Norse Atlantic ASA

Strong Year On Year Figures And Continued 100 Per Cent Completion Rate As Winter Charter Operations Increase

In November, Norse Atlantic Airways continued to demonstrate strong year on year

performance, additionally the airline completed one charter to Antarctica and

four ACMI flights. The month saw an average load factor of 61 per cent,

representing an increase of 11 percentage points (p.p.) year on year. During

November, Norse Atlantic Airways had 48,839 passengers across 242 flights, with

84 per cent of flights arriving within 15 minutes of their scheduled arrival

time and a completion rate of 100 per cent.

"The month of November represents the full transition to our Winter schedule as

we reduced the number of operated flights in line with demand and transitioned

to focusing on charter and ACMI opportunities while continuing to maintain our

industry leading 100 per cent completion rate.

I am especially proud that Norse Atlantic was chartered by the Norwegian Polar

Institute to operate a flight to Antarctica to transport scientists and

equipment to this remote and challenging part of the world. This historic

flight, that was reported on by media from across the globe, represented a

milestone for Norse Atlantic as we successfully landed the first Boeing 787

Dreamliner on the Antarctic ice shelf. We have subsequently received a large

volume of diverse charter enquiries from operators looking to utilise both our

experienced crew and our modern fleet," said Bjorn Tore Larsen, CEO and Founder

Norse Atlantic Airways.

Key traffic figures for November are attached.

Contacts:

Investors: CFO, Anders Jomaas, [email protected]

Media: SVP Communications, Philip Allport, [email protected]

Norse Atlantic Airways is an 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 serve destinations including New York, Los Angeles, Orlando,

Boston, Washington, San Francisco, Jamaica, Barbados, Bangkok, Miami, Oslo,

London, Berlin, Rome and Paris. The company's first flight took off from Oslo to

New York on June 14, 2022.

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