As early as November 2022, the low-cost airline Flyr had serious financial problems. At that time, a new business plan including investors was presented. This now seems to have burst, which dramatically aggravates the situation. Flight operations are still running according to plan, but there should be no more flights on Tuesday.

The company announced as follows: "The business plan, which was published in November 2022, assumed a certain share price. However, over time, the share price underperformed what was needed to implement the plan. The company has therefore been working on solutions since before Christmas to obtain the necessary capital for an alternative financing plan".

Flyr saw a lot of demand for charter flights and ACMI charter flights for other airlines. Before Christmas, Flyr reached an agreement with a European airline to operate six aircraft in the summer of 2023. The board and financial advisors were confident that this agreement would lead to the success of the business plan. But things turned out very differently than expected: "Unfortunately, Flyr was not successful with the alternative business plan and is now in a situation in which the board has to examine whether there are alternatives for continued operation," says company boss Erik Braathen.

Regular flights are to continue on Monday, although only Málaga, Alicante and Las Palmas will be headed for anyway. All flights have been canceled for January 31, 2023. We want to be informed as soon as possible about how things will continue.

Flyr further states: “Flyr will provide updated information as soon as possible and understands that this situation is causing uncertainty among travelers. The company is asking everyone who has booked travel to contact Flyr directly or visit www.flyr.com for more information."