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FLYR: Flyr applies to U.S. Department of Transportation for foreign air carrier permit

FlyrRegulatory press release2022-12-19 12:58
Following an increasing number of requests from North American companies to
operate charter and wet lease flights, Flyr will today apply to the U.S.
Department of Transportation for a permit to operate non-scheduled charter and
wet lease flights in and out of the U.S. Flyr's updated strategy includes taking
advantage of commercial opportunities outside of its home market in the low
season.

"The shortage of aircraft and crew in the North American market increases the
demand for charter and wet lease operations. As Flyr can deliver an attractive
product consisting of state-of-the-art aircraft and professional crews to many
of the customers who have reached out to us over the past months, we will today
apply for or a U.S. foreign air carrier permit so that we may offer non
-scheduled charter and wet lease flight from November 2023," said CEO Brede
Huser of Flyr.

To build a financially sustainable airline, Flyr is diversifying its production
to meet seasonal demand and reduce risk. Consequently, the airline will in the
winter season where demand in Europe is lower, utilize several of its aircraft
and crew in other markets such as North America.

"Flyr is a modern, small and flexible airline, which can adapt quickly to market
changes and demand. The opportunities we now see in North America secure revenue
in the low season in Europe while it also gives some of our amazing pilots and
cabin crew the opportunity to work in a different country during parts of the
year," said Huser.

For further information please contact:

Brede Huser, CEO / CFO

Email: brede.huser@flyr.com

About Flyr

Flyr is a Norwegian based low-cost carrier with a demand driven business model
and a primary focus on the Norwegian market. The company targets a modern,
digital, and efficient setup to ensure high operational efficiency through
simplicity, optimized resource utilization and smart use of technology. Flyr AS
is listed at Euronext Growth under the ticker FLYR.

To learn more, please visit www.flyr.com.