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Norse Atlantic to lease out six aircraft in bid to raise $462m after poor summer

Air
Gary Noakes
29 November 2024

Transatlantic budget carrier Norse Atlantic Airways is close to sealing a $462 million deal to lease out six of its aircraft to an unnamed airline after posting another quarterly loss.

Norse hopes to lease out six of its 15 aircraft (Credit: Norse Atlantic Airways)

Norse, which currently operates 15 Boeing 787s, has signed a "detailed letter of intent" to lease part of its fleet.

Two aircraft will be redeployed in February 2025 and another four in September next year. It will operate its scheduled routes from Gatwick and Europe using its remaining six aircraft, with another three being already leased out.

Norse said: “The agreement as contemplated with this tier one international airline… will represent a new era for the company… leaving Norse with a business model carrying lower market risk.”