Norwegian start-up airline Flyr has filed for bankruptcy after failing to secure further funding with all future flights being cancelled.
The Oslo-based company, which was set up in 2020, becomes the second European airline to cease trading in the past few days after UK regional carrier Flybe collapsed for a second time in three years last weekend.
Flyr, which had a fleet of 12 Boeing 737 aircraft, operated short-haul services from Oslo to European cities such as Barcelona, Paris, Rome and Nice.
“Flyr was unsuccessful with the new financial plan and the board concluded on Tuesday evening (31 January) that there are no alternatives for further operation,” said the airline in a statement.
“The company will file for bankruptcy on Wednesday morning (1 February). Flyr has now ceased trading and all flights are cancelled and will not be rescheduled. Many thanks to everyone who has chosen to fly with us over the past year and a half.”
The airline said passengers with bookings should contact their credit card company for refunds. A bankruptcy trustee will be appointed in Norway to take responsibility for the failed company.