Type
Bankruptcy
Country
Norway
Region
Norge;
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51.10 - Passenger air transport

400 jobs
Number of planned job losses
Job loss
Announcement Date
31 January 2023
Employment effect (start)
1 February 2023
Foreseen end date
1 February 2023

Description

The Norwegian air passenger company Flyr files for bankruptcy and more than 400 jobs are cut with immediate effect. The company failed to raise capital needed to continue its business, and an estate manager has taken over the responsibility for the company. The company has been in financial insecurity since the fall of 2022. The Cockpit Association of Norway organizes pilots in Flyr and strongly regrets that the company is now bankrupt. Flyr is a Norwegian low-cost airline established in 2020.  


Sources

Citation

Eurofound (2023), Flyr, Bankruptcy in Norway, factsheet number 108345, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108345.