Norse Atlantic Airways Reports Second Half and Preliminary Full Year 2021 Results
“We are grateful for all the support we’ve received in our build-up phase, including from authorities, union partners, travel and tourism organizations and future customers. We are on track to launch ticket sales in late March and ready for our first flight in the second quarter. We look forward to welcoming travelers on both sides of the Atlantic on board our comfortable and more environmentally friendly Dreamliners,” said CEO and Founder Bjørn Tore Larsen of Norse Atlantic Airways.
“We are building a high-performance culture and creating an environment where we value diversity, and all colleagues feel a sense of belonging. Our unique Team Norse culture will be our competitive advantage,” Larsen said.
"The tragedy unfolding in Ukraine creates uncertainties within international air transport. However we can not yet assess to which extent it will impact Norse," Larsen added.
Headlines H2 2021
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First aircraft delivered in December 2021; six more aircraft delivered post-period end
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Received Air Operator’s Certificate (AOC) in Norway
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Signed collective agreements with the pilot unions in the UK and Norway (following pre-hire agreeement with the Association of Flight Attendants in the U.S.)
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Received approval from the U.S. Department of Transport for Transatlantic Flights, post-period end
Headlines FY2021
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Norse Atlantic Airways established
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USD 171.5 million equity raised and successful listing on Euronext Growth Oslo Børs
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Secured 15 modern Boeing 787 Dreamliners on long-term leases at favorable pricing and cash flows
Please find report attached.
Contacts
Investor contact: Ben Boiling, CFO, ben.boiling@flynorse.com
Media contact: Lasse Sandaker-Nielsen, Chief Communications Officer, lasse.sandaker-nielsen@flynorse.com
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange release was published by Ben Boiling, CFO, Norse Atlantic ASA, on 2 March 2022 at 08:00 CET.
