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Norse Atlantic ASA

Earnings Release Oct 17, 2022

3683_rns_2022-10-17_6883164b-6f58-49d7-8cc3-40ff72ec97b7.html

Earnings Release

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Norse Atlantic UK receives authorisation from US Department of Transport to operate flights between the United Kingdom and the US

Norse Atlantic UK receives authorisation from US Department of Transport to operate flights between the United Kingdom and the US

Norse Atlantic is pleased to announce that the US Department of Transport has

proposed to grant Norse Atlantic UK Ltd a foreign air carrier permit. Following

the recent issue of a UK Air Operator Certificate by the UK Civil Aviation

Authority, this historic milestone will pave the way for the company to commence

direct transatlantic operations between the United Kingdom and the United

States.

Following extensive support on both sides of the Atlantic from the AFA, Cockpit

Association of Norway, BALPA and Unite unions; airports, business leaders,

politicians and many others; the decision by the US DOT makes it possible for

the company to plan routes between London Gatwick and the U.S. that will benefit

consumers, businesses and local economies.

The US DOT highlighted that Norse Atlantic UK had demonstrated that it was a

financially and operationally sound business; it was also concluded that it was

clearly in the interest of US citizens that Norse UK be allowed to operate.

"We are very thankful for the support that we have received on both sides of the

Atlantic throughout our application. This milestone represents a huge step in

creating competition in the transatlantic market that will benefit consumers,

stimulate business travel and lead to job creation. We are pleased that we will

continue to deliver on our pledge to democratize transatlantic travel and we

look forward expanding our point-to-point route network between London Gatwick

and the US as part of our summer 2023 schedule," said Bjorn Tore Larsen, CEO

Norse Atlantic Airways.

Norse Atlantic exclusively operates state of the art Boeing 787 Dreamliners

offering a two-cabin configuration, Premium and Economy. Passengers can choose

from a simple range of fares, Light, Classic and Plus, that reflect the way that

they want to travel, and which options are important to them. Light fares

represent Norse's value option while Plus fares include the maximum baggage

allowance, two meal services an enhanced airport and onboard experience and

increased ticket flexibility.

Philip Allport

Senior Vice President Communications

[email protected]

Norse Atlantic Airways is a new airline that offers affordable fares on long

-haul flights, primarily 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, Oslo, London, Berlin and Paris. The company's first

flight took off from Oslo to New York on June 14, 2022.

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