Norse Atlantic leases jets to PIA
Norse Atlantic Airways will lease two Boeing Dreamliners to Pakistan International Airlines. The deal helps the Norwegian carrier secure a key ACMI contract to offset rising costs and fluctuating passenger demand.
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Norse Atlantic Airways will lease two BOEING CO 787-9 Dreamliners to Pakistan International Airlines, bolstering revenue as the Norway carrier expands its wet-lease operations. The agreement secures a critical ACMI contract following the cancellation of a prior arrangement with India's largest carrier, INTERGLOBE AVIATION LTD, in July. Long-term ACMI agreements shield the airline from volatile fuel prices and demand swings, supporting its strategic pivot away from low-cost transatlantic routes.
