franchising, LLC | Cassels Brock & Blackwell LLP | 15 Mar 2024 | Service list · 15 Mar 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 985 casesas of Appointment Date — Listed under 'Secured Creditors' in the Receiver's Form 87 Notice and Statement for iFlyVancouver Inc. — Deemed-trust class claim for unpaid GST, which CRA assessed as resulting from a reversal of Income Tax Credits; figure per conversations with management. The Form 87 Notice (dated May 25, 2023) estimates this secured amount at $300,000. This listing is inconsistent with the First Report's statement (para 22) that 'RBC is the sole secured creditor of the Companies.' — debtor: iFlyVancouver Inc. | $313K | Receiver Report 1 |
| 4 | Secured |
1 more claim in 1 class The stack holds Deemed trusts (CRA and other) and Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansRoyal Bank of Canada: shortfall.EstimatedReceiver Report 2 · 22 Feb 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| SecuredRBC, the Companies' sole secured creditor | Royal Bank of Canada | — | shortfall | Estimatedper the receiver | Receiver Report 2 · 22 Feb 2024 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
2 engagements · 2 firms — latest: Fasken Martineau DuMoulin LLP, 16 Jun 2023 – 14 Aug 2025, soughtAffidavit 1 of Kibben Jackson · 12 Sep 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Fasken Martineau DuMoulin LLPCounsel to the receiver | 16 Jun 2023 – 14 Aug 2025Sought | — | not stated | Affidavit 1 of Kibben Jackson · 12 Sep 2025 | |
| KPMG Inc.Receiver | —Sought | — | not stated | Notice of Application - Receiver's Discharge and Fee Approval · 18 Jul 2023 |
2 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansAs at ·
The total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Application Response_RBC | PDF · Subscribers | |
Approval Vesting Order - Filed
| PDF · Subscribers | |
Fee Approval Discharge Order - Filed
| PDF · Subscribers | |
Affidavit 1 of Kibben Jackson
| PDF · Subscribers | |
| Receiver Report 3 | PDF · Subscribers | |
| Notice of Application - Approval and Vesting Order | PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Application Response_MBA | PDF · Subscribers | |
| Notice of Application 4 March 24 | PDF · Subscribers | |
Receiver Report 2
| PDF · Subscribers | |
Sale Process Order entered July 28, 2023
| PDF · Subscribers | |
| Teaser | PDF · Subscribers | |
Notice of Application - Receiver's Discharge and Fee Approval
| PDF · Subscribers | |
| Notice of Application, Filed July 18 2023 | PDF · Subscribers | |
Receiver Report 1
| PDF · Subscribers | |
| Sales Information Package | PDF · Subscribers | |
Affidavit of Mailing
| PDF · Subscribers | |
Form 87 1088384 BC LTD
| PDF · Subscribers | |
| Form 87 Free Flight Formation Inc | PDF · Subscribers | |
| Form 87 IFlyVancouver Inc | PDF · Subscribers | |
| Receiving Order entered May 23 2023 | PDF · Subscribers | |
Petition filed July 21, 2022
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “iFlyVancouver Inc., Free Flight Formation Inc. and 1088384 B.C. LTD” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/iflyvancouver-inc-free-flight-formation-inc-and-1088384-b-c-ltd