Flyr lands on Euronext Growth Oslo

Back

Oslo, 1 March 2021 – The low-cost carrier Flyr has today been admitted to trading on Euronext Growth (ticker code: FLYR).

Flyr is the first new airline in Europe to be listed following the outbreak of the Covid-19 pandemic. “A listing on Euronext Growth is an exciting and important milestone for Flyr. It enables us to pursue the opportunities we see in a changing market and a recovering airline industry,” says Tonje Wikstrøm Frislid, CEO of Flyr.

Recently, the company raised NOK 600 million through issuing new shares. The placement attracted strong interest from Norwegian and international investors and was multiple times oversubscribed, reported Flyr.

The new low-cost carrier focuses on serving the Norwegian market with both domestic and international connections from its operational base at Oslo Gardermoen Airport. 

“Flyr will be a robust, Norway-based low-cost carrier, with a financially sustainable, efficient and demand driven business model. We will have modern systems for operations designed by industry experts, a fully digital customer journey and a management with extensive airline experience,” continues Wikstrøm Frislid. 

The shares in the new issue were sold at NOK 5.00 corresponding to a market capitalisation of NOK 750 million.

Flyr admitted to trading on Euronext Growth Oslo

Øivind Amundsen, President and CEO of Oslo Børs, Tonje Wikstrøm Frislid, CEO of Flyr, met at the gate ahead of Flyr’s Euronext Growth arrival. (Photo: Neil Dowling)

About Flyr  Flyr is a Norwegian based low-cost carrier with a demand driven and more sustainable business model. Flyr’s primary focus is on serving the Norwegian market with both domestic and international connections from its operational base at Oslo Gardermoen Airport (OSL). The company targets a modern, digital and efficient setup to ensure high operational efficiency through simplicity, optimized resource utilization and smart use of technology. First take-off is planned during Q2 2021 and with a strategy of scaling up operations in line with the expected gradual up-tick in demand. Flyr is the first new airline in Europe to be listed following the outbreak of the Covid-19 pandemic and Flyr will be adapted and scaled to serve a post-pandemic aviation market in gradual recovery. www.flyr.no 

Press Release Footer

About Euronext
Euronext is the leading pan-European market infrastructure, connecting local economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, the Netherlands, Norway and Portugal. With close to 1,500 listed issuers worth €4.9 trillion in market capitalisation as of end March 2021, it has an unmatched blue chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates Euronext Growth® and Euronext Access®, simplifying access to listing for SMEs. Euronext provides custody and settlement services through central securities depositories in Denmark, Norway and Portugal.
For the latest news, find us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

Disclaimer
This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.

This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.

© 2021, Euronext N.V. - All rights reserved.