Airlines
Norwegian Low-cost Carrier Flyr Files for Bankruptcy
Flyr becomes the second European airline to cease operations in a week’s time.
Flyr's Boeing 737s stand idle following the airline's bankruptcy filing on February 1. (Photo: Flyr)
Flyr's Boeing 737s stand idle following the airline's bankruptcy filing on February 1. (Photo: Flyr)

Norwegian low-cost carrier Flyr stopped all flights and filed for bankruptcy on Wednesday morning after its board on Tuesday evening saw no alternatives that would allow for further operation. The Oslo Gardermoen Airport-based airline is the second European carrier in a week’s time to collapse, following UK regional airline Flybe, which went into administration on January 28.

In a statement, Flyr noted that the “board's decision is unanimous and is due to the fact that there is no longer a realistic opportunity to achieve a solution for the short-term liquidity situation.”