Flyr fails to raise new equity it wanted, now aims for a smaller cash infusion

Flyr (Oslo) failed to raise the amount of capital it said it needed to survive the winter season and for its ramp-up for the coming summer season according to Reuters.

According to Reuters, “under the revised plan, Flyr will initially raise 250 million Norwegian crowns ($24.4 million) in a private placement and up to 100 million from a subsequent offering to current shareholders, less than the 530 million crowns it had aimed for”.

Here is the offering:

Top Copyright Photo: Flyr Boeing 737-8 MAX 8 LN-FGJ (msn 65903) BFI (Brian Worthington). Image: 959345.

Flyr aircraft photo gallery: