AERCAP HOLDINGS N.V. Arendal ,29 March 2021 :Norse Atlantic ASA ("Norse Atlantic Airways " or the "Company") today signed lease agreements with affiliates ofAerCap Holdings NV ("AerCap"), for the lease of its initial fleet of sixBoeing 787-9s and threeBoeing 787-8 aircraft (the "Leases"). The Company plans to take delivery of the first aircraft ahead of its maiden flight scheduled forDecember 2021 , with delivery of all aircraft no later than end of Q1 2022. The Leases are at attractive rates and payment terms, allowing the Company a flexible implementation during start-up. The lease terms are approximately 8 years for the 787-8 aircraft and approximately 12 years for the 787-9 aircraft. BjørnTore Larsen , Chief Executive Officer ofNorse Atlantic Airways said "We are thrilled to be partnering with a market leader in AerCap to lease our initial fleet of Dreamliners. NorseAtlantic Airways looks forward to providing our passengers with comfortable, affordable, intercontinental travel aboard these state-of-the-art aircraft."Peter Anderson , Chief Commercial Officer of AerCap, said, "AerCap is excited to announce the signing of lease agreements for nineBoeing 787 aircraft withNorse Atlantic Airways . With its superior operating characteristics, the 787 is the perfect aircraft forNorse Atlantic Airways to launch a modern long-haul low-cost airline, and we are delighted to be supplying them with their first aircraft. We wishNorse Atlantic Airways every success and look forward to working with them as they roll out their plan in the years to come." Contacts: BjørnTore Larsen , CEO bjorn.larsen@flynorse.comJames Lightbourn , CFO james.lightbourn@flynorse.com +1 (804) 313 0375 AboutNorse Atlantic Airways Norse Atlantic Airways is a new innovative airline serving the low-cost, intercontinental market between popular European and US destinations with a fleet of modern, fuel-efficient and more environmentally friendlyBoeing 787 Dreamliners. Established inFebruary 2021 and expected to be listed on the Euronext Growth Exchange inOslo on12 April 2021 ,Norse Atlantic expects to be taking-off with its first flight inDecember 2021 . For more information, visit www.flynorse.com Forward looking statements The information included herein may contain forward looking statements. Forward looking statements include all statements that are not historical facts, including but not limited to statements expressing or implying the Company's intent, belief or current expectations with respect to, among other things, forecasts, estimates, and predictions. Such forward looking statements necessarily involve risks and uncertainties and are dependent on assumptions, information, data or methods that may be incorrect or imprecise. Actual results could differ materially from expectations expressed in the forward-looking statements if one or more of the underlying assumptions or expectations proves to be inaccurate or is unrealized. Actual results may differ materially from those expected or projected in the forward-looking statements. The Company undertakes no responsibility or obligation to update or alter forward-looking statements for any reason. 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. Thisstock exchange release was published by Ben Boiling, VP Finance,Norse Atlantic ASA , on29 March 2021 at19:00 CET .
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