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    NORSE   NO0010946445

NORSE ATLANTIC ASA

(NORSE)
  Report
End-of-day quote Oslo Bors  -  2022-11-28
2.595 EUR   -3.35%
11/29Norse Atlantic Airways launches ticket sales between Paris and New York JFK with one way fares starting from ?219
AQ
11/29Norse Atlantic Airways launches ticket sales between Paris and New York JFK with one way fares starting from Ç219
AQ
11/29Norse Atlantic Airways Launches Ticket Sales Between Paris and New York JFK with One Way Fares Starting from EUR 219
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Norse Atlantic Airways Receives UK Air Operator Certificate and Operating License

09/27/2022 | 03:34am EST

Norse Atlantic Airways announced that the UK Civil Aviation Authority has granted the airline an Operator Certificate (AOC) and Operating License (OL) allowing the company to begin direct flights from the United Kingdom . Operating direct flights from the United Kingdom has been an integral part of the Norse Atlantic Airways business plan since the inception of the airline in March 2021. There continues to be strong demand for air travel to and from the United Kingdom, particularly between the UK and the US which is the largest transatlantic market in the world.

Norse is keen to operate between London Gatwick and a number of U.S. destinations, subject to further regulatory approvals, particularly serving routes that are currently not served by direct flights or lacking sufficient capacity. Norse Atlantic will offer choice and great value for money to customers while contributing to local economies by boosting tourism and business travel across the Atlantic. An AOC is the approval granted by a national aviation authority to an aircraft operator to allow it to use aircraft for commercial purposes.

This requires the operator to have personnel, assets and systems in place to ensure the safety of its employees and the general public. Norse Atlantic's UK AOC has been substantially capitalised in line with CAA requirements. Norse Atlantic now holds two AOCs, one in Norway and another in the United Kingdom, providing greater flexibility and opportunities for the company to expand in the future from European points and the UK, in line with demand.

Flights to and from the UK will be operated by both UK and US based cabin crew. Norse Atlantic Airways recently announced that customers looking to explore the world for less now have access to even greater choice and convenience following the launch of the airline's connectivity partnership with easyJet, Norwegian and Spirit Airlines. The virtual interline agreement, powered by Dohop, will provide over 600 weekly connections to Norse's transatlantic services at the company's key international hubs.

Norse Atlantic exclusively operates Boeing 787 Dreamliner aircraft. The cabin offers passengers a relaxed and comfortable travel experience with each seat including a personal entertainment experience. The Premium cabin offers an industry leading 43" seat pitch and 12" recline allowing passengers to arrive at their destination feeling refreshed and ready to explore their destination.


ę S&P Capital IQ 2022
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Financials (USD)
Sales 2022 312 M - -
Net income 2022 12,6 M - -
Net Debt 2022 380 M - -
P/E ratio 2022 1,49x
Yield 2022 -
Capitalization 19,7 M 19,7 M -
EV / Sales 2022 1,28x
EV / Sales 2023 0,65x
Nbr of Employees 63
Free-Float 78,1%
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Number of Analysts 1
Last Close Price 2,50
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Bj°rn-Tore Larsen Chief Executive Officer
Ben Boiling Chief Financial Officer
Terje Bodin Larsen Chairman
Ted Hutchins Chief Information Officer
Thorm-Arne Norheim Chief Operating Officer
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