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,…
