You are aware that Norway (and Iceland) are covered under the 2012 amendment to the Open Skies treaty correct? Norway and Iceland are also part of the EEA and Schengen agreement, so their inclusion into another EU associated treaty is not all that far fetched.
If you have not seen worse terms and conditions, you clearly have not been looking very hard. There are FAR, FAR worse terms and conditions available out there, even in Europe.