Norse Atlantic ASA

Regulatory Filings • Feb 7, 2022

Norse Atlantic Airways launches Cadet Program with OSM Aviation Academy

Norse Atlantic Airways launches Cadet Program with OSM Aviation Academy

Norse Atlantic Airways and OSM Aviation Academy have agreed to work together to

launch a cadet program that will prepare the flight academy's students for a

future career at the new long-haul airline.

Norse will take to the skies in the second quarter of 2022 and will operate

affordable flights between Europe and North America with a fleet of 15 modern

and more environmentally friendly Boeing 787 Dreamliner aircraft. Once the

airline is fully operational, the development and developing a cadet program

will commence in close collaboration with OSM Aviation Academy.

"Initiating a career path and mentorship program for our pilots as early as

their initial stages of education and training aligns with our values of

inclusive, ownership and kindness. We believe that taking ownership and

including our future colleagues at an early stage will be a key effort in

securing the talent of tomorrow," said Chief Culture Officer Kristin Berthelsen

at Norse.

"We are thrilled to launch this collaboration with Norse Atlantic Airways, a

company that represents innovation and will create many new jobs in the aviation

industry. We see our students as future colleagues, ensuring that they have the

best career options after graduation. This partnership will motivate them even

further to study diligently and work hard to pursue these opportunities and make

a future for themselves," said Hans Kyrre Hultgren, Managing Director at OSM

Aviation Academy.

Norse's CEO Bjørn Tore Larsen owns 73.5 percent of OSM Aviation Academy through

his company BTLCO.

About OSM Aviation Academy

OSM Aviation Academy has trained and educated pilots since 1963 and is shaping

the future of aviation by providing excellent education for the next generation

of pilots. OSMAA aims to offer carbon-neutral pilot education by 2025 and

promotes inclusion and diversity in the aviation industry to ensure that there

will be enough qualified and highly trained pilots in the years to come. The

academy has training locations in Norway, Sweden, and the United States of

America. For more information, visit www.osmaviationacademy.com.

About Norse Atlantic Airways

Norse Atlantic Airways is a new airline that will offer 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, Florida, Paris,

London and Oslo, among others. First flights are expected to take off in the

second quarter of 2022.