Norse Atlantic Airways
Norse Atlantic Airways offers affordable long-haul Boeing 787 service, charter flying, ACMI capacity, and cargo connectivity across major markets.
Company Overview
Norse Atlantic Airways is a Norway-based long-haul, low-cost airline established in 2021, with commercial flying beginning in 2022. The company is headquartered in Arendal and runs operational headquarters in Riga, using an all-Boeing 787 Dreamliner fleet for scheduled long-haul routes, charter flying, ACMI operations, and cargo capacity. Its official materials describe service across North America, Europe, Africa, and Asia, with a 2026 model split between focused own-network routes and long-term ACMI charter flying.
Leadership & Employees
Norse Atlantic Airways employs approximately 1,076 people globally.
Key Leadership:
- CEO: Eivind Roald
- CFO: Anders J. Fagernæs
- Thom-Arne Norheim
- Kristin Berthelsen
Employee Statistics:
- Total Employees: ~1,076 globally
- Pilots: ~300
- Flight Attendants: ~580
Equipment & Technology
Norse Atlantic operates a single-type Boeing 787-9 Dreamliner fleet, which supports long-haul scheduled service, charter missions, ACMI flying, and cargo capacity with common crew, maintenance, and operating processes. The company reports 12 leased Boeing 787-9 aircraft and emphasizes fuel-efficient widebody operations, long-term lease positions, in-house maintenance capabilities, and a 24/7 operations control center in Riga. The fleet strategy is built around flexible allocation between its own network and contracted charter or ACMI work.
Fleet Composition:
Total Aircraft: 12
| Aircraft Type | Quantity |
|---|---|
| Boeing 787-9 Dreamliner | 12 |
Warehouses & Logistics Hubs
Norse Atlantic does not present itself as a warehouse operator, but its logistics relevance comes from widebody belly-cargo capacity, long-haul airport operations, crew and maintenance support, and contracted charter or ACMI flying. Official reports identify Arendal as corporate headquarters, Riga as 24/7 operational headquarters, and additional offices at Oslo Gardermoen, London Gatwick, Fort Lauderdale, and Paris. The airline also reports extensive cargo operations and cargo volumes as part of its commercial model.
Key Hub Locations:
| Location | Type | Facilities |
|---|---|---|
| Arendal, Norway | main | Corporate headquarters for Norse Atlantic ASA and group management. |
| Riga, Latvia | secondary | Operational headquarters and 24/7 operations control center supporting flight operations. |
| London Gatwick Airport | focus | Listed company office and operating base supporting Norse long-haul activity. |
| Oslo Gardermoen Airport | focus | Listed company office and airport support location in Norway. |
Global Locations & Network
Norse Atlantic serves long-haul point-to-point markets across North America, Europe, Africa, and Asia while shifting capacity between its own scheduled network and contracted charter or ACMI flying. Official materials describe a focused own-network strategy, Europe-to-Thailand winter flying, and six aircraft committed to long-term ACMI charters from the end of January 2026. The network also supports cargo revenue and charter customers, including cruise and airline wet-lease demand.
Financial Metrics & Stability
Norse reported 2025 revenue of USD 734.0 million and a net loss of USD 61.9 million, improving from a larger 2024 loss while transitioning toward a balanced own-network and ACMI/charter model. Management’s 2026 outlook points to expected EBITDAR of USD 130-150 million and profit before tax of USD 20-40 million, but the 2025 net margin remained negative.
Key Financial Metrics:
| Metric | Value |
|---|---|
| Annual Revenue | $0.7 billion |
| Profit Margin | -8.44% |
| Net Profit | $-61.9 million |
| Financial Year | 2025 |
Service Portfolio
Norse Atlantic sells direct long-haul passenger service and also provides charter, ACMI, and cargo capacity using Boeing 787-9 aircraft. Its official report describes affordable long-haul flights, specialized charter and ACMI services, and extensive cargo operations. The charter site offers dedicated Boeing 787-9 capacity for group, corporate, tour, government, sports, entertainment, cruise, and emergency or repatriation travel, while investor materials show cargo as a recurring revenue category.
Our Services:
Long-haul passenger flights
Passenger Service: Long-haul passenger flights
Charter flights
Charter Service: Charter flights
ACMI wet-lease operations
Charter Service: ACMI wet-lease operations
Belly cargo capacity
Cargo Service: Belly cargo capacity
