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Sun, Feb 05, 2023

Norwegian Airline Flyr Files for Bankruptcy

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 operations.

Flyr sought to make use of an imagined niche in the Scandinavian airline market, offering a cheap, no-frills travel option to 35 European destinations. Tickets were sold exclusively through its phone application, with additional travel niceties upsold as extra charges like other ULCCs. The line had expanded to 6 737 MAX aircraft, hoping to entice customers in a crowded market with the latest and greatest Boeing has to offer.

The company issued one last farewell on its site after the news broke, wishing its former customers well. “Many thanks to everyone who has chosen to fly with us over the past year and a half. We will miss you all from the bottom of our hearts and deeply apologize to everyone affected by the fact that we now have to go in for landing. We encourage everyone who has booked a ticket with us to contact their credit card company for a refund.”

FMI: https://flyr.com/en

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