JOHN Menzies has won a contract to provide ground services for a new airline that is targeting the tourist market amid hopes the rollout of coronavirus vaccines will fuel a recovery in the sector. The Edinburgh-based aviation services firm has been appointed to support Norway’s Flyr at the airline’s base at Oslo Gardermoen airport and at Nice Côte d’Azur Airport on the French Riviera. The company said it would provide passenger, ramp and de-icing services under the three year contract, without disclosing how much it would be worth. It noted: “These agreements will further strengthen Menzies’ operations in both of these key airports and represent up to 6,000 turns per year across the two stations.”
By Graham Dunn2021-06-02T09:21:00+01:00
It has been more than a year since the Covid crisis first brought the shutters down on international air travel, with many markets remaining that way for much of the time since.
There has been no escape, even for the most successful of operators, from collapsing revenues and the need to quickly bolster liquidity as airlines have been forced to dig in for the duration.
Source: Jon Hemmerdinger / FlightGlobal
David Neeleman opens a bottle of champagne ahead of Breeze Airways’ inaugural flight from Tampa to Charleston, South Carolina, on 27 May 2021.
Yet even these most challenging conditions for air travel – and with no guarantees of when a ‘new normal’ market will emerge and in what form – have not been enough to deter new players.
Startup airline Flyr has started selling tickets for its first flights at rock-bottom prices. Norwegian and SAS have responded. Pandemic? What pandemic! That seems to be the message from Norway's airlines as prices plunge on
LONDON – Flyr, the new airline in Norway wants to start its IPO journey by applying with Euronext Growth to be listed in the Oslo Stock Exchange.
The Company seeks to raise NOK 600m (US$70.84M) in a private placement valuing the company at NOK 750m (US$88.56m) and has already received a commitment of NOK 165m (US$19.48) from cornerstone investors.
Arctic Securities, Carnegie, and Sparebank Markets are retained to assist the Company in the planned private placement of new shares in the Company followed by a listing of its shares on Euronext Growth. The expected first day of trading will be on March 1, 2021.