Norse Atlantic has successfully raised NOK 300 million ($30 million) through a conditional private placement of 120 million new shares. Proceeds of the placement will be used as a cash buffer for the airline’s subsidiary Norse Atlantic UK. Norse secures financial...
Norse Atlantic is preparing for a challenging winter period, with high fuel costs and inflation, and consequently uncertain customer behavior likely to impact results in the coming months. The airline will therefore take a careful approach to its network by likely...
The reinstatement in its financial results of previously excluded pre-delivery payments to Boeing for the MAX 8 has helped Norwegian to get a net profit in Q2 and HY1. Without it, the low-cost airline would have produced a net loss. Norwegian said today that it is...
Just before the pandemic hit the industry in 2020, airline leaders were positive that Europe was about to have a much-needed round of consolidation. They agreed that there were way too many airlines, fighting for the same piece of cake. Covid has delayed this, but...
Here is our rolling report with short aviation news for the month of January 2022: 31 – Lessor TrueNoord has raised $250 million in new funding that it plans to use for building its fleet of regional aircraft. The funding has been arranged with support from...
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