Norse Atlantic ASA accelerates the Project Falcon program to bring 50M USD i

Norse Atlantic ASA ("Norse Atlantic" or the "Company") accelerates the implementation of the Company's cost reduction program, Project Falcon, to improve efficiency, simplify operations and reduce costs. Falcon is expected to deliver annualized cost savings of upwards to USD 50 million compared to the 2025 baseline, in line with the upper end of the previously communicated range. Significant reductions are expected to be realized in 2026 and the program is critical to position the Company for future profitable operations.