Norse Atlantic, a long-haul low-cost carrier based in Norway, has entered into a $20 million bank overdraft facilityagreement with Nordea Bank, one of the leading financial institutions in the Nordic region. The facility comes with a maturity date of 30 April 2026, offering the airline an additional financial cushion amid growth and operational scaling.
Norway has sold its entire 6.37% stake in Norwegian, a move involving around 65.5 million shares. This decision represents a major step in the Norwegian government’s efforts to reduce its exposure to commercial airline investments and reflects broader shifts in its aviation policy.
Norse Atlantic, a long-haul low-cost carrier based in Norway, reported a net loss of $14.9 million for the first quarter of 2025, with revenue reaching $125.3 million. The results reflect seasonal demand fluctuations and continued cost pressures impacting transatlantic operations.
Norwegian, the low-cost carrier based in Norway, has confirmed that it will repay half of the $115 million convertible loan previously granted by the Norwegian government. The remaining balance of the loan will be converted into equity, effectively leaving the State with a 6.37% ownership stake in the airline.
Widerøe, Norway’s largest regional airline, is planning to achieve $38 to $48 million in annual savings over the next three to four years to support a fleet renewal program, according to CEO Tore Jenssen. The initiative reflects the carrier’s effort to modernize its fleet while maintaining operational sustainability.
Norse Atlantic Airways, the Norwegian low-cost long-haul airline, has received another Boeing B787-9 Dreamliner, identified by serial number 38792, as part of its continued fleet growth strategy. The aircraft is powered by Rolls-Royce Trent 1000 engines, which are optimized for long-range efficiency and lower emissions.
IndiGo, India’s largest airline by fleet size, has announced plans to explore the earlier introduction of widebody aircraft into its operations to meet growing passenger demand. According to industry sources, the airline is reportedly in discussions with Norse Atlantic Airways, a Norwegian carrier, to wet lease six Boeing 787s.
Norse Atlantic Airways, a Norway-based long-haul low-cost carrier, has successfully raised $8.7 million in gross proceeds through a private placement. The placement involved the issuance of 19.2 million new shares, directed towards B T Larsen & Co (Cyprus). The capital increase has been formally registered, marking a key step in bolstering the airline’s financial stability and funding future operational goals.
Norwegian, the low-cost carrier based in Norway, has announced that it will discontinue its route between Evenes and London after only two months of service. The decision to drop the route comes as a result of insufficient demand, which made it unsustainable to continue operations. The short-lived route highlights the challenges airlines face in assessing and adapting to market demands,…
Norse Atlantic Airways, Norway’s low-cost long-haul airline, has announced it will operate weekly Boeing 787 flights from Manchester to Barbados as well as additional flights from London Gatwick and Manchester to Antigua and Barbados during the winter season. These flights, scheduled between November 2024 and March 2025, are being operated on behalf of P&O Cruises,…
