The message appeared on the air show's Facebook page and read: "It is with great sadness that we have made the decision to cancel the Waterloo Air Show indefinitely."
A statement from show producers David White and Richard Cooper, also on Facebook on Saturday, said: "Volunteers were informed last night there just hasn't been enough support for the event in the region. Financially we could not make the event self sustaining and after investing heavily in it for four years we could not justify continuing accepting the losses."
It went on to say that there are "just not enough people paying to see the show" and "not enough sponsors."
For the past seven years the air show featured aviators, jet planes and the popular Canadian Forces Snowbirds at the Region of Waterloo International Airport in Breslau.
The show almost shuttered in 2012 when White and Cooper faced debt. They took to regional council seeking a bail out but assistance was denied, partly because it is a private business and not a non-profit organization.
The Waterloo Air Show's Facebook page has flooded with messages of condolence and disappointment from fans across the region.
Source: http://www.therecord.com
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