Flyr to operate route network with 737-800s

 The new Norwegian airline established by Erik Braathen hopes to be operational by the second quarter of the year.

Norwegian start-up Flyr has outlined a strategy to fly domestic and short-haul international routes using Boeing 737-800 aircraft.

The Oslo-based airline, founded by experienced industry executive Erik Braathen, hopes to begin commercial operations during the second quarter of the year.

During the first phase, Flyr intends to serve larger Norwegian cities and “popular” European destinations before gradually increasing its network. The carrier’s longer-term ambition is to own a fleet of up to 30 aircraft.

“We are in a situation where we can obtain the right aircraft for the right price, and where we can build our systems with new, up to date technology,” CEO Tonje Wikstrøm Frislid said. “Our goal is to provide the customers with a seamless, digital service from start to finish.”

Flyr said it would be fully funded through private investments of NOK600 million ($70 million). Arctic Securities is advising on the placement alongside two other Norwegian investment banks.

“The capital will be sufficient to fund a lean organization with the people and competencies needed,” Frislid added.

“We have said that we will adapt the number of airplanes to market demand. Adaptability and flexibility will be highly important going forward, even though the future looks brighter for the industry now than it did a few months ago.”


By David Casey - Routes Online