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Norwegian Airline Industry Veterans Set Up New Budget Airline That Is Planning To Launch Transatlantic Services

Published on Mar 23 2021 12:46 PM in General Industry tagged: Norse Atlantic Airways

Norwegian Airline Industry Veterans Set Up New Budget Airline That Is Planning To Launch Transatlantic Services

Airline industry veterans in Norway have set up a new carrier called Norse Atlantic Airways, which is aiming to crack the long-haul discount market after Norwegian Air's exit from transatlantic routes.

Founder and former CEO of Norwegian Air Bjoern Kjos holds a 15% stake in Norse Atlantic, which is majority owned by Bjoern Tore Larsen, who is a co-founder of staffing company OSM Aviation, Norse Atlantic Airways said in a statement announcing the new carrier.

The budget airline plans to fly from US destinations such as New York, Los Angeles and Miami to European cities including London, Paris and Oslo. It plans to begin its services late this year and also aims to list its shares on Oslo's Euronext Growth stock market next month, it said.

The airline will be seeking to fill a gap left by Norwegian Air, which offered low-cost transatlantic flights until mounting debt problems and the collapse of travel due to the COVID-19 pandemic forced it to exit its long-haul business, leaving a slimmed-down airline focusing on Nordic and European routes.

Norse Atlantic said that it will be using Boeing's 787 Dreamliner aircraft.

"We have industry knowledge and have secured modern Dreamliners at very good terms," Larsen, who is also the new carrier's CEO, said in the company's statement.

He did not say how many aircraft the company has signed leasing deals for.

Seeking To Expand On Demand And Profitability

Norse Atlantic will seek to expand based on demand and profitability, and could eventually also include destinations in Asia, it said.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.

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