Norse Atlantic Airways to sublease four of its Boeing 787 Dreamliners
Norse Atlantic Airways and Spanish airline Air Europa have signed a term sheet for the sublease of four aircraft, two Boeing 787-8s and two Boeing 787-9s. The agreement will generate positive cash flow for Norse and is for a period of 18 months.“This sublease agreement with Air Europa provides a compelling opportunity to generate positive cash flow from aircraft that we were not planning to fully utilize in our start-up phase. The agreement strengthens our already solid financial position as we continue to stay true to our strategy of cautiously entering the market and ramping up based on