Flyr has completed its private placement and has succeeded in raising gross proceeds of NOK 600 million through the allocation of 120,000,000 new shares at a price of NOK 5 per share. The new airline company stated that its private placement “attracted strong interest from Norwegian, Nordic and international high-quality institutional investors and was multiple times oversubscribed”. Four cornerstone investors were allocated shares for NOK 165 million: Nordea Investment Management NOK 60 million; Tycoon Industrier AS NOK 50 million; Sissener AS NOK 30m; and Apollo Asset Limited NOK 25 million. Flyr intends to use the net proceeds from the primary offering to

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