Norwegian Air Shuttle ASA – Postponement of delivery of 16 aircr


...og der reduseres vel emisjonsbehovet seg en god del? :)

Arctic Aviation Assets, a subsidiary of Norwegian Air Shuttle ASA ("the Company"), has signed an agreement with Boeing Commercial Airplanes for postponement of 12 Boeing 737 MAX aircraft from 2020 to 2023 and 2024. The postponement is expected to reduce the Company’s capital expenditure commitments related to pre-delivery payments in 2019. Additionally, capital expenditures for 2020 will be significantly reduced.

Arctic Aviation Assets has further signed an agreement with Airbus S.A.S. for postponement of four Airbus 321LR aircraft from 2019 to 2020. The postponement is expected to reduce the Company’s capital expenditure commitments in 2019.

The postponements are in line with the Company’s strategy of capitalizing on the scale built up over the last few years and the changed focus from growth to profitability. This announcement is an extension of the information provided in the stock exchange announcement “Norwegian strengthens its balance sheet through a fully underwritten rights issue of NOK 3 billion” on 29 January, where postponement of aircraft deliveries was highlighted as a measure to reduce capital expenditures, in addition to aircraft divestment.