Flyr concedes it could have to stop flying

Norwegian carrier Flyr could be the next small carrier to run into trouble after the recent collapse of Flybe. It has announced it has not raised enough capital to proceed with a wet lease deal agreed in December 2022 for six aircraft, meaning there is “no guarantee” it could continue to fly. The lease agreement followed a November financing plan the carrier said was not working as planned, in part as it required getting more cash by the end of the first quarter of 2023 to cover costs related to the European Union’s emissions trading scheme. “The share price of