European airline goes bust and cancels all flights
AN airline in Europe has gone bust, and confirmed that all flights have now been cancelled.
It comes just days after Flybe went bust.
Last week, thousands of passengers were left stranded after UK airline Flybe closed, ceasing all flights.
Norwegian airline Flyr has since said they have been unable to raise cash to continue the start-up, and will be forced to file for bankruptcy.
In a statement on their website, they said: "Flyr was unsuccessful with the new financial plan and the board concluded on Tuesday evening that there are no alternatives for further operation.
"The company will file for bankruptcy on Wednesday morning. Flyr has now ceased trading and all flights are cancelled and will not be rescheduled."
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More than 400 employees will lose their jobs as a result of the bankruptcy, Flyr founder and board Chair Erik Braathen told Norwegian daily Dagbladet.
In November, Flyr said raising cash was vital for the company to survive the winter season and prepare for a ramp-up in spring and summer of 2023, but it was only able to raise about half the required cash at the time.
The company said it had tried in recent days to secure funding of 330 million Norwegian crowns (£26million) but the effort failed.
Worried passengers commented on their Facebook page - one person wrote: "Many of us have bought tickets and want INFORMATION on what will happen with the flights in the coming days."
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Another said: "When you advertise flights all the way up to Easter...and then you stand on the verge of bankruptcy."
The low-cost airline launched in June 2021, with flights across Europe including Spain, Italy and France.
Carrying around 1.6million passengers last year, there were plans for the airline to launch flights to and from the UK.
Flights between Oslo and Edinburgh launched last February although were later scrapped.
New Gatwick flights were due to start in March 2023.
Norway currently has its flag carrier Norwegian Air and its budget carrier Norse Atlantic Airways, which launched in 2021, operating flights.
Norwegian was forced to scrap their US flights in 2021 which once offered bargain fares between the UK and New York.
And last year, Norse Atlantic launched cheap flights from London Gatwick to New York.
