Flyr insolvency administrator sees little opportunity for creditors

The insolvency administrator of the low-cost airline Flyr, which recently went bankrupt, does not have good news for creditors. After the lawyer was able to get an initial overview, he assumes that no funds will be available for non-priority claims.

For legal reasons, the bankruptcy administrator must first take care of the servicing of so-called priority claims. This can be, for example, the wages of the employees and their social security contributions. For "normal" creditors such as suppliers and ticket holders, however, he is downright pessimistic: there is said to be so little money left in Flyr's tight coffers that there are no longer any funds for quotas.