After failing to raise the cash it needed for its operations, Norwegian airline Flyr announced it would file for bankruptcy as “There is no longer a realistic opportunity to achieve a solution for the short-term liquidity situation,” the company said in a statement. “All departures and ticket sales have as a consequence been cancelled” and more than 400 employees will lose their jobs. Flyr launched operations in mid-2021 to serve domestic destinations in Norway as well as in Europe, but weak financial markets and uncertainty over demand for air travel meant that the airline was only able to raise about half the required cash at the time. Flyr is the latest Nordic carrier (after the likes of SAS and Norwegian Air) to hit financial difficulties in recent years: the pandemic, soaring energy costs and falling consumer confidence depressed the market demand.
