Norse Atlantic ASA

Regulatory Filings • Feb 26, 2024

Norse Atlantic Airways and Air Peace Announce ACMI Charter Agreement

Norse Atlantic Airways and Air Peace Announce ACMI Charter Agreement

Norse Atlantic Airways is pleased to announce that it has entered into an

agreement with Air Peace for an ACMI (Aircraft, Crew, Maintenance, and

Insurance) charter service. This collaboration marks the beginning of a

strategic partnership aimed at providing seamless air travel solutions between

London and Lagos, Nigeria.

Commencing in April 2024, initially for a period of two months with the

potential for a longer-term agreement, the ACMI charter will operate four times

a week, offering travellers convenient and reliable transportation options

between these key destinations.

Norse Atlantic Airways will be using slots at London Gatwick allocated to Air

Peace to facilitate this new route.

"We are thrilled to be working with Air Peace to launch this ACMI charter

service between London Gatwick and Lagos. This collaboration represents an

exciting opportunity to leverage our expertise in charter operations to deliver

a reliable and high-quality service to Air Peace and their customers," said

Bjørn Tore Larsen, CEO and Founder of Norse Atlantic Airways. "

"Air Peace is delighted to have signed this partnership deal with Norse Atlantic

Airways for the commencement of our London service. As we make a foray into the

European market, we are confident that this strategic partnership will further

position us to surpass the expectations of our customers, offering them superior

air travel experience while we continue to optimise our operations for more

innovative service delivery", stated Allen Onyema, Chairman/CEO, Air Peace.

Norse Atlantic and Air Peace will continue to discuss potential longer-term

partnerships between the two airlines to explore avenues for further

collaboration and expansion in the future.

About Norse Atlantic:

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,

Jamaica, Barbados, Bangkok, Miami, Oslo, Athens, London, Berlin, Rome and Paris.

The company's first flight took off from Oslo to New York on June 14, 2022.

About Air Peace:

Air Peace is West and Central Africa's foremost airline which commenced

scheduled commercial flight operations in October 2014, and has experienced

steady growth in route and fleet size, becoming the largest carrier in Nigeria.

The airline currently has a network of 21 domestic routes, 10 regional routes

and 6 international destinations, including Dubai-UAE, Guangzhou-China, Jeddah

-Saudi Arabia, Tel Aviv-Israel, Johannesburg-South Africa and Mumbai-India. Air

Peace boasts of an increasing modern fleet of over 30 aircraft, including 3

luxury Boeing 777s, 8 Embraer 145s, 1 Dornier 328 Jet, 13 Boeing 737s, 5 brand

new Embraer 195-E2s(8 more to be delivered), 10 leased Airbus 320s plus firm

orders for 5 brand new E175s and 10 Boeing Max aircraft.

Philip Allport

Senior Vice President Communications

media@flynorse.com