Flyr bankruptcy may carry EU ETS lessons for lessors

Norwegian low-cost carrier Flyr filed for bankruptcy and ceased trading on 1st February after an “unsuccessful” new financial plan and determining it had no alternatives for further operation. Having only launched operations in Summer 2021 amid pandemic headwinds, Flyr had a short existence but one with valuable lessons on the impacts of EU Emissions Trading Scheme (ETS) obligations on airlines and, potentially, lessors.

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