Norse Atlantic Airways has successfully negotiated the extension of sublease terms for four of its Boeing 787 Dreamliner aircraft, enhancing its fleet management strategy.
This extension includes three Boeing 787-8 Dreamliners, with their return to Norse now scheduled between the end of March and May 2025, and one Boeing 787-9 Dreamliner set to return in early May 2024.
The extended sublease terms are anticipated to bolster Norse Atlantic Airways’ cash profit during these periods, reflecting the airline’s adept approach to fleet utilization and financial planning.
Norse Atlantic Airways boasts a fleet of 15 Boeing 787 Dreamliners, all secured under flexible long-term lease agreements at competitive rates established in 2021.
Bjørn Tore Larsen, CEO and Founder of Norse Atlantic Airways, highlighted the financial and strategic benefits of the sublease extensions, emphasizing the airline’s commitment to growth aligned with market demand.
With plans to operate 12 Boeing 787 Dreamliners in the summer 2024 season, Norse Atlantic Airways is on track to utilize its full fleet of 15 aircraft by 2025, marking significant progress in its operational and expansion goals.