According to the deal, the 50 aircraft are due to be delivered between 2025 and 2028, at a schedule closely corresponding to current aircraft lease expirations. This is to ensure the airline can have limited growth in terms of aircraft numbers.
The purchase agreement still has;t been finalised yet and there could be some changes along the way, before the deal is fully finalised which is not expected much before the end of June. The true financing of the deal has yet to be agreed and the firm is working on sale and leaseback deals as well as loans and other arrangements, which may prove to be difficult under present circumstances.
Svein Harald รygard, Chair of the Board of Norwegian said: “This is a landmark deal that sets out a path whereby Norwegian will own a large share of its fleet. This will result in lower all-in costs and increased financial robustness, enabling us to further solidify our Nordic stronghold. The deal also allows us to serve our customers with state-of-the-art aircraft that can run increasingly on sustainable aviation fuel,”
Geir Karlsen, CEO of Norwegian, commented: “The overall terms achieved are attractive for Norwegian, and the deal fits well with our long-term fleet strategy and route program. It will enable us to serve our customers with modern fuel-efficient aircraft with the latest technology, significantly reducing our carbon footprint. The deal will also strengthen the company’s equity considerably, further solidifying Norwegian’s financial position,”
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