Norse Atlantic ASA
0.27
NOK
-0.02
(-5.53%)
Norse Atlantic ASA
OSL:NORSE
(Euronext Oslo)
Recent
price
0.27
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Norse Atlantic ASA is a Norway-based holding company that, through its subsidiaries Norse Atlantic Airways AS and Norse Atlantic UK Ltd, operates as a low-cost long-haul airline offering affordable, direct scheduled passenger flights primarily between Europe and North America, as well as select destinations in Asia, Africa and the Caribbean; services include premium economy seating on Boeing 787 Dreamliner aircraft, ancillary offerings such as onboard meals and Wi-Fi, and aircraft leasing and ACMI (aircraft, crew, maintenance, insurance) wet-lease operations to third parties. The company serves key routes from European gateways including London Gatwick, Oslo, Paris Charles de Gaulle, Rome Fiumicino, Athens and Berlin to U.S. destinations such as New York JFK, Los Angeles, Orlando, Fort Lauderdale and Miami; additional long-haul services connect to Bangkok and Phuket in Thailand, Cape Town in South Africa, and other points. Founded in February 2021 and headquartered at Fløyveien 14 in Arendal, Norway, Norse Atlantic ASA is publicly listed on Euronext Expand Oslo under the ticker NORSE.OL and holds Air Operator's Certificates in Norway and the UK, with a modern operational headquarters opened in Riga, Latvia in 2025. In recent developments, the company received approximately USD 15 million in funding in late 2024 from founding shareholder BT Larsen & Co Ltd through a private placement of new shares and a shareholder loan to support general corporate purposes and a strategic shift toward long-term ACMI leasing and charter flights to mitigate seasonal demand variations. Further capital was raised in October 2025 via a NOK 113.7 million private placement to strategic investors including BT Larsen & Co Ltd and Songa Capital AS, reinforcing its low-cost long-haul model. Operationally, Norse Atlantic announced in August 2025 a network refocus for summer 2026 on three European hubs—Athens, London Gatwick and Rome Fiumicino—with continued U.S. routes to New York JFK, Los Angeles and Orlando, alongside expanded frequencies on London Gatwick-Cape Town up to six weekly flights extending into 2026; it also launched Southeast Asia expansion with Oslo to Bangkok and Phuket for winter 2025/2026 while suspending select transatlantic routes seasonally. The airline surpassed 4 million passengers carried by summer 2025 and earned Skytrax's best long-haul value airline award for Northern Europe in June 2025, operating a fleet of 12 Boeing 787-9 Dreamliners.
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