Play sees traffic figures grow following Iceland launch

New Iceland-based provider, Play, has seen passenger numbers proceed to extend following its launch this summer season.

For its first month of flight operations in June, the airline welcome 9,899 passengers with the load issue at 42 per cent.

August confirmed a promising development, as ticket gross sales elevated and the outbound market from the North Atlantic vacation spot recovered.

Load think about August was 46 per cent, and Play carried greater than 17,300 passengers.

The load issue is predicted to rise once more in September when figures are launched.

Another important milestone got here in August as Play signed two letters of intent with two plane lessors.

When accomplished, these preparations will improve the fleet dimension from three to 9 plane, whereas Play can be in closing negotiations to lease a tenth plane.

The first letter is for 2 new A320neo plane, manufactured in 2020.

The plane might be delivered within the first quarter of 2022.

The second deal is for 3 A320neo and one A321neo 2023 plane, which can come into operation in spring 2023.

All 4 plane might be delivered new straight from Airbus to Play although the lessors.

The provider is thus on observe to launch operations to North America in 2022, an announcement stated.

Play at the moment employs 131 individuals and the growth would require additional hiring of round 150-200 individuals.

In April, the brand new provider raised US$47 million via non-public placement, whereas an additional US$34 million got here via an preliminary public providing.

Play is now listed on the Nasdaq First North Growth Market Iceland.

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