Norse Atlantic Airways (N0, Oslo Gardermoen) has appointed JP Morgan Chase Bank to prepare for the sale of the company in the upcoming months. According to anonymous sources, the airline expects a valuation of around USD1.2 billion, including its debt. Norse hopes to begin the sale process before the peak summer season, and has already approached some European and US airlines. The airline recently accelerated its restructuring, hoping to generate USD50 million in savings, and said it would "initiate a strategic review" of a potential sale.