NORWEGIAN AIR SHUTTLE ASA

Transport

/ Aviation

/ 51.100 Passenger air transport

Keywords

passenger transportscheduled flightscharter flightssightseeinground-trip flightsrentalair transport equipmentwith crew

Organization

CEO: GM
Geir Magne Karlsen1965
Chairman of the board: SH
Svein Harald Øygard1960
Years since formation: 30 years; since Mar 12, 1995
Type: Public limited company
VAT registered: Yes
Number of employees: 143

Ownership

Number of shares and share classes: 963,880,462; 1 share class
Total number of shareholders: 77922; 2,005 companies, 75,917 persons
Belongs to group of

Financials

Total operating income 2023: 822,000,000; NOK
Annual total result 2023: -400,000,000; NOK
Total equity 2023: 11,015,000,000; NOK

Last update: Jul 14, 2025

Management

Management / administration

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

Board

Name	Role	Shares
SH Svein Harald Øygard 1960	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	-
DA Daniel Andreas Skjeldam 1975	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	-

Top 10 individual shareholders

Name	Role	Shares
CG Christian Gruner Sundt 1977	-	1.11 % indirectly
EH Else Helene Sundt 1979	-	1.11 % indirectly

Last update: Jul 10, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
GT Geveran Trading Company Ltd	NO0010196140	140,063,236	14.53 %
F FOLKETRYGDFONDET	NO0010196140	84,060,755	8.72 %
CB Clearstream Banking S.a.	NO0010196140	41,595,596	4.32 %
TB The Bank Of New York Mellon Sa/Nv	NO0010196140	31,657,429	3.28 %
BA Bank Ab Nordnet	NO0010196140	27,585,294	2.86 %
BA Bank Ab Avanza	NO0010196140	24,070,261	2.5 %
BC Barclays Capital Inc	NO0010196140	24,057,441	2.5 %
MS Morgan Se Jp	NO0010196140	23,062,047	2.39 %
S SUNDT AS	NO0010196140	21,353,508	2.22 %
V VERDIPAPIRFONDET DNB NORGE	NO0010196140	21,081,706	2.19 %
SB Street Bank And Trust Comp State	NO0010196140	12,665,274	1.31 %
H HOLMEN SPESIALFOND	NO0010196140	12,200,000	1.27 %
V VERDIPAPIRFONDET DNB AM NORSKE AKSJER	NO0010196140	10,245,635	1.06 %
B BRUMM AS	NO0010196140	10,096,560	1.05 %
BA Bank As Danske	NO0010196140	10,038,749	1.04 %
TB The Bank Of New York Mellon	NO0010196140	9,563,396	0.99 %
MS Morgan Se Jp	NO0010196140	9,255,452	0.96 %
BA Bank As Saxo	NO0010196140	8,683,114	0.9 %
BP Bank Pension Plan Us	NO0010196140	6,983,109	0.72 %
V VERDIPAPIRFONDET DNB NORGE INDEKS	NO0010196140	6,873,259	0.71 %
AS Ab Swedbank	NO0010196140	6,614,983	0.69 %
MS Morgan Stanley & Co. Int. Plc.	NO0010196140	6,496,749	0.67 %
BS Bank Sanv Euroclear	NO0010196140	6,270,146	0.65 %
BC Bank Caceis	NO0010196140	6,000,000	0.62 %
SB Street Bank And Trust Comp State	NO0010196140	5,987,779	0.62 %
V VERDIPAPIRFONDET STOREBRAND INDEKS - NORGE	NO0010196140	5,948,826	0.62 %
BA Bank Abp Nordea	NO0010196140	5,618,368	0.58 %
MS Morgan Stanley & Co. Int. Plc.	NO0010196140	5,191,315	0.54 %
E EGD CAPITAL AS	NO0010196140	5,000,000	0.52 %
SB Street Bank And Trust Comp State	NO0010196140	4,576,020	0.47 %
EB Enskilda Banken Ab Skandinaviska	NO0010196140	4,193,951	0.44 %
HA Handelsbanken Ab Svenska	NO0010196140	4,027,955	0.42 %
V VERDIPAPIRFONDET KLP AKSJENORGE AKTIV	NO0010196140	4,024,107	0.42 %
TB The Bank Of New York Mellon Sa/Nv	NO0010196140	3,939,920	0.41 %
MS Morgan Se Jp	NO0010196140	3,913,031	0.41 %
SA Switzerland Ag Ubs	NO0010196140	3,836,255	0.4 %
TB The Bank Of New York Mellon Sa/Nv	NO0010196140	3,815,900	0.4 %
V VERDIPAPIRFONDET EIKA NORGE	NO0010196140	3,754,792	0.39 %
K KOMMUNAL LANDSPENSJONSKASSE GJENSIDIG FORSIKRINGSSELSKAP	NO0010196140	3,690,188	0.38 %
EB Enskilda Banken Ab Skandinaviska	NO0010196140	3,561,561	0.37 %
X X BOSS AS	NO0010196140	3,395,197	0.35 %
V VERDIPAPIRFONDET EIKA SPAR	NO0010196140	3,256,628	0.34 %
V VERDIPAPIRFONDET KLP AKSJENORGE INDEKS	NO0010196140	3,245,267	0.34 %
MS Morgan Se Jp	NO0010196140	3,197,500	0.33 %
AL Ag London Branch Ubs	NO0010196140	3,154,372	0.33 %
V VERDIPAPIRFONDET EQUINOR AKSJER NORGE	NO0010196140	3,033,980	0.31 %
S SNEISUNGEN AS	NO0010196140	2,983,651	0.31 %
MS Morgan Se Jp	NO0010196140	2,956,000	0.31 %
EB Enskilda Banken Ab Skandinaviska	NO0010196140	2,798,016	0.29 %
V VERDIPAPIRFONDET ALFRED BERG INDEKS	NO0010196140	2,795,904	0.29 %
SI Sachs International Goldman	NO0010196140	2,717,135	0.28 %
MS Morgan Se Jp	NO0010196140	2,653,143	0.28 %
C CAPE INVEST AS	NO0010196140	2,556,892	0.27 %
MA Macquarie Aircraft Leasing Services	NO0010196140	2,512,974	0.26 %
TN The Northern Trust Comp, London Br	NO0010196140	2,494,047	0.26 %
TB The Bank Of New York Mellon Sa/Nv	NO0010196140	2,353,397	0.24 %
V VERDIPAPIRFONDET DNB SMB	NO0010196140	2,352,099	0.24 %
TB The Bank Of New York Mellon Sa/Nv	NO0010196140	2,268,787	0.24 %
PB Paribas Bnp	NO0010196140	2,201,963	0.23 %
BA Bank Abp Nordea	NO0010196140	2,192,054	0.23 %
BT Bjorn Tollefsen 1955	NO0010196140	2,105,932	0.22 %
S SVELA EIENDOM AS	NO0010196140	2,054,960	0.21 %
O O.N. Sunde A/S	NO0010196140	2,000,000	0.21 %
TB The Bank Of New York Mellon Sa/Nv	NO0010196140	1,964,408	0.2 %
SH Svein Harald Øygard 1960	NO0010196140	1,925,000	0.2 %
BA Bank Abp Nordea	NO0010196140	1,853,104	0.19 %
M MP PENSJON PK	NO0010196140	1,837,891	0.19 %
NC Na Citibank	NO0010196140	1,798,630	0.19 %
CB Chase Bank Na London Jpmorgan	NO0010196140	1,745,729	0.18 %
D DNB BANK ASA	NO0010196140	1,731,753	0.18 %
NC Na Citibank	NO0010196140	1,682,652	0.17 %
N NO LIMIT HOLDING AS	NO0010196140	1,535,389	0.16 %
NS Nationalbank Schweizerische	NO0010196140	1,523,634	0.16 %
A ANAXO CAPITAL AS	NO0010196140	1,395,490	0.14 %
TB The Bank Of New York Mellon	NO0010196140	1,340,632	0.14 %
AR Arne Ronold 1957	NO0010196140	1,340,000	0.14 %
V VERDIPAPIRFONDET EIKA ALPHA	NO0010196140	1,278,652	0.13 %
SA Sis Ag Six	NO0010196140	1,277,177	0.13 %
BA Bank Asa Dnb	NO0010196140	1,258,402	0.13 %
BN Bank Nv Kbc	NO0010196140	1,256,880	0.13 %
O OBSERVATORIET INVEST AS	NO0010196140	1,240,704	0.13 %
SB Street Bank And Trust Comp State	NO0010196140	1,231,870	0.13 %
IB Interactive Brokers Llc	NO0010196140	1,207,126	0.13 %
V VESTVIK PRESERVING AS	NO0010196140	1,200,000	0.12 %
CB Chase Bank Na London Jpmorgan	NO0010196140	1,185,890	0.12 %
SA Steinar Aagesen 1951	NO0010196140	1,179,100	0.12 %
CB Chase Bank Na London Jpmorgan	NO0010196140	1,150,845	0.12 %
SB Street Bank And Trust Comp State	NO0010196140	1,130,727	0.12 %
A A. SUNDE INVEST AS	NO0010196140	1,100,000	0.11 %
HA Henrik Andreas Bjørgung 1980	NO0010196140	1,099,500	0.11 %
MS Morgan Se Jp	NO0010196140	1,078,200	0.11 %
EB Enskilda Banken Ab Skandinaviska	NO0010196140	1,063,409	0.11 %
K KLK INVESTMENT AS	NO0010196140	1,000,000	0.1 %
TB The Bank Of New York Mellon	NO0010196140	976,059	0.1 %
T TELENOR PENSJONSKASSE	NO0010196140	950,000	0.1 %
S SALT & PEPPER HOLDING AS	NO0010196140	943,000	0.1 %
V VERDIPAPIRFONDET VIBRAND NORDEN	NO0010196140	941,122	0.1 %
HA Handelsbanken Ab Svenska	NO0010196140	937,363	0.1 %
AS As Swedbank	NO0010196140	937,255	0.1 %
V VERDIPAPIRFONDET DNB OBX	NO0010196140	915,756	0.1 %

Shares owned by the NORWEGIAN AIR SHUTTLE ASA

Name	Share class	Total number of shares	Share
N NORWEGIAN GROUND HANDLING AS	Ordinary shares	60,000	100 %
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 CREW SERVICES AS	Ordinary shares	100	100 %
N NORWEGIAN REWARD AS	Ordinary shares	1,000,000	100 %
N NORWEGIAN CARGO AS	A-shares	65,000	65 %
A AIRPORT COORDINATION NORWAY AS	A-shares	20	20 %
N NORSK E-FUEL AS	Ordinary shares	1,312	1.84 %
N NORWEGIAN BLOCK EXCHANGE AS	NO0010984966	2,446,400	1.79 %
N NORWEGIAN AIR SHUTTLE ASA	NO0010196140	1,685	< 0.01 %

Last update: Jun 2, 2025

Group structure

NORWEGIAN AIR SHUTTLE ASA
Total operating income 2023: NOK 822,000,000
Operating profit 2023: NOK -1,212,000,000
Employees: 143

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	822,000,000	551,000,000	3,946,000,000
Annual Total Result	-400,000,000	62,000,000	12,993,000,000
Total assets	28,028,000,000	26,911,000,000	17,656,000,000
Total liabilities	17,013,000,000	15,375,000,000	6,107,000,000
Total equity	11,015,000,000	11,536,000,000	11,550,000,000

P&L

Year	2023	2022	2021
Total operating income	822,000,000	551,000,000	3,946,000,000
Total operating costs	2,034,000,000	857,000,000	1,618,000,000
Operating result	-1,212,000,000	-306,000,000	2,328,000,000
Financial income/costs	812,000,000	677,000,000	11,124,000,000
Profit before tax	-400,000,000	371,000,000	13,452,000,000
Total tax & extraordinary income/cost	0	309,000,000	459,000,000
Annual Total Result	-400,000,000	62,000,000	12,993,000,000

Balance overview

Year	2023	2022	2021
Total fixed assets	8,540,000,000	8,817,000,000	8,165,000,000
Total current assets	19,488,000,000	18,094,000,000	9,491,000,000
Total assets	28,028,000,000	26,911,000,000	17,656,000,000
Short term debt	14,063,000,000	11,859,000,000	2,614,000,000
Long term debt	2,950,000,000	3,516,000,000	3,493,000,000
Total liabilities	17,013,000,000	15,375,000,000	6,107,000,000
Contributed capital	26,579,000,000	26,279,000,000	28,069,000,000
Retained earnings	-15,564,000,000	-14,743,000,000	-16,519,000,000
Total equity	11,015,000,000	11,536,000,000	11,550,000,000
Total equity and liabilities	28,028,000,000	26,911,000,000	17,657,000,000

NORWEGIAN AIR SHUTTLE ASA965 920 358

NORWEGIAN AIR SHUTTLE ASA

Keywords

Links

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the NORWEGIAN AIR SHUTTLE ASA

Group structure

Financials

Summary

P&L

Balance overview

Classification