Norse signs new lease agreement for 787 Dreamliner jets

Norway’s new low cost airline will receive six aircraft from BOC Aviation by December

Norse Atlantic Airways announced on Monday a new lease agreement for Boeing 787-9 Dreamliners aircraft. The low-cost company, which had already contracted nine of these jets with AerCap, has now reached a new lease agreement with BOC Aviation for six aircraft.

The first aircraft will be delivered in December on a 16-year term. With the two contracts, Norse will have an initial fleet of 12 widebodies 787-9 and three 787-8, with smaller passenger capacity.

“We are pleased to expand our leasing relationships to include a lessor of the caliber of BOC Aviation as we grow our fleet and continue to build our organization for a take-off,” said Bjorn Tore Larsen, Founder and Chief Executive Officer of Norse. “We very much look forward to welcoming customers on both sides of the Atlantic on board these state-of-the-art aircraft as soon as demand for transatlantic travel resumes”.

Like Norwegian Air, an airline founded by one of Norse’s partners, the new Norwegian carrier plans to operate transatlantic flights with Boeing’s most modern aircraft.

The advantage Norse Atlantic takes advantage of is that leasing values ​​have fallen significantly due to the pandemic, enabling more advantageous agreements with lessors.

The airline hopes to debut its flights in December and start selling tickets during the fall. Destinations include cities such as New York, Miami and Los Angeles in North America, and Oslo, London and Paris in Europe.

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