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Budget Airline Norse Atlantic Up 5% in Oslo Stock Market Debut
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Budget Airline Norse Atlantic Up 5% in Oslo Stock Market Debut
Business
Date posted: 13.04.2021
Category: Airline / Travel
Norway’s Norse Atlantic NORSE-ME.OL, a recently formed long-haul budget airline that plans to launch operations this year, made its Oslo stock market debut on Monday, trading up 5% in early trade.
Norse traded at 21 Norwegian crowns ($2.46) per share at 0731 GMT, up from a price of 20 crowns in a private placement late last month.
“The global economy has been hit hard by the pandemic but a new era is coming. People will once again travel for business and pleasure,” Norse founder and Chief Executive Bjoern Tore Larsen said in a statement.
Source: Reuters