BOC Aviation finalizes Boeing 787 deliveries to Norse Atlantic

A Norse Boeing taxis out to the runway.

LONDON – Lessor BOC Aviation has finalized and delivered the 6th Boeing 787-9 Dreamliner, to Norwegian start-up low-cost long haul carrier, Norse Atlantic Airways (NBT). The delivery of the sixth Dreamliner finalizes BOC Aviation’s agreement with Norse for 6 aircraft

Completion of deliveries

International aircraft lessor BOC Aviation Limited (BOC Aviation), has announced the completion of six Boeing 787-9 Dreamliner deliveries for the Long Haul Low Cost Carrier, Norse Atlantic, BOC Aviation confirmed themselves through an official statement on 28 October.

All six Boeing 787-9 Dreamliners are powered by Rolls Royce Trent 1000 TEN-engines, and make a great addition to the Norse Atlantic’ Dreamliner fleet.

Management statements

In the official BOC Aviation press release, BOC Aviation’s Chief Executive Officer (CEO, and Managing Director, Robert Martin, said:

“The delivery of these six aircraft reflects the strong level of teamwork and cooperation between Norse Atlantic and ourselves. We look forward to working with Norse on its future fleet requirements and remain committed to providing all our customers with fuel-efficient and technologically advanced aircraft.”

Bjørn Tore Larsen, Chief Executive Officer of Norse Atlantic Airways also commented the delivery, saying: “We are delighted to have completed the delivery of six Boeing 787 Dreamliner aircraft from BOC Aviation. This marks another milestone for Norse Atlantic Airways and is a testament to the hard work and cooperation of both companies to conclude this agreement,”

Recent sub-lease agreement

Just over a week ago, Norse Atlantic agreed to the terms of a sub-lease for one Boeing 787-8 Dreamliner, totalling an 18-month (1.5 year) leasing period, with the agreement being part of increasing cash profit throughout the leasing period.

The agreement falls together with four other Boeing 787-8 aircraft, currently on sublease agreements as well. In the case of the fifth 787-8 Dreamliner, the sub-lessee will take delivery of it before 2022 ends.

Norse’s history in aviation

Founded in February of 2021, Norse Atlantic is a new Norwegian low-cost carrier in the Long Haul division. Called the successor of Norwegian’s Long Haul program, which went bankrupt during Covid-19, Norse Atlantic is a competitor on the long haul market of the same calibre.

The carrier is headquartered in Arendal, Norway, and was founded by Bjørn Tore Larsen, with the ex-Norwegian CEO and Founder Bjørn Kjos owning minority stakes in the airline.

Announced in March of 2021, the airline was hoping to start selling tickets in the fall season of 2021, with hopes of commercial services beginning in December of the same year.

However, the airline was forced to delay sales and launch due to the Covid-19 pandemic and the restrictions that it carried. The airline completed its first commercial flight on June 14th, 2022, and has since expanded its route network and fleet size.

About BOC Aviation

BOC Aviation is a leading global aircraft operating leasing company with a fleet of 612 aircraft owned, managed and on order. Its owned and managed fleet was leased to 81 airlines in 38 countries and regions worldwide as at 30 September 2022.

BOC Aviation is listed on the Hong Kong Stock Exchange (HKEx code: 2588) and has its headquarters in Singapore with offices in Dublin, London, New York and Tianjin.

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