All Norse Atlantic Airways articles
-
NewsNorse Atlantic further diversifies by unveiling South African route
Long-haul budget carrier Norse Atlantic Airways is opening services to the South African city of Cape Town from London Gatwick later this year. It will start operating the route on 28 October, ahead of the southern hemisphere summer. Norse, which exclusively uses Boeing 787s, says it will serve Cape Town ...
-
NewsNorse Atlantic shareholders provide loan as carrier prepares for summer cash stream
Long-haul budget carrier Norse Atlantic Airways has obtained additional liquidity through a $20 million shareholder loan. The loan has been granted by Scorpio Holdings and BT Larsen & Co, the two largest shareholders in the airline company. Scorpio has 21.2% of Norse while BT Larsen – which is controlled by ...
-
NewsNorse Atlantic rolls dice on Las Vegas as US expansion continues
Norse Atlantic Airways will add Las Vegas to its US map in September, amid a network shift to boost profitability.
-
NewsNorse Atlantic claims ‘clear path’ to profitability after first full year of operations
Norse Atlantic Airways has turned in a $135 million operating loss for its first full year since start-up, but insists it sees a “clear path to profitability” year-round. The Scandinavian long-haul budget carrier, which commenced flights in June 2022, made a net loss of $168 million on revenues of $439 ...
-
NewsNorse Atlantic regulates summer 787 capacity as it prolongs subleases
Scandinavian long-haul budget carrier Norse Atlantic Airways is to extend subleases on four Boeing 787s in its fleet. Three of its 787-8s will have their sublease prolonged by up to a year. These aircraft will return to the Norse operation between the end of March and end of May 2025, ...
-
NewsNorse Atlantic to explore strategy options including part-ownership by another carrier
Scandanavian low-cost long-haul carrier Norse Atlantic Airways indicates it is exploring part-ownership by another airline as an option for its future strategy. Norse Atlantic serves transatlantic routes using a fleet of Boeing 787s. The company has been engaged in rounds of fundraising, through share issues, to shore up liquidity over ...
-
NewsNorse Atlantic attracts about 70% take-up from latest share issue
Norse Atlantic Airways has received subscriptions for about 70% of the shares offered in its latest stock issue.
-
NewsNorse Atlantic aims to raise NKr100m from follow-up share issue
Norse Atlantic Airways is preparing to conduct a follow-up share issue originally detailed during a private share placement in November last year. The new issue – comprising 9.1 million shares – is intended to raise just over NKr100 million ($9.7 million). Norse Atlantic says it will use the net proceeds ...
-
NewsNorse Atlantic conducts 787 supply flight to Antarctic ice runway
Norse Atlantic Airways has conducted a landing on Antarctic ice using one of the Scandinavian carrier’s Boeing 787-9s. The twinjet flew from Oslo to Cape Town, stopping in South Africa for 40h, before making the onward connection to Antarctica’s Troll research station on 15 November. It was transporting 45 personnel, ...
-
NewsNorse Atlantic expands share offering after strong investor demand
Norse Atlantic Airways is looking to issue another 9.1 million shares to investors, following the successful completion of a private share placement which raised gross proceeds of NKr613 million ($55 million) – higher than the NKr501 million originally sought. The private placement – aimed at shoring up liquidity for the ...
-
NewsNorse Atlantic aims to shore up liquidity as it turns in profitable third quarter
Scandinavian long-haul operator Norse Atlantic Airways is looking at additional financing to support the company through the winter season, while also embarking on a strategic review to explore opportunities with industrial players. Norse Atlantic says it is considering supplementary fundraising of up to $45 million to “improve liquidity” through the ...
-
PodcastAirline Business Podcast: Strong financials, market ‘normalisation’ and start-up stories
Graham and Lewis look back on another strong set of quarterly results from the global airline industry, while considering whether the coming months will see ‘normalisation’ in more markets.
-
NewsNorse Atlantic aims for first profitable quarter as 787 fleet is fully engaged
Scandinavian long-haul low-cost operator Norse Atlantic Airways is expecting to turn in its first quarterly profit over the summer months, having achieved full production of its fleet. Norse Atlantic generated an operating loss of $88.7 million for the first half including a $26.2 million loss for the second quarter. But ...
-
In depthNorse Atlantic plans pivot to sun destinations next winter
In the coming northern hemisphere’s winter, Norse Atlantic Airways is planning to broaden its long-haul offer to sun-thirsty vacationers looking for a break from the cold, wet weather.
-
NewsNorse adds four new US routes from London Gatwick
Long-haul European discounter Norse Atlantic Airways plans to expand further in the coming months with flights from London’s Gatwick airport to another four US cities.
-
NewsNorse Atlantic starts reinforcing US network from London Gatwick
Transatlantic budget carrier Norse Atlantic Airways is to open two services between London Gatwick and Florida in May. The airline says it will operate to Orlando and Fort Lauderdale from 25 and 26 May respectively. Norse Atlantic will serve Orlando four-times weekly, before increasing the frequency to daily for the ...
-
NewsNorse Atlantic to open JFK service from fifth European capital
Scandinavian long-haul low-cost carrier Norse Atlantic Airways is to open services between Rome and New York JFK in mid-June. The airline is to operate to the US gateway from Rome’s main Fiumicino airport. Rome will be the fifth capital city that Norse will connect to JFK, after the airline previously ...
-
NewsNorse Atlantic to open Paris-New York service next year
Norse Atlantic Airways is to open transatlantic services to New York JFK from Paris Charles de Gaulle next year. The airline states that the operation – which will be daily – will commence on 26 March. Norse Atlantic uses a fleet of Boeing 787s for its services. The airline’s route ...
-
NewsNorse Atlantic issues new shares to raise funds for UK operation
Norse Atlantic Airways has raised NKr300 million ($30 million) through a private placement aimed to generate funds required for its UK operation. The airline, having completed the placement, is turning its attention to a subsequent offering to other shareholders, intended to generate further proceeds – as well as “limit the ...
-
NewsNorse Atlantic to sublease fifth 787
Norse Atlantic Airways has reached agreement on subleasing a fifth Boeing 787, for a term of 18 months. The airline is building a fleet of 15 787s, with 13 already delivered, but it agreed earlier this year to sublease four of them to Spanish carrier Air Europa. It states that ...