All Flyr articles
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NewsFlyr administrator pessimistic over creditors’ claims
Collapsed Norwegian carrier Flyr’s administrator believes there will be no funds available for non-priority creditor claims, once it has addressed those with greater precedence such as wage arrears. Flyr was placed in bankruptcy by an Oslo court on 1 February. Law firm Kvale held an initial creditor meeting on 16 ...
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PodcastAirline Business Podcast: Do airline failures belie brighter outlook?
Graham and Lewis discuss the recent collapses of European carriers Flybe and Flyr, asking whether those developments belie a much brighter outlook for the industry in 2023.
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NewsletterHow significant are exits of Flybe and Flyr from Europe’s airline market?
The collapses in recent days of UK carrier Flybe and Norwegian operator Flyr might give the impression of a harsh operating environment for European airlines
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NewsDaring Flyr collapses after launching into crisis-hit market
Norwegian carrier Flyr, having audaciously started up in the midst of the pandemic, survived for fewer than 600 days before being forced into bankruptcy – the latest casualty of Scandinavia’s highly-competitive and often-unforgiving airline market. Oslo’s stock exchange implemented a suspension of trading in the company’s shares on 1 February ...
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NewsFlyr finances ‘critical’ as it fails to raise funds
Norwegian carrier Flyr is in a fight for survival after the failure of its financing plan put paid to a key wet-leasing deal.
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NewsFlyr pursues US wet-lease and charters to offset quiet winters
Norwegian operator Flyr is applying to US regulators to operate services in the North American market. The carrier is seeking a permit to conduct non-scheduled charter and wet-lease operations “in and out” of the USA, it states. Flyr has been looking to branch into other activities to support its regular ...
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NewsFlyr chief steps down as carrier bids to overcome financial strife
Norwegian carrier Flyr’s chief executive, Tonje Wikstrom Frislid, has opted to step down from her post having led the airline since it commenced operations last year. Chief financial officer Brede Huser is taking over, the carrier states. The transition comes at a crucial point in the airline’s development, because Flyr ...
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NewsStruggling Flyr aims to raise NKr700m through revised financing plan
Norwegian carrier Flyr is hoping to raise NKr700 million ($68 million) through a newly launched capital raise after a previous planned private placement was under-subscribed
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NewsEmbattled Flyr optimistic of positive earnings from mid-2023
Norwegian carrier Flyr is optimistic that its revised business plan will be sufficient to nurse the airline through the winter season, and that earnings margins will start to turn positive from June next year. Despite a strong summer market, Flyr turned in a third-quarter operating loss of NKr231 million ($22 ...
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NewsFlyr seeks NKr530m through share issues to relieve ‘very strained’ finances
Norwegian budget carrier Flyr is looking to reinforce its financial position with share placements which would potentially raise NKr530 million ($50 million). This scheme comprises a private placement for NKr430 million and a possible subsequent placement, for those unable to participate in the private issue, aimed at raising another NKr ...
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NewsFlyr holding investor discussions to strengthen finances
Norwegian carrier Flyr is looking at options to reinforce its finances, and has engaged advisers to hold discussions with existing and potential new investors. Flyr is cutting back its operations for the winter in an effort to reduce costs and it states that the talks are based on its revised ...
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NewsNorway’s Flyr halves operational fleet for winter in bid to slash costs
Norwegian operator Flyr is halving its operational fleet for the winter, reducing its route network, and shedding personnel in order to slash costs in the face of higher fuel prices and inflationary pressure.
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NewsNorway’s Flyr drops latest share offer after stock value declines
Norwegian carrier Flyr has axed plans to offer up to 62.5 million new shares in the company, after the stock’s trading value remained below the offer price. Flyr had raised NKr250 million ($25 million) during a rights issue at the beginning of the year, an issue which was oversubscribed by ...
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NewsFlyr to take up to 10 Boeing 737-8 aircraft from Air Lease
Norwegian start-up Flyr has signed a letter of intent to lease six new Boeing 737-8 aircraft from US-based lessor Air Lease.
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NewsNorwegian start-up Flyr launches flights
Norwegian start-up Flyr has carried out its first commercial flight today, a domestic service connecting Oslo with Tromso.