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

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.

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