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.
A look at the startup airlines entering the market in 2021
While airlines have been heavily impacted by the COVID-19 outbreak, some entrepreneurs in the space are taking the crisis as an opportunity to embark on new ventures. Ahead of the recently announced FTE APEX New Airlines C-Suite Summit, which will take place during Virtual Expo 2021 (25-26 May), we take a look into some of the startup carriers entering the global airline market in 2021.
Wizz Air Abu Dhabi
Wizz Air Abu Dhabi took off on 15 January with its first flight to Athens from Abu Dhabi.
Wizz Air Abu Dhabi, the newest national airline of the United Arab Emirates, took off on 15 January with its first flight to Athens from Abu Dhabi. The ultra-low-cost carrier’s (ULCC) second route took place from Abu Dhabi to Thessaloniki on 4 February. The new airline initially announced a route network that also includes Alexandria, Kutaisi, Larnaca, Odesa and Yerevan. Flights to these cities will launch as each destination jo
MIAMI– Yesterday, Flyr (Norwegian word for flying) held a press conference detailing the formation of Norway’s newest carrier set to enter the domestic market and serve some European destinations to/from the country.
Airlines throughout the world have suffered over the last year as a result of the COVID-19 pandemic. Collectively, airlines have lost billions, with hundreds of aircraft now in long term storage with no sign of them returning.
However, there is new light for the airline industry with the unveiling of this new Norwegian airline, which, despite the pandemic, is now set to take aim at Norwegian Air (DY) and Wizz Air (W6).
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