European airline goes bust and cancels all flights

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European airline goes bust and cancels all flights
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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 …

AN airline in Europe has gone bust, and confirmed that all flights have now been cancelled.Norwegian airline Flyr has cancelled all flights after being "unable to raise cash to keep operating"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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