Norse Atlantic Airways has completed the previously announced redelivery of
three Boeing 787-8 aircraft. The aircraft were initially delivered to Norse
Atlantic in 2022 and since then have been on continuous sublease on a dry lease
basis to another airline. Prior to redelivery, the three 787-8 aircraft had
approximately four years lease length remaining. Following the transaction Norse
Atlantic has a uniform, flexible and cost-efficient fleet of 12 Boeing 787-9
aircraft only, with remaining lease lengths of 7 to 14 years and an average
lease length of ten and a half years.
The transaction will result in a significant accounting gain that will be
recognized in Q1 2025.