Start-up Flyr outlines expansion plans after securing ramp-up funding

Norwegian start-up Flyr intends to establish an employment ratio comparable to low-cost airlines within Europe, aiming for a figure of 36 employees per aircraft within five years. Flyr claims this will bring it into line with the level of Ryanair and below that of EasyJet and Wizz Air. The company describes the ratio as a “critical” performance indicator. It says the average figure of 36 would include around 10 pilots and 19 cabin crew. It points out that the planned extent of domestic operations necessitates a local crew base – and with it Norwegian salaries. “The Norwegian salary level makes it challenging to be competitive on cost per employee,” the company states. Flyr has undertaken a round of funding, raising gross proceeds of NKr600m ($71m) through a private placement and listing of shares on the Euronext Growth Oslo stock exchange. Flyr says it plans to use the proceeds to finance ramp-up of the airline’s operations, with initial services commencing in the first half of this year.<br/>