OSLO, Aug 2 (Reuters) - Norway's Norse Atlantic
(>> Norse Atlantic ASA), a recently formed long-haul airline that plans to
challenge established players on routes between Europe and the
United States, has agreed to lease six aircraft from BOC
Aviation, it said on Monday.
The leasing agreement expands the budget carrier's fleet to
15 widebody jets, all Boeing 787 Dreamliners, as Norse
seeks to fill the void left by Norwegian Air's exit
from transatlantic routes.
The global airlines industry has experienced heavy losses
during the coronavirus pandemic, leaving a glut of airplanes
available for those launching new carriers.
Norse has said it could offer its first flights by the end
of 2021, depending on how the pandemic and travel restrictions
"We very much look forward to welcoming customers on both
sides of the Atlantic on board these state-of-the-art aircraft
as soon as demand for transatlantic travel resumes," Norse
founder and CEO Bjoern Tore Larsen said in a statement.
The leasing contract with BOC is for around 16 years for
each of the six aircraft, Norse said. It comes on top of nine
jets leased from Ireland's AerCap for between eight and
12 years each.
"The lease is at attractive rates and payment terms,
allowing the company a flexible implementation during start-up
of its operation," Norse said of the BOC deal.
The airline plans to fly from U.S. destinations such as New
York, Los Angeles and Miami to European cities including London,
Paris and Oslo. It has said it will seek to expand its business
based on demand and profitability, and could eventually also
include destinations in Asia.
Norwegian Air, which came close to collapse when the
coronavirus pandemic broke out in 2020, underwent a financial
restructuring earlier this year, emerging as a European-only
(Reporting by Terje Solsvik; Editing by Kirsten Donovan)