newstodate.aero

Jan 23, 2024 (newstodate): The Norwegian low-cost carrier Norse Atlantic Airways is deepening its cooperation with its advisor Seabury Securities.
   In November 2023 Norse Atlantic Airways appointed Seabury Securities, U.K. as its strategic advisor to explore and guide the Nordic low-cost long-haul carrier’s future routes and destinations.
   Posting on Oslo Bourse, Norse has now announced a new and increased role for Seabury Securities as its Investment Banker.
   -After supporting Norse's management in assessing strategic options for the company, Seabury will focus on supporting the company in the execution of some of those options as Investment Banker. The agreement marks an important step in the future strategy of Norse Atlantic Airways, the statement reads.
   -Norse Atlantic will now engage Seabury as investment banker to execute some of Norse's strategic initiatives, including developing strategic partnerships with an existing airline which may include a material ownership stake.
   In other words: Norse Atlantic Airways is seemingly targeting a new business model and the inclusion of a partner in the ownership structure.