newstodate.aero

Feb 11, 2021 (newstodate): The new low-cost airline under formation in Norway, Flyr is now opening for emitting shares to bolster its launch of services.
   The company is issuing shares to raise NOK 600 within a few days - and unofficial sources claim that the goal was reached already on the first day of trading.
   Following a successful private placement, the new airline will be fully funded up to a fleet of 28-30 aircraft, with operations on domestic and international routes out of Norway, a Flyr statement reads.
   -The Flyr model is designed for the air industry going forward. In addition to being fully funded, a listing on Euronext Growth will enable us to pursue opportunities in a recovering market, says Tonje Wikstrøm Frislid, CEO of Flyr, in the release out today.
   Due to the availability of aircraft and crew a rapid and demand driven scale up is possible. Flyr will initially focus on ensuring efficient and safe domestic air transportation in Norway, and gradually expand its network to popular destinations in Europe.
   Depending on the developments around the Covid-19 pandemic and the granting of its AOC, the carrier plans to launch flights on June 1, 2021, with an initial fleet comprising eight leased Boeing 737-800 aircraft.
   In the first phase, the network will cover flights from Oslo to 12 destinations including five outside Norway, with Copenhagen on the list.
   In a second phase, the fleet will grow to 20 aircraft and the network will cover 23 destinations, now also including Stockholm, and in a phase 3 the fleet will contain up to 28-30 aircraft with flights also from Bergen, Stavanger and Trondheim and serving a network adding flights also to the three Baltic states.
   Still pending is the Norwegian CAA's handling of Flyr's application by October 28, 2020, for an AOC, but bookings will open by April 2021.