Norse Atlantic Airways signs agreement with Air Europa to sublease four of its Boeing 787 Dreamliners
Source: Norse Atlantic Airways The aircraft will be delivered to Air Europa in the second quarter. The sublease is subject to completion of documentation, expected to occur around the end of April Norse Atlantic Airways and Spanish airline Air Europa have signed a term sheet for the sublease of four aircraft, two Boeing 787-8s and two Boeing 787-9s. The agreement will generate positive cash flow for Norse and is for a period of 18 months. “This sublease agreement with Air Europa provides a compelling opportunity to generate positive cash flow from aircraft that we were not planning to fully utilize in our start-up phase. The agreement strengthens our already solid financial position as we continue to stay true to our [...]