Norse Atlantic Airways has already sub-leased four Dreamliners to Air Europa. The company has now announced that another Boeing 787-8 will be "passed on". You don't need the machine at the moment.

The five Dreamliners are owned by leasing companies, which lease the aircraft to Norse Atlantic Airways in return for payment of monthly usage fees. Subcontracts have been concluded with the consent of the aircraft owners. In concrete terms, this means that the Norwegian carrier remains the official contractual partner, but simply “subleases” the five aircraft. Formally, these are what are known as dry lease contracts, since, in contrast to wet leases, no personnel are provided.

“This additional sublease provides another opportunity to increase overall profit over the lease term. We intend to operate ten Boeing 2023 Dreamliners in our 787 summer season, which is a significant increase from our launch phase in 2022,” said Bjørn Tore Larsen, Managing Director of Norse Atlantic Airways.

Financially, the deal is significant for the carrier. The additional sublease agreement has a term of 18 months. During this time, you do not have to provide ticket income yourself in order to be able to pay the monthly leasing installments. However, one bears the economic risk if the “subtenant” should go bankrupt.