19 Months as Euro Budget Airline Comes to an End

Low-cost carrier Flyr filed for bankruptcy after a mere 20 months in operation, citing a failure to find investors in its crucial loss-making phase. Unfortunately for pax and pilots, Flyr abruptly announced the cessation of all operations, with all tickets canceled. The move put 400 employees out of work, with thousands of ticket holders left in the lurch to find new accommodations home. The carrier had not been in the green throughout its brief existence, dependent upon the graces of financiers and investors supporting it until it could carve out enough market share to attain profitability. Sadly for the airline, no such investors could be found to provide the necessary cash to continue o