Norse Atlantic Airways says that talks with a potential strategic investor have failed, but the airline is actively seeking a new partner, as confirmed in a press release.
The airline, certified under both Norwegian and English AOCs, has enlisted Seabury Securities to identify opportunities for strategic or commercial partnerships following financial struggles in 2023.
Revenue for Norse Atlantic ASA, the airline’s parent company, surged by 97pc year-on-year in the first quarter of 2024, accompanied by a rise in passenger numbers by 83pc, largely due to an increased focus on ACMI and charter operations.
With ongoing plans to secure longer-term winter charter contracts and reinforce operations on core summer routes, Norse Atlantic Airways aims to refine its strategy for future winter seasons, including expanding operations to Africa and partnering with P&O Cruises for Caribbean operations.
