Showing posts with label Flybondi. Show all posts
Showing posts with label Flybondi. Show all posts

21 October, 2023

Argentina's first low-cost airline to float on Nasdaq Stock Market

Flybondi Limited, Argentina’s first and largest low-cost airline, today announced its plans to list on the Nasdaq Stock Market and its entry into a definitive business combination agreement with Integral Acquisition Corporation 1. Shares of the airline are expected to be listed on Nasdaq under the symbol “FLYB”.

Peter Yu, Chairman of Flybondi, noted: “Flybondi’s success is the product of disciplined execution by our team of 1,400 talented professionals. Despite economic and pandemic-related challenges, I believe our team has built a true world-class carrier. The planned listing will provide us the opportunity to showcase this home-grown success on Nasdaq, which hosts many of the world’s fastest-growing and most innovative companies.”

Mauricio Sana, Chief Executive Officer of Flybondi, added: “My team and I are dedicated to providing the best safety, the best service, and the best value to our millions of guests in Argentina and beyond. We are absolutely committed every day to offering our passengers La Libertad de Volar– the freedom to fly. This public listing will be an important next step in Flybondi’s exciting and dynamic growth.”

“We are delighted to introduce Flybondi to the public markets and bring this differentiated investment opportunity to our investors,” said Enrique Klix, Chief Executive Officer and Board Member of Integral 1. He added: “We were attracted by Flybondi’s potential for significant growth through a combination of organic development and increased operating leverage. We remain impressed by their competitive market position in a high-growth industry, and their operating stability driven by managerial talent and efficient systems and processes.”

Flybondi Highlights

The first low-cost airline in Argentina, Flybondi has served more than nine million passengers since its launch in 2018.
Currently, Flybondi holds a 20% market share in Argentina’s domestic air travel segment.
With operating bases in Ezeiza and Aeroparque airports in Buenos Aires, Flybondi currently serves 20 destinations across Argentina and Brazil.
With its growing fleet of Boeing 737-800s, Flybondi strives to deliver world-class operating metrics, supported by high load factors and low unit costs.

Flybondi is Argentina’s largest low-cost carrier and its second-largest airline overall, with more than 1,400 dedicated employees and a growing fleet of Boeing 737-800s. Headquartered in Buenos Aires, Flybondi currently serves 20 destinations across both Argentina and Brazil.