­­Norse February operational update - Record results in February with complete summer schedule available for sale between Europe and the US

10 Mar 2023 09:00 CET

· Completed the launch of the company's full summer schedule featuring six new
destinations from London Gatwick to the US, bringing the total number of routes
served to seven.
· Norse Atlantic is now the number one airline serving the US from London
Gatwick, with Los Angeles, San Francisco, Boston, Washington D.C., Orlando and
Fort Lauderdale joining New York.
· From New York JFK the airline will serve five European destinations this
summer, including Rome, Paris, Berlin, Oslo and London.
· In total Norse Atlantic will operate 13 routes between Europe and the US
this summer.
· Making significant progress toward becoming the industry's first successful
long haul, low cost airline

Arendal, 10[th] March 2023: During February Norse Atlantic Airways completed the
launch of the company's full summer schedule featuring six new destinations from
London Gatwick to the US, bringing the total number of routes served to seven.
Norse Atlantic is now the number one airline serving the US from London Gatwick,
with Los Angeles, San Francisco, Boston, Washington D.C., Orlando and Fort
Lauderdale joining New York. From New York JFK the airline will serve five
European destinations this summer, including Rome, Paris, Berlin, Oslo and
London. In total Norse Atlantic will operate 13 routes between Europe and the US
this summer.

The month of February marked a milestone for Norse Atlantic Airways as record
ticket sales combined with a focus on ancillaries led to the most successful
month in the company's history. Norse Atlantic Airways continues to be on track
to deliver on the previously announced business plan and to be profitable by the
end of 2023.

 "We are very pleased to now be able to offer customers our full summer flight
schedule. Demand since launch has been very encouraging and we expect a busy
summer season. In February Norse Atlantic broke multiple revenue, ticket sales
and website visit records and we are seeing strong booking volumes across our
network for the summer period with flights to and from London to the US proving
to be particularly popular during the peak months. Our planning team is now
shifting its focus from summer to winter, as our business matures and we seek
longer selling windows. We look forward to sharing initial winter plans with an
emphasis on sun destinations towards the end of March," said Bjorn Tore Larsen,
CEO Norse Atlantic Airways.

During February, Norse Atlantic Airways recorded an aggregate load factor for
the month of 50 per cent, including charter operations. Norse Atlantic Airways
operated a total 203 flights. 80 per cent of operated flights arrived within 15
minutes of the scheduled arrival time, an improvement of six per cent compared
to the previous month. The company operated 98 per cent of scheduled flights,
three round trips were cancelled due to the closure of New York JFK terminal 1
over multiple days related to a fire at the facility. Norse Atlantic carried
32,970 passengers in February.

Key traffic figures for February 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, Oslo, London, Rome,
Berlin and Paris. The Company's first flight took off from Oslo to New York on
June 14, 2022.

More information:
Access the news on Oslo Bors NewsWeb site

584862_Key_Financials_since_first_flight_Feb23.pdf