Norwegian Air Shuttle to purchase 10 Boeing 737-800 aircraft

Published 03/03/2025, 10:40
© Reuters

Investing.com -- Norwegian Air Shuttle has reached an agreement to purchase 10 Boeing (NYSE:BA) 737-800 aircraft that it currently leases.

The completion of this deal is expected to result in a one-time profit of approximately NOK570m for the airline. This profit is due to the pricing achieved for the aircraft and the subsequent reduction of existing lease liabilities.

The transaction is also projected to generate recurring cost savings, net of financing costs, averaging around NOK200m per year. The deal is anticipated to close during the first quarter and will initially be financed through cash on hand.

Norwegian is in the process of securing long-term financing through a combination of financial arrangements.

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