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Flyr AS

M&A Activity Jan 23, 2023

3601_iss_2023-01-23_568a9c54-1c40-4b96-8cf4-fd633bb39d0a.html

M&A Activity

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Flyr sign letter of intent for charter flights

Flyr sign letter of intent for charter flights

Flyr and an undisclosed partner have signed a letter of intent for charter

flights from May to October 2023. The agreement has a minimum value of 90

million NOK.

"We are proud that yet another company demonstrates its confidence in Flyr and

our product. We look forward to reaching a final agreement that will give our

partner's guests the great Flyr experience," said Chief Commercial Officer

Thomas Ramdahl at Flyr.

Flyr's updated business plan means that we diversify our route portfolio and

adapt capacity to seasonal demand. Consequently, we will offer flights for other

companies in periods of lower demand and in cases where we believe it gives us

added value.

For further information, please contact:

Lasse Sandaker-Nielsen, Chief Corporate Affairs Officer

Email: [email protected]

About Flyr

Flyr is Norway's new airline that in just over a year in the air has excited the

market with popular destinations, affordable fares, and friendly service. The

route network includes several destinations in Norway, several European cities

such as Paris, Rome, Brussels, Berlin, and Barcelona, as well as typical holiday

destinations such as Alicante, Malaga, and Las Palmas. During the summer season,

the company also offers flights to a number of other destinations in Portugal,

Greece, Croatia, and Italy. All of Flyr's 450 dedicated colleagues are

permanently and directly employed by the airline. Flyr has a fleet of 12 Boeing

737-800 and Boeing 737-8 aircraft with an average age of about five years. This

makes the fleet the most modern, most fuel-efficient, and most environmentally

friendly in the Nordics. Since it took to the skies, 1.8 million have chosen to

travel with the airline, and 350,000 are members of the loyalty program. The

company's latest systems enable easy and efficient operations with few

resources. New technology also makes it possible to offer guests a fully digital

journey from booking to arrival at the destination.

To learn more, visit www.flyr.com.

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements according

to section 5-12 of the Norwegian Securities Trading Act. The information was

prepared by Brede Huser, CEO and CFO at Flyr AS, on the time and date provided.

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