All Norse Atlantic Airways articles
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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”, ...
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NewsStrategic tie-up failure and softer market put pressure on Norse Atlantic
Long-haul budget carrier Norse Atlantic Airways admits the recent failure of strategic investment talks with a potential partner has contributed to pressure on near-term liquidity. The airline says the situation has been aggravated by “softening” market conditions and lower fares, affecting revenues. It adds that it is experiencing a “tail-heavy” ...
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NewsNorse Atlantic talks with potential strategic investor end without deal
Scandinavian long-haul carrier Norse Atlantic Airways has ended talks with a potential strategic investor, without reaching an agreement.
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NewsNorse to station 787 in Milan for Neos over winter
Norse Atlantic Airways is to base an aircraft at Milan Malpensa for the winter season under an agreement with Italian leisure airline Neos. The Scandinavian carrier operates a fleet of Boeing 787 twinjets. Norse says it will station the aircraft at Milan from 18 December until the beginning of ...
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NewsNorse trims first-quarter losses as it aims for full-year profitability
Long-haul budget carrier Norse Atlantic Airways is aiming for full-year profitability, having trimmed first-quarter operating losses by around 15%. Chief executive Bjorn Tore Larsen says the quarter has demonstrated “major improvement on all metrics” since last year. It doubled revenues to $78.2 million, as passenger numbers increased by more than ...
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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 ...
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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 ...
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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.
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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 ...
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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, ...
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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 ...
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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.
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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 ...
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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, ...
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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 ...
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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 ...