All Norse Atlantic Airways articles
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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”, ...
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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.
