Norse Atlantic Airways plans to raise an additional $45m to improve liquidity during the slower autumn and winter seasons and meet obligations with a key supplier.
Major shareholders Larsen & Co Ltd and Scorpio Holdings Limited expressed support for participating in the fundraising.
The airline has received inquiries and held discussions with potential investors, indicating a possible stake sale. Advisors have been enlisted to assess strategic alternatives.
CEO Bjørn Tore Larsen said “Norse Atlantic has come a long way since the initial flight in June 2022. After a short first summer season in 2022, we had our first full summer season in 2023, growing to a ten-aircraft operation while delivering a robust performance.”
