Norse Atlantic Airways announces improved payment terms with credit card payment providers
Norse Atlantic Airways is pleased to announce that it has agreed improved payment terms with its credit card payment providers resulting in an immediate cash release. In a Company announcement dated 2 July 2024 reference was made to near-term liquidity being negatively impacted by a tail-heavy summer bookings curve while awaiting credit card receivables being collected and that various working capital initiatives were ongoing. The new improved credit card terms have been achieved at no cost and represent the most favourable working capital solution and resolve the near-term liquidity