Norse Atlantic Airways is pleased the 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  

Philip Allport
Senior Vice President Communications
media@flynorse.com Norse Atlantic Airways is a new airline that offers affordable fares on long-haul flights, primarily between Europe and the United States. The company was founded by CEO and major shareholder Bjørn Tore Larsen in March 2021. Norse has a fleet of 15 modern, fuel-efficient and more environmentally friendly Boeing 787 Dreamliners that will serve destinations including New York, Los Angeles, Fort Lauderdale, Orlando, Oslo, London, Berlin and Paris. The company's first flight took off from Oslo to New York on June 14, 2022.

https://news.cision.com/norse-atlantic-airways-as/r/norse-atlantic-airways-announces-completion-of-oversubscribed--30-million-equity-raise,c3672851

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