Norway airline plans to sell more aircraft to reduce debt commitments
Oslo — Norwegian Air expects to announce more sales of aircraft by the end of 2018, including used Boeing 737s as well as some of the new Airbus aircraft that it has ordered, to reduce debt commitments. Norwegian Air has committed to buying 210 new aircraft from Boeing and Airbus by 2020. "We have 90 neos (60 A320neos and 30 321LRs) from Airbus on order. The Airbus 320neos are for all practical purposes for sale. We have started a process where we will try to find a new home for those aircraft," CFO Geir Karlsen said on Tuesday. "The problem is not to sell them … but to get the price we want…. Hopefully by the end of the year we should be able to disclose news on a transaction," Karlsen said. Move to Argentina By the end of the year, Karlsen estimated Norwegian Air’s fleet of more than 150 aircraft to rise to 164-165. Allowing for planned aircraft sales, he said he expected a net increase in the fleet of 30-40 new Boeing 737 Max aircraft by 2022-2023. Of its Airbus aircraft on order...
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