NORWEGIAN AIR SHUTTLE ASA

Operating

Drive flyging, annen transport- og reiserelatert virksomhet og annen virksomhet i tilknytning til dette. Selskapet kan også direkte eller indirekte drive andre former for nettbasert vare- og tjenesteyting, herunder virksomhet knyttet til bilutleie, hotellutleie, betalingstjenester, finansiering og kortutstedelse. Deltagelse i virksomheter som nevnt kan skje gjennom samarbeidsavtaler, eierinteresser eller på andre måter.

Ervervsmessig flyging samt hva som hermed står i forbindelse samt delta i tilsvarende selskaper.

Keywords

passenger transportscheduled flightscharter flightssightseeinground-trip flightsrentalair transport equipmentwith crew

Organization

CEO: GM
Geir Magne Karlsen1965
Chairman of the board: DM
Dag Mejdell1957
Years since formation: 31 years; since Mar 12, 1995
Type: Public limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 1,055,238,919; 1 share class
Total number of shareholders: 73030; 1,675 companies, 71,355 persons
Belongs to group of

Financials

Total operating income 2025: 872,000,000; NOK
Annual total result 2025: 551,000,000; NOK
Total equity 2025: 10,841,000,000; NOK

Last update: Sep 14, 2026

Management

Management / administration

Name	Role	Shares
GM Geir Magne Karlsen 1965	Managing Director/CEO	-

Board

Name	Role	Shares
DM Dag Mejdell 1957	Chairman	-
KG Katrine Gundersen 1974	Board Member	-
TH Torstein Hiorth Soland 1987	Board Member	-
GO Geir Olav Øien 1972	Alternate Member	-
ST Stephen Thomas Kavanagh 1967	Board Member	-
KK Karina Kjær Deacon 1969	Board Member	-
AS Anna Sofia Arhall Bergendorff 1969	Board Member	-
TM Trond Moe 1979	Board Member	-
AK Adin Kavara 1994	Alternate Member	-
KE Kari Enger 1967	Alternate Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Last update: Nov 24, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
F FOLKETRYGDFONDET	Ordinary shares	96,342,118	9.13 %
V VERDIPAPIRFONDET ALFRED BERG GAMBAK	Ordinary shares	16,000,000	1.52 %
H HOLMEN SPESIALFOND	Ordinary shares	13,450,000	1.27 %
V VERDIPAPIRFONDET KLP AKSJENORGE INDEKS	Ordinary shares	11,632,428	1.1 %
V VERDIPAPIRFONDET DNB NORGE INDEKS	Ordinary shares	9,859,320	0.93 %
V VERDIPAPIRFONDET DNB AM NORSKE AKSJER	Ordinary shares	9,087,151	0.86 %
V VERDIPAPIRFONDET STOREBRAND INDEKS - NORGE	Ordinary shares	8,619,760	0.82 %
B BRUMM AS	Ordinary shares	6,746,560	0.64 %
V VERDIPAPIRFONDET KLP AKSJENORGE AKTIV	Ordinary shares	6,371,355	0.6 %
K KONTRARI AS	Ordinary shares	6,000,000	0.57 %
V VERDIPAPIRFONDET ALFRED BERG NORGE	Ordinary shares	4,596,852	0.44 %
K KOMMUNAL LANDSPENSJONSKASSE GJENSIDIG FORSIKRINGSSELSKAP	Ordinary shares	4,580,568	0.43 %
V VERDIPAPIRFONDET ALFRED BERG NORGE RESTRICTED	Ordinary shares	3,879,282	0.37 %
V VERDIPAPIRFONDET ALFRED BERG INDEKS	Ordinary shares	3,465,904	0.33 %
N NORWEGIAN AIR SHUTTLE ASA	Ordinary shares	3,001,685	0.28 %
M MP PENSJON PK	Ordinary shares	2,583,867	0.24 %
V VERDIPAPIRFONDET EIKA NORGE	Ordinary shares	2,430,701	0.23 %
V VERDIPAPIRFONDET ALFRED BERG AKTIV	Ordinary shares	2,421,474	0.23 %
N NORDNET LIVSFORSIKRING AS	Ordinary shares	2,406,342	0.23 %
TB Tollefsen Bjorn 1955	Ordinary shares	2,195,239	0.21 %
V VERDIPAPIRFONDET EIKA SPAR	Ordinary shares	2,058,267	0.2 %
S SVELA EIENDOM AS	Ordinary shares	2,000,000	0.19 %
S SBAKKEJORD AS	Ordinary shares	2,000,000	0.19 %
B BOREA NORGE VERDIPAPIRFOND	Ordinary shares	1,936,986	0.18 %
V VERDIPAPIRFONDET ALFRED BERG GAMBAK NORDIC	Ordinary shares	1,861,610	0.18 %
V VERDIPAPIRFONDET EQUINOR AKSJER NORGE	Ordinary shares	1,833,980	0.17 %
RA Ronold Arne 1957	Ordinary shares	1,600,000	0.15 %
A ALNA FORRETNINGSBYGG AS	Ordinary shares	1,434,181	0.14 %
W WENAASGRUPPEN AS	Ordinary shares	1,390,000	0.13 %
HØ Harald Øygard Svein 1960	Ordinary shares	1,300,000	0.12 %
AS Aagesen Steinar 1951	Ordinary shares	1,210,000	0.11 %
V VERDIPAPIRFONDET VIBRAND NORDEN	Ordinary shares	1,200,000	0.11 %
V VESTVIK PRESERVING AS	Ordinary shares	1,200,000	0.11 %
V VERDIPAPIRFONDET VIBRAND ABSOLUTT	Ordinary shares	1,110,850	0.11 %
V VERDIPAPIRFONDET DNB OBX	Ordinary shares	1,093,282	0.1 %
B BRUMM SNEISUNGEN AS	Ordinary shares	1,021,662	0.1 %
W WEMO HOLDING AS	Ordinary shares	980,000	0.09 %
S STOKSUND AS	Ordinary shares	935,000	0.09 %
D DANSKE BANK A/S NUF	Ordinary shares	860,000	0.08 %
O ODYSSEA AS	Ordinary shares	825,013	0.08 %
KB Kaasa Berit 1953	Ordinary shares	815,000	0.08 %
S SB1 MARKETS AS	Ordinary shares	800,000	0.08 %
KJ Karlsen Jørgen 1954	Ordinary shares	791,000	0.07 %
ET Eikeland Tommy 1977	Ordinary shares	723,510	0.07 %
V VERDIPAPIRFONDET DNB NORDEN INDEKS	Ordinary shares	682,036	0.06 %
T TELENOR PENSJONSKASSE	Ordinary shares	670,000	0.06 %
MK Magne Karlsen Geir 1965	Ordinary shares	651,478	0.06 %
A AWAM 1 AS	Ordinary shares	646,300	0.06 %
V VERDIPAPIRFONDET STOREBRAND NORGE INSTITUSJON	Ordinary shares	608,324	0.06 %
MY Merour Yves 1947	Ordinary shares	594,685	0.06 %
LW Lundgrenn Wera 1964	Ordinary shares	590,000	0.06 %
BN Betten Nils 1964	Ordinary shares	590,000	0.06 %
BE Billington Erik 1974	Ordinary shares	586,406	0.06 %
A ANAXO CAPITAL AS	Ordinary shares	551,304	0.05 %
WK Westlie Karin 1957	Ordinary shares	520,600	0.05 %
O OBSERVATORIET HOLDING AS Closed	Ordinary shares	500,000	0.05 %
K KLK INVESTMENT AS	Ordinary shares	500,000	0.05 %
K KRISKO EIENDOM AS	Ordinary shares	500,000	0.05 %
F FUGLANESET INVEST AS	Ordinary shares	500,000	0.05 %
I INNOVEMUS AS	Ordinary shares	500,000	0.05 %
SK Sletten Kolloen Kristian 1954	Ordinary shares	500,000	0.05 %
A AVINOR AS	Ordinary shares	499,354	0.05 %
V VERDIPAPIRFONDET STOREBRAND NORGE HORISONT	Ordinary shares	495,150	0.05 %
S STAVANGER FORVALTNING AS	Ordinary shares	484,279	0.05 %
R REMIS AS	Ordinary shares	475,000	0.05 %
S SETH EIENDOM AS	Ordinary shares	470,000	0.04 %
C CASA AS	Ordinary shares	465,346	0.04 %
O OBSERVATORIET SNEISUNGEN AS	Ordinary shares	461,989	0.04 %
D DNB BANK ASA	Ordinary shares	456,238	0.04 %
B BETTEN MASKINSTASJON AS	Ordinary shares	440,000	0.04 %
SR Sønstegård Runar 1963	Ordinary shares	435,154	0.04 %
K KRISTIAN FALNES AS Closed	Ordinary shares	400,000	0.04 %
EO Erik Olsen Jan 1961	Ordinary shares	400,000	0.04 %
GH Gunnar Huser Brede 1971	Ordinary shares	375,000	0.04 %
V VERDIPAPIRFONDET EIKA BALANSERT	Ordinary shares	361,171	0.03 %
D DNB BANK ASA	Ordinary shares	360,134	0.03 %
J JJJ HOLDING AS	Ordinary shares	355,221	0.03 %
S STORE VALLE INVEST AS	Ordinary shares	350,488	0.03 %
C CONCEPTOR INVEST AS	Ordinary shares	350,000	0.03 %
B BEST NEXT INVEST AS	Ordinary shares	350,000	0.03 %
O ORAKEL AS	Ordinary shares	350,000	0.03 %
SO Sævild Ole 1966	Ordinary shares	331,025	0.03 %
C CCA INVEST AS	Ordinary shares	321,033	0.03 %
S SALT & PEPPER HOLDING AS	Ordinary shares	320,000	0.03 %
V VERDIPAPIRFONDET KLP AKSJENORDEN INDEKS	Ordinary shares	315,795	0.03 %
JR Jacek Rumunski Rafal 1978	Ordinary shares	314,842	0.03 %
H HGD INVEST AS	Ordinary shares	310,000	0.03 %
VK Vestøl Kåre 1948	Ordinary shares	303,010	0.03 %
TG Tormod Grøsle Jan 1965	Ordinary shares	300,000	0.03 %
N NORINVEST KAPITAL AS	Ordinary shares	300,000	0.03 %
KG Kovacs Gyørgy 1963	Ordinary shares	300,000	0.03 %
G GRUX AS	Ordinary shares	300,000	0.03 %
FT Frafjord Tomas 1972	Ordinary shares	300,000	0.03 %
AH Andreas Halvorsen Ole 1961	Ordinary shares	298,696	0.03 %
KF Kristiansen Filip 1979	Ordinary shares	295,300	0.03 %
V VERDIPAPIRFONDET STOREBRAND INDEKS - NORDEN	Ordinary shares	292,743	0.03 %
V VERDIPAPIRFONDET ALFRED BERG NORDIC INDEX	Ordinary shares	283,124	0.03 %
M MOSTER FUND AS	Ordinary shares	281,253	0.03 %
B BRUMM HOLDING AS Closed	Ordinary shares	280,000	0.03 %
E EFFEKTIVGRUPPEN AS	Ordinary shares	280,000	0.03 %

Shares owned by the NORWEGIAN AIR SHUTTLE ASA

Name	Share class	Total number of shares	Share
N NAS EIRE INVEST AS	Ordinary shares	30,000	100 %
N NORWEGIAN AIR AS	Ordinary shares	5,000	100 %
N NORWEGIAN WF HOLDING AS	Ordinary shares	3,000	100 %
N NORWEGIAN REWARD AS	Ordinary shares	1,000,000	100 %
N NORWEGIAN CREW SERVICES AS	Ordinary shares	100	100 %
A AIRPORT COORDINATION NORWAY AS	A-shares	20	20 %
N NORSK E-FUEL AS	Class B shares	1,312	1.34 %
N NORWEGIAN AIR SHUTTLE ASA	Ordinary shares	3,001,685	0.28 %

Last update: Sep 25, 2026

Group structure

NORWEGIAN AIR SHUTTLE ASA
Total operating income 2025: NOK 872,000,000
Operating profit 2025: NOK -392,000,000
Employees: 0

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	872,000,000	932,000,000	822,000,000	551,000,000	3,946,000,000
Annual Total Result	551,000,000	1,250,000,000	-400,000,000	62,000,000	12,993,000,000
Total assets	29,075,000,000	27,605,000,000	28,028,000,000	26,911,000,000	17,656,000,000
Total liabilities	18,234,000,000	15,477,000,000	17,013,000,000	15,375,000,000	6,107,000,000
Total equity	10,841,000,000	12,128,000,000	11,015,000,000	11,536,000,000	11,550,000,000

P&L

Year	2025	2024	2023	2022	2021
Total operating income	872,000,000	932,000,000	822,000,000	551,000,000	3,946,000,000
Total operating costs	1,264,000,000	-380,000,000	2,034,000,000	857,000,000	1,618,000,000
Operating result	-392,000,000	1,312,000,000	-1,212,000,000	-306,000,000	2,328,000,000
Financial income/costs	1,135,000,000	351,000,000	812,000,000	677,000,000	11,124,000,000
Profit before tax	743,000,000	1,663,000,000	-400,000,000	371,000,000	13,452,000,000
Total tax & extraordinary income/cost	192,000,000	413,000,000	0	309,000,000	459,000,000
Annual Total Result	551,000,000	1,250,000,000	-400,000,000	62,000,000	12,993,000,000

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	9,045,000,000	8,780,000,000	8,540,000,000	8,817,000,000	8,165,000,000
Total current assets	20,030,000,000	18,825,000,000	19,488,000,000	18,094,000,000	9,491,000,000
Total assets	29,075,000,000	27,605,000,000	28,028,000,000	26,911,000,000	17,656,000,000
Short term debt	18,088,000,000	13,880,000,000	14,063,000,000	11,859,000,000	2,614,000,000
Long term debt	146,000,000	1,597,000,000	2,950,000,000	3,516,000,000	3,493,000,000
Total liabilities	18,234,000,000	15,477,000,000	17,013,000,000	15,375,000,000	6,107,000,000
Contributed capital	26,443,000,000	26,603,000,000	26,579,000,000	26,279,000,000	28,069,000,000
Retained earnings	-15,602,000,000	-14,475,000,000	-15,564,000,000	-14,743,000,000	-16,519,000,000
Total equity	10,841,000,000	12,128,000,000	11,015,000,000	11,536,000,000	11,550,000,000
Total equity and liabilities	29,075,000,000	27,605,000,000	28,028,000,000	26,911,000,000	17,657,000,000

Classification

21st company classification

BETA

Industrial mother company

NORWEGIAN AIR SHUTTLE ASA965 920 358