Norse Atlantic ASA signs lease agreements with AerCap for nine Dreamliners
Arendal, 29 March 2021: Norse Atlantic ASA (“Norse Atlantic Airways” or the “Company”) today signed lease agreements with affiliates of AerCap Holdings NV (“AerCap”), for the lease of its initial fleet of six Boeing 787-9s and three Boeing 787-8 aircraft (the “Leases”). The Company plans to take delivery of the first aircraft ahead of its maiden flight scheduled for December 2021, with delivery of all aircraft no later than end of Q1 2022.
The Leases are at attractive rates and payment terms, allowing the Company a flexible implementation during start-up. The lease terms are approximately 8 years for the 787-8 aircraft and approximately 12 years for the 787-9 aircraft.
Bjørn Tore Larsen, Chief Executive Officer of Norse Atlantic Airways said “We are thrilled to be partnering with a market leader in AerCap to lease our initial fleet of Dreamliners. Norse Atlantic Airways looks forward to providing our passengers with comfortable, affordable, intercontinental travel aboard these state-of-the-art aircraft.”
Peter Anderson, Chief Commercial Officer of AerCap, said, “AerCap is excited to announce the signing of lease agreements for nine Boeing 787 aircraft with Norse Atlantic Airways. With its superior operating characteristics, the 787 is the perfect aircraft for Norse Atlantic Airways to launch a modern long-haul low-cost airline, and we are delighted to be supplying them with their first aircraft. We wish Norse Atlantic Airways every success and look forward to working with them as they roll out their plan in the years to come.”
Contacts:
Bjørn Tore Larsen, CEO
bjorn.larsen@flynorse.com
James Lightbourn, CFO
james.lightbourn@flynorse.com
+1 (804) 313 0375
About Norse Atlantic Airways
Norse Atlantic Airways is a new innovative airline serving the low-cost, intercontinental market between popular European and US destinations with a fleet of modern, fuel-efficient and more environmentally friendly Boeing 787 Dreamliners. Established in February 2021 and expected to be listed on the Euronext Growth Exchange in Oslo on 12 April 2021, Norse Atlantic expects to be taking-off with its first flight in December 2021. For more information, visit www.flynorse.com
Forward looking statements
The information included herein may contain forward looking statements. Forward looking statements include all statements that are not historical facts, including but not limited to statements expressing or implying the Company's intent, belief or current expectations with respect to, among other things, forecasts, estimates, and predictions. Such forward looking statements necessarily involve risks and uncertainties and are dependent on assumptions, information, data or methods that may be incorrect or imprecise. Actual results could differ materially from expectations expressed in the forward-looking statements if one or more of the underlying assumptions or expectations proves to be inaccurate or is unrealized. Actual results may differ materially from those expected or projected in the forward-looking statements. The Company undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.
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, VP Finance, Norse Atlantic ASA, on 29 March 2021 at 19:00 CET.