­­Norse May operational update – Load factor continues to rise month on month as the airline enters significant ramp up period

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  • 73 per cent load factor for the month of May marks third consecutive month on month increase.
  • Miami announced as a new destination serving London and Oslo from 18th September.
  • Norse Atlantic Airways is operationally ready to deliver an increased production over the peak summer season.

Arendal, 12th June 2023: Norse Atlantic Airways announced Miami as a new destination serving both London and Oslo from 18th September. Miami has high levels of both direct and connecting passenger traffic and a well-developed cargo facility that will allow the airline to maximise the potential of the company’s Boeing 787 Dreamliner fleet operating on the route.

During the month of May the company celebrated two inaugurals from London with the launch of services to Orlando and Fort Lauderdale. At London Gatwick the airline now operates three services to the US out of seven open for sale and by 1st July will become the largest long haul operator to the US from the London airport as flights to Los Angeles and San Francisco take to the skies.

We are very pleased to report that May was our third highest load factor since operations began and to see a month on month increase for the third consecutive month. We have worked hard to ensure a robust operation and sufficient crew numbers to deliver a significant ramp up in production for the peak summer months and we are looking forward to welcoming on board an increasing number of passengers during this period.

As we celebrate the first full year of flight operations on 14th June we can look ahead with pride and a great sense of achievement as we will now have a fully operational fleet serving 12 destinations throughout the summer 2023 season - five European cities connected to seven key US destinations. We remain committed to delivering on our pledge to become the world’s first profitable low cost long haul airline,” said Bjorn Tore Larsen, CEO Norse Atlantic Airways.

During May, Norse Atlantic Airways recorded an aggregate load factor for the month of 73 per cent, including charter operations, an increase of six per centage points compared to the previous month and the third month in row that the company has recorded an increase in load factor. Norse Atlantic Airways operated a total 243 flights. 80 per cent of operated flights arrived within 15 minutes of the scheduled arrival time. The company operated 100 per cent of scheduled flights. Norse Atlantic carried 58,680 passengers in May.

Key traffic figures for May are attached.

Contacts:

Investors: CFO, Ben Boiling, ben.boiling@flynorse.com

Media: SVP Communications, Philip Allport, philip.allport@flynorse.com

Norse Atlantic Airways is a new airline that offers affordable fares on long-haul flights between Europe and the United States. The Company was founded by CEO and major shareholder Bjørn Tore Larsen in March 2021. Norse has a fleet of 15 modern, fuel-efficient and more environmentally friendly Boeing 787 Dreamliners that will serve destinations including New York, Los Angeles, Fort Lauderdale, Orlando, Boston, San Francisco, Washington DC, Miami, Oslo, London, Rome, Berlin and Paris. The Company's first flight took off from Oslo to New York on June 14, 2022.

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