Inactive Instrument

Flyr AS

FLYR

NO0010931900

Airline Flyr to raise $51 million amid financial strain

November 03, 2022 at 02:19 am

OSLO (Reuters) - Loss-making airline Flyr plans to raise up to 530 million Norwegian crowns ($50.73 million) in new equity to alleviate a "very strained financial situation", the Norway-based carrier said on Thursday.

($1 = 10.4475 Norwegian crowns)

(Reporting by Terje Solsvik, editing by Stine Jacobsen)

Latest news about Flyr AS

FLYR for Hospitality Now Available on Oracle Cloud Marketplace	03-04	CI
Flyr Partners with RateGain Travel Technologies Limited to Offer Hoteliers with A Holistic Solution for Aidriven Rate Optimization Across Distribution Channels	02-27	CI
JetBlue Extends Partnership with FLYR, Doubling Down on AI-Driven Travel Intelligence	01-08	CI
BWH Hotels Scandinavia?s Revenue Center Selects FLYR for Hospitality as Preferred Revenue Management System	12-05	CI
Roam Around, inc. announced that it has received $1 million in funding from Flyr AS and other investors	11-20	CI
Norwegian Air eyes 20% gain in summer ticket prices on solid demand	23-02-16	RE
Norwegian Airline Flyr To File For Bankruptcy After Failing To Secure Funds	23-01-31	MT
Norwegian airline Flyr files for bankruptcy	23-01-31	RE
Norwegian airline Flyr files for bankruptcy	23-01-31	RE
Norwegian Carrier Flyr Plunges 70% After Failure to Raise Funds	23-01-30	MT
Airline Flyr faces liquidity crunch	23-01-30	RE
Azul to Implement FLYR Labs' AI Platform	23-01-26	MT
Flyr Inks NOK90 Million Letter of Intent for Charter Flights in 2023	23-01-23	MT
Flyr Signs Letter of Intent for Charter Flights	23-01-23	CI
Flyr AS Signs Agreement for Charter Flights	23-01-17	CI
Flyr Records 1.6 Million Guests in First Full Year of Operations	23-01-06	MT
Flyr AS Reports Traffic Results for the Month of December 2022	23-01-05	CI
Norway's Flyr Applies For US Foreign Air Carrier Permit	22-12-19	MT
Flyr AS Reports Traffic Results for November 2022	22-12-07	CI
Norwegian Carrier Flyr Appoints CFO as New CEO	22-11-25	MT
Flyr AS Announces CEO Changes	22-11-25	CI
Airline Flyr plans smaller share issue, eyes more cash later	22-11-09	RE
Flyr Flags Alternative Proposal from Investor Group After $42 Million Placement Deal Falls Short	22-11-08	MT
Factbox-Europe's travel disruption stretches into autumn	22-11-04	RE
Flyr AS Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-03	CI

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Company Profile

Flyr AS is a Norway-based low-cost passenger airline. The Company was founded in 2020 and is focused on serving the Norwegian market with domestic and international flights from its base at Oslo Airport. Flyr targets a modern, digital and efficient setup to ensure high efficiency through simplicity, optimized resource utilization and smart use of technology. It offers flights to Norwegian and other European destinations. All customer bookings and changes have to be made using the Flyr mobile app.

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