The airline had departures from Porto to Oslo, Norway.
"Flyr was not successful with the new financial plan
and the board [of directors] concluded that there are no alternatives for the
future operation. The company filed for insolvency on February 1, 2023. Flyr
ended operations and all flights have been cancelled and will not be
rescheduled," reads the airline's website.
According to Reuters, more than 400 employees will lose
their jobs as a result of the airline's bankruptcy.
Flyr was started by Erik G. Braathen, an industry veteran,
and was headquartered in Oslo.