US airline JetBlue is offering low-cost trans-Atlantic flights. But is it jumping the gun? After all, travel restrictions still apply, and low-cost offers of other carriers have met with failure.
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Troubled low-cost carrier Norwegian Air has emerged from bankruptcy protection. Here's what to expect from the new Norwegian. Following financial struggles compounded by the pandemic, Norwegian Air has emerged from a six month period of
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Norway’s exciting new airline, Flyr, has announced that it is ready to hit the skies in the second quarter of this year with its Boeing 737-800 aircraft. The carrier is looking to hit the ground running as it plans significant cash-raising initiatives.
The Boeing 737-800 is the airline’s initial aircraft of choice. Photo: Flyr | NTB Kommunikasjon
Sourcing the funds
Flyr will begin the IPO process by applying with Euronext Growth to be placed on the Oslo Stock Exchange. The carrier is looking to raise NOK 600 million ($71 million) in a private placement valuing the business at NOK 750 million ($88.7 million) and has already received a commitment of NOK 165 million ($19.5 million) from cornerstone investors. The first day of trading is planned to be on or about March 1st.