Flyr takes delivery of its first Boeing 737-8 MAX 8 via ALC

Air Lease Corporation (ALC) delivered the first Boeing 737-8 MAX 8 (LN-FGF) to Flyr on February 22, 2022.

Flyr is to deliver a total of six new Boeing 737-8 aircraft to the Norwegian carrier. The aircraft are being delivered in the first half of 2022.

Photo below: LN-FGF over Seattle prior to the delivery.

Fly also has an option for four additional aircraft in 2023.

On the economic side, the new airline issued this statement:

Fourth quarter 2021 was characterized by the Omicron wave of the Covid-19 pandemic impacting demand for air travel significantly. Despite the challenging market conditions, Flyr continued the building and development of the company to become an efficient and flexible low-cost carrier.

Highlights

  • Operations developing according to plan
  • Two new aircraft received, increasing the fleet to 5 aircraft in operation by end of the quarter
  • Load factor strongly impacted by Covid Omicron wave and government-imposed restrictions.
  • Adjusting route offering to adapt to market development and minimizing financial effects of the pandemic
  • Proven concept with robust and flexible operations and high customer satisfaction
  • Signed aircraft order for 6 new 737-8 aircraft to be delivered during 2022, with option for further 4 aircraft. Positioned for building an environmentally efficient fleet
  • Raised NOK 250 million in new equity, re-establishing financial buffer
  • Improving load factor into 2022 and preparing operations for market recovery
  • 44 routes to 38 destinations planned for the summer program

Entering 2022, all administrative and organizational functions are in place, the fully integrated booking-system is delivering on promises, the company’s brand name recognition is growing, and the company’s on-time performance has been excellent.

Commenting on the fourth quarter, CEO Tonje Wikstrøm Frislid says:

“Flyr is progressing according to plan, and we have been very well received in the market. We are very happy with the development and after a period heavily influenced by Omicron and government- imposed restrictions, we are now prepared for the summer season where we will offer 44 routes to 38 destinations.”

Adapting to the volatile market conditions, the company has swiftly adjusted production and offering, proving the organizations inherent flexibility.

The company’s strategy of demand driven growth remains, targeting domestic routes and selected European leisure destinations. Since commencement of first flights on June 30th, 2021, Flyr expanded its fleet with four aircraft, utilizing favorable terms securing capacity to fulfill the company’s long-term ambitions.