Oswestry's record breaking balloonist, Per Lindstrand, has teamed up with Zip World owner, Sean Taylor, in the plans for the aerostat to be tethered on the former Sun Centre site in Rhyl.
A viewing basket will raise passengers up more than 400 feet to enjoy 360 degree views which will take in Snowdon and Liverpool on a clear day.
Mr Lindstrand said the shape of the SkyFlyer meant it could be flown in almost all weather conditions, able to withstand winds of 40 knots.
A planning application has been lodged for the site with a meet and greet office and toilet block.
The planning statement says the SkyFlyer would operate all year round, seven days a week from 8am to 10pm.
Mr Lindstrand said it would be the first SkyFlyer in Europe the successor to the company's HiFlyer.
"The pre runner to the SkyFlyer was the HiFlyer which had a spherical envelope which had a wind limitation of 25 knots. We sold 80 HiFlyers to 32 countries.
"The SkyFlyer can fly in 40 knots which makes all the difference. The gondola can fit 25 passengers given unrivalled views."
He said families and visitors to the coast wanted to do more these days that built a sandcastle.
"Everyone is looking for thrills and activities and this will be perfect for the area," he said.
"Kids love balloons and what better that to be taken up into the air by this one."
"There is no noise from the SkyFlyer and it will not be blocking views as it will be airborne."
He said if planning permission was granted work was expected to begin on the SkyFlyer in June with the project looking to open on site in March next year.
"It will be the flagship for our SkyFlyer and in a perfect position, just an hour away from our headquarters in Oswestry."
"We are very excited that this could lead to others being ordered from countries across the world."