Norwegian low-cost start-up Flyr has declared itself bankrupt after only 18 months in service.

“Flyr was unsuccessful with the new financial plan and the board concluded on Tuesday evening that there are no alternatives for further operation,” the business said in a statement. “The company will file for bankruptcy on Wednesday morning. Flyr has now ceased trading and all flights are cancelled and will not be rescheduled.”

“Many thanks to everyone who has chosen to fly with us over the past year and a half. We will miss you all from the bottom of our hearts and deeply apologize to everyone affected by the fact that we now have to go in for landing. We encourage everyone who has booked a ticket with us to contact their credit card company for a refund.”

The bankruptcy trustee will take over all responsibility for Flyr going forward, and will share contact information on www.flyr.com as soon as it becomes available.

In a recent press release issued by Flyr, the company addresses the total passenger count for 2022, which for the full year counted to over 1.6 million, with an average load factor of 74%.