Norwegian airline Flyr is filing for bankruptcy.
The loss-making airline made the announcement on Tuesday, saying it had failed to raise the cash it needed for its operations.
“All departures and ticket sales have as a consequence been cancelled,” the company said in a statement.
More than 400 employees will lose their jobs as a result of the bankruptcy, Flyr founder and board Chair Erik Braathen told Norwegian daily Dagbladet.
What happened to Flyr?
Flyr launched operations in mid-2021 to serve domestic destinations in Norway as well as in Europe.
On 4 October, the company said it would make heavy spending cuts, including furloughs, to preserve cash during the winter, and put non-profitable routes on hold.
In November, Flyr
→ Continue reading at Euronews
