Norwegian Air Shuttle ASA listing at Oslo Børs
The Board of Oslo Børs resolved to admit the shares in Norwegian Air Shuttle ASA to listing on the SMB List of Oslo Børs. Admission to listing will be conditional on the company raising a minimum of NOK 200 million through its planned share issue, in accordance with the company´s plans for the share issue and the listing at Oslo Børs.
The Board has autorised the President of Oslo Børs ASA to determine the first day of listing, but with the proviso that this must be no later than 28 January 2004.
About Norwegian Air Shuttle ASA
Norwegian is a low-fare airline based in Oslo, Norway. The company offers both domestic flights and international flights to selected European destinations. The company has a classic low-fare business model built around high utilization of personnel and equipment. The model is built around point point-to-point flights, one class of service, outsourced ground handling, and a standardized fleet of leased Boing 737 aircrafts and heavy use of online distribution of tickets. Information technology is strategically used in active revenue management and resource planning. Online sales enable the company to expand sale of other offerings such as lodging and car-rentals.
Norwegian offers low-price flights on 12 domestic routes and five international routes. The Company currently operates eight Boeing 737-300 aircraft and plans to add a further three aircraft to its fleet in spring 2004.
