Norse completes ACMI transition, significantly reducing fuel and market risk in volatile long-haul environment

09 Feb 2026 18:07 CET

Arendal, 9 February 2026 - Norse Atlantic ASA announce the completion of its
transition to a more resilient and balanced business model, combining long-term
ACMI charter operations with a high-graded route network of city pairs. The
milestone is marked by the delivery of the sixth and final Boeing 787-9 aircraft
under a long-term ACMI agreement with IndiGo, India's largest and one of the
world's fastest-growing airlines. The aircraft was delivered as planned on 29
January and is already in commercial operation.

With this delivery, 50% of Norse's modern Boeing 787 fleet is secured on long
-term commercial contracts, providing stable, predictable cash flow without
exposure to fuel price volatility or short-term demand swings. This
significantly reduces Norse's overall risk profile at a time when the long-haul
market has some exposure to uneven demand, and fuel price fluctuations.

The remaining aircraft continue to operate on Norse's high-graded network, which
is actively optimized to focus on routes with the strongest consumer demand.

"Completing this transition materially strengthens Norse's financial and
strategic position," said Eivind Roald, CEO of Norse Atlantic.

"Long-term ACMI operations provide predictable revenues and shield the company
from fuel price risk and ongoing market volatility, while our own network allows
us to capture upside in selected long-haul leisure markets. This balanced model
gives Norse greater stability, flexibility, and resilience in the operating
environment."

Norse Atlantic's winter program focuses on selected transatlantic routes, high
-demand services between Europe and Thailand and Europe and South Africa, and
seasonal cruise-related charter flights from the UK to the Caribbean. For the
upcoming spring and summer season, Norse will operate a network connecting key
U.S. and European cities.

The commercial terms of the ACMI agreement with IndiGo are in line with what the
company communicated on 29 November 2024. Norse will receive payment for 350
guaranteed block hours per aircraft per month, with additional compensation if
utilization exceeds this level.

Norse Atlantic Airways is an airline committed to offering affordable fares on
direct, long-haul flights to popular destinations, alongside specialized charter
and ACMI services and extensive cargo operations. Norse Atlantic operates a
modern fleet of 12 fuel-efficient Boeing 787 Dreamliners, offering Premium and
Economy Class, and serving destinations across North America, Europe, Africa,
and Asia.

The company's first flight took off from Oslo to New York on 14 June 2022. To
date, Norse has carried ca 5 million passengers and reported revenue of USD 680
million for the 12 months ending 30 September 2025.

For further inquiries, please contact:

Media contacts: Bård Nordhagen, baard.nordhagen@flynorse.com

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