Norse Atlantic signs term sheet for sublease of fifth 787

Norse Atlantic Airways has signed a term sheet for the sublease of a fifth aircraft, a Boeing 787-8, for a total lease period of 18 months. The agreement will increase total cash profit during the sublease period and is in addition to the previously announced four aircraft that have been subleased. The aircraft is expected to be delivered to the sub-lessee before year end with a lease period of 18 months. Bjørn Tore Larsen, CEO Norse Atlantic Airways said: “This additional sublease agreement provides a further opportunity to increase total cash profit during the lease period. We intend to operate