– There is so much happening now, there is so much news out there about the company. We are doing what we can now, says a tight-lipped Erik Braathen to news when we called him this morning. Last week, Flyr announced that they lost NOK 430 million in the third quarter of the year. The company will raise NOK 430 million in a crisis issue, and the deadline for this is 4.30pm on Tuesday afternoon. Crisis issue means that a company tries to find fresh money in the market to save the company, this happens through the issue of new shares at a set price. On Tuesday morning, Erik Braathen is the only investor who has injected money into the crisis issue, he has put NOK 10 million into the issue. Leasing aircraft At the same time, it became known that Flyr has entered into an agreement on the leasing of aircraft with another airline. An unnamed European airline has signed a letter of intent to lease an aircraft with crew from Flyr, and is considering leasing one more aircraft, Flyr reports via Oslo Børs’ website. GET MONEY IN: Flyr has entered into an agreement of intent to lease aircraft to another unnamed company in order to solve some of the money crunch the company is in. Photo: Torstein Bøe / Torstein Bøe The agreement is valid for nine months and starts in February. Airlines lease planes because they are trying to avoid bankruptcy. Currently, the company has five or six aircraft in operation and twelve aircraft in the fleet, and Flysmart24 writes that they want to rent out all the aircraft that are not used with crew. Without the new money in, the future of the company is uncertain. Destiny day Now at 11 a.m. a meeting began between Flyr’s management and store owner Jan Petter Sissener. – After this meeting, together with my people at Sissener Canopus, I will decide whether we want to participate in the share issue, says Jan Petter Sissener to news. To Dagens Næringsliv, Sissener says that it is stupid not to sell the shares now as the situation is. – You are stupid if you don’t take that difference when the market price is nine øre and the issue price is one øre, says Sissener to DN today. The Flyr share has fallen almost 70 per cent on the stock exchange since the announcement of the issue came out. Flyr reported an operating profit of minus NOK 279 million in August, and with this the share price plummeted. Since August, Flyr’s share price has continued to plummet, and the company’s market value has been shaved off by several hundred million kroner.
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Destiny day for Flyr: – We do what we can – news Norway – Overview of news from different parts of the country
