Norwegian low-cost airline Flyr has run out of money just 19 months after its first commercial flight. On February 1, 2023, the carrier had to file for bankruptcy with the responsible municipal court in Oslo. Flight operations were already discontinued on Monday evening.

For several months there have been clear signs that that Flyr has acute financial problems. A capital market bond could investors not convince, because far too few investors subscribed to them. Then you wanted with a financier establish alternative funding, but this failed. Due to a lack of capital, one had to drastically cut the 2022/23 winter flight schedule.

On Monday, the low-cost airline then announced that the flights scheduled for Tuesday, January 31, 2023. You will be informed promptly about the further procedure. This has also happened in the form of the information that you have to file for bankruptcy. The board of directors passed the resolution unanimously because they see no realistic chance of being able to solve the liquidity problems in the short term.

Flight operations remain suspended. An insolvency administrator appointed by the court will shortly obtain an overview. If necessary, he will try to sell it to a potential investor. It is considered unlikely that Flyr will ever take off commercially again. Trading in the company's shares has already been suspended on the Oslo Stock Exchange.