Scandinavian carrier Norse Atlantic has confirmed that talks with a potential investor have ended with no formal agreement.
Investment banker Seabury Securities had been conducting the negotiations on behalf of the airline.
At the weekend, Norse issued a statement which said: “One strategic investment option in advanced stage of discussions has ended with no formal agreement reached.
“The company will continue to work closely with Seabury Securities going forward to ensure that potential opportunities are carefully considered for the benefit of our shareholders and customers.”
Norse operates flights from London Gatwick to New York, Los Angeles, Orlando and Miami. It is planning to add flights from London to Las Vegas and Cape Town in South Africa this winter.
In its statement, founder and CEO Bjorn Tore Larsen added: “Our focus remains to deliver on our opportunistic and flexible business model by securing additional longer term winter charter contracts and operating our own core summer routes when demand is at its highest.
“We will update the market and our shareholders regarding additional active strategic avenues as these progress.”
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Investment banker Seabury Securities had been conducting the negotiations on behalf of the airline.
At the weekend, Norse issued a statement which said: “One strategic investment option in advanced stage of discussions has ended with no formal agreement reached.
“The company will continue to work closely with Seabury Securities going forward to ensure that potential opportunities are carefully considered for the benefit of our shareholders and customers.”
Norse operates flights from London Gatwick to New York, Los Angeles, Orlando and Miami. It is planning to add flights from London to Las Vegas and Cape Town in South Africa this winter.
In its statement, founder and CEO Bjorn Tore Larsen added: “Our focus remains to deliver on our opportunistic and flexible business model by securing additional longer term winter charter contracts and operating our own core summer routes when demand is at its highest.
“We will update the market and our shareholders regarding additional active strategic avenues as these progress.”
The post Norse Atlantic ends talks with potential investor appeared first on Travel Gossip.
Continue reading...
