The carrier has placed 120,000,000 new shares with investors and will offer another 60,000,000 in order to raise funds.

Norse said the share issue was “one and a half times oversubscribed, clearly demonstrating a strong confidence by investors in the Norse Atlantic Airways business strategy and model”.

The carrier will hold an extraordinary general meeting on 9 December to approve the increase in the airline’s share capital, which will see the value of its existing shares diluted.

“This successful equity raise will allow Norse Atlantic to build on its already strong financial base,” said Bjorn Tore Larsen, Norse Atlantic Airways chief executive.

He added: “We were already in a much stronger position strategically and financially than many other airlines and we now look forward to growing from strength to strength as we look ahead to our UK summer 2023 operations and wider route network.”

Norse has said it will unveil new destinations from the UK in the next few weeks.