Trading starts in shares of Icelandic carrier Play

Budget start-up budget carrier Play has seen shares listed in its home country of Iceland.

Market trading on Nasdaq First North Growth Market Iceland follows the airline’s share offering where demand was eightfold the supply.

It follows the start of flights between Reykjavik and Stansted in June using one of Play’s pair of 192-seat Airbus A320neo aircraft with one-way fares starting at £30.

To mark the start of market trading the stock exchange bell was rung at 12,000 feet over Iceland.

The fleet will rise to three aircraft this summer.

Play plans to add destinations in North America in early 2022, offering low-cost options for long-haul journeys.

Chief executive Birgir Jonsson said: “After a successful IPO, our inaugural flight and now trading of our shares, these past few weeks will be remembered for a long time.

“Our staff has worked wonders and we are well prepared to maximise the opportunities post-Covid.

“I think we can be allowed a little optimism now that we can start rebuilding Iceland’s aviation and tourism sectors.”

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