08.02.2023 - 11:43 UTC
Norwegian (Oslo Gardermoen) has signed a letter of intent (LOI) with Air Lease Corporation (ALC) to lease six B737-8s, in addition to three of the same type it has already agreed to take from the lessor, of which one was recently delivered to the carrier. The six aircraft were previously operated by Flyr (Norway), which filed for bankruptcy a week ago.
The final agreement with ALC is subject to certain closing conditions, but all six aircraft “are to be delivered in a short time to Norwegian, in good time ahead of the summer 2023 season,” the airline said in a statement on February 6.
“The addition of these modern and fuel-efficient aircraft fits well with our fleet strategy. It will also help counteract delays from Boeing for other aircraft that were due to be delivered to Norwegian this spring,” said Norwegian CEO Geir Karlsen.
According to the ch-aviation fleets advanced module, before its demise Flyr operated a fleet six B737-8s, all of which ALC dry-leased to it...
01.02.2023 - 09:47 UTC
Flyr (Norway) (Oslo Gardermoen) has said it will file for bankruptcy on the morning of February 1 at Oslo City Court. It “was not successful with a new financing plan” and the board concluded on the evening of January 31 that there are “no alternatives for further operation,” it said in a statement and accompanying stock exchange filing.
“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,” it said.
“All of Flyr’s flights have been cancelled and ticket sales have stopped. We encourage everyone who has booked a ticket with us to contact their credit card company for a refund,” it advised.
Flyr had already warned earlier in the week about its unsuccessful attempts to raise capital and a critical short-term liquidity situation.
An executor will take over all responsibility for the company, and more information on the bankruptcy proceedings will be provided when a bankruptcy trustee has been appointed, Flyr said....
30.01.2023 - 15:41 UTC
Flyr (Norway) (Oslo Gardermoen) has said it is “in a serious financial situation” after failing to raise the capital it needed, and its board will now “assess whether there are alternatives for continued operation.” As its stock price plummeted, it assured in one of its statements issued on January 30 that “today’s flights are running as normal.”
The loss-making carrier said it had informed the Oslo Stock Exchange on the morning of Monday, January 30 that the company “has not been successful with its new financing plan.” That same day’s flights from Oslo to Alicante, Gran Canaria, and Malaga will operate, it pledged, adding: “The company has no scheduled flights on Tuesday and information about future flights will be shared as soon as possible on flyr.com.”
In its Oslo Børs filing, it lamented that “market conditions and continued uncertainty with regards to airline travel and earnings through 2023 have deterred investors from committing capital for the required period of time, in spite of the company’s wet-lease opportunities and improving ticket sales.”...
21.12.2022 - 11:05 UTC
Flyr (Norway) (Oslo Gardermoen) has applied to the US Department of Transportation (DOT) for a foreign air carrier permit to operate chartered and ACMI flights from November 2023, following what it said had been “an increasing number of requests from North American companies.”
It announced in an Oslo Stock Exchange filing on December 19 that it would send its application later that day, explaining that its “updated strategy includes taking advantage of commercial opportunities outside of its home market in the low season.”
Flyr, which last month managed to secure enough funds to survive the current lean European winter season, has spied opportunities across the Atlantic where “the shortage of aircraft and crews in the North American market increases the demand for charter and wet lease operations.”
The airline “is diversifying its production to meet seasonal demand and reduce risk” with the aim of “building a financially sustainable airline.” This means it will base several of its aircraft and crew in other markets, such as North America, in future winter seasons when...
