All Norse Atlantic Airways articles
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NewsNorse Atlantic cancels proposed follow-up share offering
Scandinavian operator Norse Atlantic has cancelled a proposed additional offering of shares, because the company’s stock price is below the threshold for issue. Norse had been considering the additional offering as a follow-up to a private placement disclosed in October. This offering would have comprised up to 12.09 million new ...
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NewsEx-SAS commercial chief takes over as head of Norse Atlantic Airways
Scandinavian long-haul carrier Norse Atlantic Airways has named former SAS chief commercial officer Eivind Roald as its new chief executive. Roald succeeds founder Bjorn Tore Larsen with immediate effect. Larsen will continue supporting the airline’s development through the role of board chair. “This is a result of a process to ...
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NewsFull-year profit to elude Norse Atlantic as transatlantic market softens
Norse Atlantic Airways admits that it will be unable to achieve its ambition of full-year profitability this year, after its third quarter was affected by soft transatlantic demand and one-off costs. The Scandinavian low-cost airline’s chief, Bjorn Tore Larsen, says there is “tough competition” on core transatlantic routes. This softening, ...
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NewsNorse Atlantic raises funds with share placement and considers follow-up offering
Scandinavian carrier Norse Atlantic has raised around NKr113.7 million ($11.4 million) from a private share placement, and is considering a follow-up offering. The private placement comprised 14.78 million new shares, equating to about 9.1% of the capital. Norse Atlantic is considering a potential subsequent offering – covering up to 12.09 ...
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NewsNorse Atlantic sees glimmers of profitability as new strategy takes hold
Norse Atlantic has turned in its first operating profit for the second quarter, a figure of $4.4 million, as positive momentum from the beginning of the year continued into the summer.
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NewsNorse Atlantic appoints deputy chief executive
Scandinavian long-haul budget carrier Norse Atlantic has named Kristin Berthelsen as its deputy chief executive. Berthelsen previously held the post of chief of staff and culture officer at the airline. Norse Atlantic chief Bjorn Tore Larsen says she has been “integral” to the carrier’s progress since its started up in ...
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NewsNorse Atlantic slashes losses as 787 leases help lift first-quarter revenues
Norse Atlantic Airways has slashed its first-quarter losses, bringing down its operating loss for the period by 90% and its net loss by more than 75%. It is aiming to deliver full-year profitability for 2025 following a revision of its business model, under which it intends to offset seasonal fluctuations ...
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NewsNorse Atlantic drops proposed supplemental share offer
Low-cost long-haul operator Norse Atlantic Airways has cancelled a proposed supplemental share offering, because the carrier’s stock price does not warrant the issue. Norse Atlantic carried out a private share placement in November last year which raised NKr96.4 million – about $8.7 million at the time – and intended to ...
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NewsNorse Atlantic expects accounting gain as it hands back 787-8 fleet
Long-haul operator Norse Atlantic Airways has handed back all its three Boeing 787-8s to their lessors, to focus on its 787-9 fleet. The aircraft had originally been delivered to the Scandinavian carrier in 2022 and were dry-leased to Spanish operator Air Europa. Norse Atlantic adopted a revised business plan last ...
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NewsNorse Atlantic credits revamped business strategy for slashing losses
Norse Atlantic Airways is crediting its new commercial strategy for slashing losses, as it seeks to balance its scheduled operation with wet-lease activity. The carrier is focusing on a fleet of 12 Boeing 787-9s after opting to return all three of its 787-8s to lessors. Two of the 787-8s were ...
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NewsIndiGo discloses initial route plans for leased Norse 787
Indian operator IndiGo will initially put damp-leased Norse Atlantic Boeing 787 capacity on the Delhi-Bangkok route, the carrier has disclosed. IndiGo says the 787-9 lease is part of an “internationalisation strategy” ahead of its receiving long-range Airbus A321XLRs next year and A350s in 2027. The first 787 will be deployed ...
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NewsNorse to open another transatlantic connection to Los Angeles
Long-haul budget carrier Norse Atlantic Airways is opening a new connection to Los Angeles, from the Greek capital Athens. Norse Atlantic says it will commence the transatlantic service on 3 June. It will operate four-times weekly using Boeing 787s, the only aircraft type used by the carrier. Norse Atlantic already ...
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NewsNorse Atlantic’s founding shareholder injects $15 million in new funding
Norse Atlantic Airways has obtained around $15 million in new capital through a combined equity and loan transaction by its founding shareholder. It disclosed the support as it posted a third-quarter operating profit of $4.6 million, but a net loss of $6.3 million – a contrast to last year’s narrow ...
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NewsNorse reaches preliminary agreement to wet-lease six of its aircraft next year
Scandinavia’s Norse Atlantic Airways has tentatively agreed a wet-lease for six of its aircraft to another carrier, the identity of which has yet to be disclosed. Norse Atlantic exclusively operates a fleet of Boeing 787s. It states that the wet-lease – still the subject of a letter of intent – ...
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NewsNorse Atlantic to establish Asian route from Stockholm Arlanda
Norse Atlantic Airways is expanding its Scandinavian reach by establishing an operation from Stockholm Arlanda next year. It will open a twice-weekly route from Stockholm to Bangkok from the end of October 2025, the beginning of the winter season. Norse uses a fleet of Boeing 787s. The aircraft will be ...
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NewsNorse Atlantic to open new link to Los Angeles
Long-haul low-cost carrier Norse Atlantic Airways is opening a transatlantic service between Rome Fiumicino and Los Angeles next year.
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NewsNorse looks to concentrate on profitable routes and shift capacity to long-term charters
Norse is expecting to deploy at least half its aircraft capacity on wet-lease and charter services over the winter season, and signals that it is looking to de-risk its operation by entering longer-term external capacity agreements. The airline has been revising its business plan, to strengthen its financial footing, following ...
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NewsNorse withdrawing its sub-leased 787-8s to focus exclusively on 787-9 fleet
Scandinavian carrier Norse Atlantic Airways is to withdraw its three Boeing 787-8s, in order to establish a uniform fleet of 787-9s. It uses 12 787-9s in its own operation but also has three -8s which have been subleased to Spanish carrier Air Europa. Norse states that it has agreed in ...
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NewsNorse claims first Norway-Australia nonstop with chartered 787-9 flight to Darwin
Norse Atlantic Airways has conducted a service between Oslo Gardermoen and Darwin, claiming the first nonstop flight between Norway and Australia. The long-haul budget carrier operated the charter flight with a Boeing 787-9 (LN-FNB) – powered by Rolls-Royce Trent 1000 engines – which took off at about 06:50 on 3 ...
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NewsNorse Atlantic eases liquidity pressure with revised credit-card payment terms
Long-haul low-cost operator Norse Atlantic Airways has eased some of its financial pressure through an agreement which releases cash from credit-card payment providers. The airline had disclosed earlier this month that it was encountering near-term cash and liquidity issues after a weaker-than-expected second quarter. While summer bookings have been “satisfactory”, ...