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 24[th] 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