This deal will help ASA to lower all-in costs, increase financial robustness and solidify the Nordic stronghold.
Norwegian Air Shuttle ASA has signed a firm order of 50 Boeing 737-8 aircraft. The agreement also includes options for an additional 30 aircraft. The 50 aircraft are due to be delivered between 2025 and 2028, at a schedule closely corresponding to current aircraft lease expirations.
Svein Harald Øygard, 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 said, “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.”
The purchase agreement demonstrates Norwegian’s continuously strong commitment to operating a modern and fuel-efficient fleet. The Boeing 737 MAX 8 is approximately 14 percent more fuel-efficient compared to the previous-generation aircraft, putting the company on a strong footing to achieve its target of reducing emissions by 45 percent by 2030.
