Norway’s startup airline, Norse Atlantic, continues to arms itself to start its commercial services; the airlines has signed up for six more of B787-9s on August 02, 2021, which is expected to be delivered by the end of the year.
The additional six aircraft from the Boeing family will increase the airline’s fleet size to a total of 15 B787s. With the increased fleet size, Norse intends to commence its transatlantic flights to New York, Los Angeles, Miami, Oslo, Paris, and London.
Long-Term Used Boeing Lease
The Norway-based airlines signed an agreement with BOC Aviation on 2nd August 2021 to lease six used Boeing 787-9s aircraft. Norse Atlantic is leasing the aircraft on a long-term basis, with a leasing duration of approximately 16 years for each aircraft. The statement also describes that the startup airlines has secured the leasing agreement with attractive rates and payment terms.
During the signing, the Chief Executive Officer of Norse Atlantic Airways, Bjørn Tore Larsen, revealed how pleased they are to expand their leasing relationship with BOC Aviation. They are leaning towards strengthening the carrier’s strength take-offs.
The startup airlines is looking forward to welcoming customers on both sides of the Atlantic on these state-of-the-art aircraft from the Boeing family as soon as the demand for transatlantic travel resumes. Although it is the airlines’ initial plan, the structure of its service will depend on the travel restrictions that still exist between the United States and European Union.
Norse Atlantic had just recently entered into its first lease agreement in March 2021 with AerCap. The deal included Nose Atlantic leasing six used Boeing 787-9s, including three of the Boeing 787-8s, the aircrafts using Roll Royce Trent-100 engines are scheduled to be delivered by the end of 2021.
According to the agreement, Under BOC Aviation and AerCap delivery schedules, Norse plans to receive its first aircraft by December 2021, with the delivery period deadline by the first quarter of 2022.
Filling Void In Long-haul Market After Norwegian Air
The Oslo-based airlines Norwegian Air had sketched a similar plan to conquer the low-cost long-haul market to the current startup Norse Altlantic; however, due to being critically affected by the Covid-19 pandemic, Norwegian Air had abandoned the long-haul routes.
Thus, now the Norwegian Air will be solely focussing on the short and medium-range routes. Meanwhile, the startup airlines will be filling the void left by Norwegian Air in the long-haul market. Although none of the airlines have been successful with the low-cost long-haul strategy, it is yet to be seen what outcome will Norse Atlantic will bring with its capable teams and smart collaborations.
Norse Atlantic Airways
The startup low-cost long-haul Norwegian airlines was launched in March 2021 with Bjørn Tore Larsen as CEO/founder of the airlines with the major shares threshold. With a head-base at Arendal, Norway, Norse Atlantic will serve the low-cost intercontinental market with the latest field-efficient and eco-friendly aircraft, Boeing 787 jetliners. The airlines will obtain a Norwegia AOC and has yet to secure an International Civil Aviation Organisation(ICAO) or an International Air Transport Association(IATA) code.
With the aim of providing public flights to exciting destinations at affordable prices, the airlines will operate service in the routes that have already proved to be popular for both leisure and business travelers. Norse Atlantic will emphasize a low-cost and low-fare market with capable management and administration team reaping the benefits of smart collaborations with external partners. The long-haul routes in the new Boeing aircraft with high cabin configuration will help the airlines keep the cost down, successfully providing high-quality, attractive service to its customers at economical fares.
Norse Atlantic is planning to commence its first flights in late 2021 or early 2022. The company will focus on widening its reach with more routes and destinations depending upon the customers’ demand; customers will be able to book tickets from the airlines from the fall of 2021.