Norse Atlantic Airways Completes ACMI Transition

Norse Atlantic Airways has today announced that they have completed their business model transition to a combined ACMI charter operator, plus scheduled service across network of popular city pairs.  The transition is expected to significantly reduce fuel use and market risk.

Norse Boeing 787-9 Dreamliner - Courtesy Norse Atlantic Airways / Cision

On Monday (February 9, 2026), Norse Atlantic Airways announced the completion of their transition to a more resilient and balanced business model, combining long-term ACMI (Aircraft, Crew, Maintenance and Insurance) charter operations with a in-demand route network of city pairs. The milestone is marked by the delivery of the sixth and final Boeing 787-9 aircraft under a long-term ACMI agreement with IndiGo, India’s largest and one of the world’s fastest-growing airlines. The aircraft was delivered as planned on January 29th, and is already in commercial operation. Under the ACMI agreement, Norse will receive payment for 350 guaranteed block hours per aircraft per month, with additional compensation if utilization exceeds this level.

In Monday’s announcement, Norse Atlantic Airways’ CEO, Eivind Roald, said,

“Completing this transition materially strengthens Norse’s financial and strategic position.  Long-term ACMI operations provide predictable revenues and shield the company from fuel price risk and ongoing market volatility, while our own network allows us to capture upside in selected long-haul leisure markets.  This balanced model gives Norse greater stability, flexibility, and resilience in the operating environment.”

With the delivery of the sixth Boeing 787-9 to IndiGo, half of Norse’s Dreamliner fleet is now secured on long-term commercial contracts, providing stable, predictable cash flow without exposure to fuel price volatility or short-term demand swings.  This significantly reduces Norse’s overall risk profile at a time when the long-haul market has some exposure to uneven demand, and fuel price fluctuations.  The remaining aircraft will continue to operate on Norse’s scheduled service network, which is continuosly optimized to focus on routes with the strongest consumer demand.

For the winter 2025/26 flying program, Norse is focusing on select transatlantic routes, high-demand services between Europe and Thailand and Europe and South Africa, and seasonal cruise-related charter flights from the UK to the Caribbean.  For the upcoming spring and summer season, Norse will operate a network connecting key U.S. and European cities.

Norse Atlantic Airways is committed to offering affordable fares on direct, long-haul flights to popular destinations, alongside specialized charter and ACMI services and extensive cargo operations.  Norse Atlantic operates a modern fleet of 12 fuel-efficient Boeing 787 Dreamliners, offering Premium and Economy Class, and serving destinations across North America, Europe, Africa, and Asia.  The company’s first flight took off from Oslo to New York on 14 June 2022.  To date, Norse has carried approximately 5 million passengers and reported revenue of $680 million for the 12 months ending September 30, 2025.

Source: Norse Atlantic Airways / Cision