Another airline teeters on brink of collapse after Flybe goes under

Travel chaos: Flying to be ‘more expensive’ reveals expert

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Flyr had been trying to raise money at the end of last year. It said it needs to raise funds ahead of a planned expansion in spring and summer this year.

It tried to secure funding in recent weeks of 330 million Norwegian crowns – equivalent to around £26 million, but the attempt failed.

In a statement on its website, the company said: “Flyr informed Oslo Børs [stock exchange] on Monday morning that the company has not been successful with its new financing plan.

“The company is thus in a serious financial situation, and the board will assess whether there are alternatives for continued operation.”

The airline added: “The company has no scheduled flights on Tuesday and information about future flights will be shared as soon as possible.

“We fully understand that this situation creates uncertainty among travellers. We ask everyone who has booked flights with us to visit”

Existing customers of the airline have not been pleased about the move. One wrote on Facebook: “Many of us have bought tickets and want INFORMATION on what will happen with the flights in the coming days.”

Another added: “When you advertise flights all the way up to Easter…and then you stand on the verge of bankruptcy”

The airline’s downfall comes days after UK airline Flybe cancelled all flights.

The collapse of Flybe was considered a shock for staff anc passengers after it restarted operations in April 2022 after previously collapsing in 2020.

MP for East Belfast Gavin Robinson, said the latest development had come as a “total surprise and shock”.

Flybe’s collapse has caused unrest for Belfast City Airport, where it used to be responsible for 80 percent of flights, a number which has fallen to 14 percent in recent months.

Mr Robinson told the BBC: “When I spoke to the airport they told me they first heard about this at 04:30. Belfast City Airport is hugely important and very successful in Belfast terms and in economic terms.”

As recently as last week, the airport had been discussing with Flybe their long-term plans with Flybe experiencing a fresh start.

Mr Robinson added: “It was a new beast but gave vital opportunities for those who had worked for Flybe before to get job opportunities.”

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