Full Norse Atlantic fleet will not fly until summer 2025

Norse Atlantic Airways is keeping capacity trimmed until summer 2025.

The low fares long-haul carrier has a total of 15 Boeing 787 Dreamliners and plans to operate 12 this summer.

Norse Atlantic is extending the terms for four B787s which are currently sub-leased.

Sub-lease terms for three aircraft have been extended by up to one year from their original return date and will now be redelivered to the airline between March and May 2025.

Another will be extended by two months before being returning to Norse Atlantic in early May this year ahead of the peak summer flying schedule. 

“The agreement will increase total cash profit during the extended sub-lease periods,” the carrier said.

All 15 aircraft are on long-term flexible lease terms agreed during 2021 when lease rates were at historical low prices. 

Founder and chief executive Bjørn Tore Larsen said: “This extension to the sub-lease agreements for four of our Dreamliner aircraft provides a further opportunity to increase secured total cash profit during the lease period. 

“Our strategy is to grow at a steady pace in line with market demand.

“We intend to operate 12 Boeing 787 Dreamliner aircraft during our summer 2024 season and we look forward to building up to a fully operational fleet of 15 aircraft in 2025.”

Go to Source...