Arendal, 10 August 2021: Norse Atlantic Airways today gave an update on its
plans to launch low-cost long-haul operations. The company believes that demand
for transatlantic travel will be back by late Q1 or early Q2 and anticipates
that all its 15 Boeing 787 Dreamliners will be flying customers between Europe
and the U.S. next summer.

"We strongly believe that there is a need for a new and innovative airline
serving the low-cost intercontinental market with modern, more environmentally
friendly and fuel-efficient aircraft as the world gradually reopens. Our plans
are on track and operations will commence when travel restrictions are lifted
and demand for transatlantic travel is back," said CEO Bjørn Tore Larsen.

"Based on the current situation, we anticipate that all our 15 Dreamliners will
be flying customers between Europe and the U.S. next summer. We will launch our
ticket sales approximately three months prior to first flight and will offer
exciting destinations that have proven to be attractive," Larsen added. 

Since its launch in March, there has been tremendous interest in Norse from the
travelling public, people who want to be a part of the team, airports, tourism
organizations, media, politicians, and authorities - on both sides of the
Atlantic.

"We are grateful for that interest, which translates to a very motivated Team
Norse," said Larsen. 

All employees will be permanently employed by the airline. The company
emphasizes a fruitful employer-employee relationship and has entered into an
agreement with the largest U.S. flight attendants' union, AFA. In addition, the
company is in dialogue with unions in other countries. 

The management team and all nominated postholders required to obtain an air
operator's certificate (AOC) are in place. Norse has applied for a Norwegian AOC
and is in the process of applying for a British AOC.

Norse will have approximately 1,600 employees by summer 2022.

Aircraft livery and brand
Norse also today presented its livery and basic elements of its brand. A small
in-house team and a local agency have developed the first part of the brand
identity. 

"Like the Norsemen who traveled and explored the world with their state-of-the
art longships, Norse Atlantic Airways will give people the opportunity to
explore other continents by offering affordable flights on board modern and more
environmentally friendly Boeing 787 Dreamliners," said Larsen.  

For more information and to download images, please visit www.flynorse.com.

A copy of the presentation held today at 12:00 CET at the Company's head office
in Arendal by CEO Bjørn Tore is attached.

Investor contacts:
James Lightbourn, CFO, james.lightbourn@flynorse.com 
Ben Boiling, VP Finance, ben.boiling@flynorse.com 

Media contact:
Lasse Sandaker-Nielsen, media@flynorse.com


About Norse Atlantic Airways
Norse Atlantic Airways is a new innovative airline planning to serve the
international, low-cost market between popular European and US destinations with
a fleet of modern, fuel-efficient and more environmentally friendly Boeing 787
Dreamliners. Norse Atlantic Airways was established in February 2021 with its
shares admitted to trading on Euronext Growth Oslo in April 2021. For more
information, visit www.flynorse.com.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.
This stock exchange release was published by Ben Boiling, VP Finance, Norse
Atlantic ASA, on 10 August 2021 at 12:00 CET.