Norse Atlantic Airways announces completion of oversubscribed $30 million equity raise
Norse Atlantic Airways is pleased to announce the successful closure of the private placement that commenced on 24th November for the NOK equivalent of USD 30 million. The private placement was one and a half times oversubscribed, clearly demonstrating a strong confidence by investors in the Norse Atlantic Airways business strategy and model.
“This successful equity raise will allow Norse Atlantic to build on its already strong financial base. We were already in a much stronger position strategically and financially than many other airlines and we now look forward to growing from strength to strength as we look ahead to our UK summer 2023 operations and wider route network. We are proud that the investor market has shown such strong confidence in our strategy and for the support that we have received. We will continue to focus on profitable point to point routes, delivering an excellent customer experience and offering the best value in the industry,” said Bjorn Tore Larsen, CEO Norse Atlantic Airways.
For more information please see the full OSE release https://newsweb.oslobors.no/message/576698