Airline files for bankruptcy days after Flybe failure

By Lisa James
01/02/2023
Home » Airline files for bankruptcy days after Flybe failure

Norwegian airline Flyr is filing for bankruptcy, weeks before it was due to launch a Gatwick service.

The low-cost carrier said weak financial markets and uncertainty over demand had prevented it from raising more cash.

Flyr issued a statement to say: “There is no longer a realistic opportunity to achieve a solution for the short-term liquidity situation.

“All departures and ticket sales have as a consequence been cancelled.”

More than 400 employees will lose their jobs.

The carrier launched in mid-2021, serving domestic routes in Norway as well as destinations in Europe.

Just a week ago, it said it was planning to scale up its summer programme, after reaching tentative agreements to operate charter services.

Flyr was founded by Erik Braathen, former CEO of now-defunct Norwegian airline Braathens.

Aviation analytics company Cirium said Flyr was scheduled to serve 32 destinations across Europe in 2023 – with its largest operation being at Oslo Airport where the carrier was based.

The Norwegian airline had been due to launch a new route between Gatwick and Oslo in March 2023, and also previously operated flights to Edinburgh in 2022

During February 2023, Flyr was scheduled to operate 306 flights – equating to over 57,000 seats, Cirium added.

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