Norwegian airline Flyr has filed for bankruptcy, 19 months after it was first set up.
The airline declared in a stock exchange announcement on 31 Jan that it would file for bankruptcy on 1 February after failing to raise enough cash for its operations.
“There is no longer a realistic opportunity to achieve a solution for the short-term liquidity situation,” the company said in a statement. “All departures and ticket sales have, as a consequence, been cancelled and ticket sales discontinued.”
History of the budget airline
Founded in August 2020, the Norwegian budget airline got off to a rocky start and delayed flights until it was awarded its Air Operator Certificate (AOC) in August 2021 by the Norwegian CAA. It operated with a fleet of 12 Boeing 737-800 aircraft.
In October 2022, Flyr announced it would cut its winter schedule to save money due to decreased demand.
According to data from aviation analytics firm, Cirium, as of February 2023, the airline was scheduled to operate 306 flights. Flyr was scheduled to serve a total of 32 destinations across Europe in 2023 and was due to launch a new route between London Gatwick and Oslo in March 2023.
