Norwegian Acquires Ten Boeing 737-800 Aircraft to Strengthen Its Fleet
The transaction aligns with the company’s long-term strategy.
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Norwegian has announced the purchase of ten Boeing 737-800 aircraft that are currently part of its leased fleet. The transaction, expected to close in the first quarter of 2025, was secured under favorable conditions and represents a key step in ensuring the airline’s future fleet stability.
Key Aspects of the Transaction
- Enhanced Financial Flexibility: The deal aligns with Norwegian’s long-term strategy and will reduce the overall cost of aircraft ownership.
- Cost Savings: The acquisition is expected to generate both short- and long-term savings, providing greater flexibility for future fleet planning.
- Financing: The transaction will initially be funded through the company’s available cash. Norwegian is in the process of securing long-term financing following the completion of the purchase.
- One-Time Profit: Upon finalization, Norwegian anticipates recording a one-time profit of approximately 570 million Norwegian kroner, reflecting the favorable purchase price and reduced lease liabilities.
- Recurring Savings: The deal is projected to result in net recurring cost savings of approximately 200 million Norwegian kroner per year, primarily due to lower financing costs.
Norwegian CEO Geir Karlsen emphasized that the terms of the transaction “are attractive and align well with the company’s long-term fleet and ownership strategy. The acquired aircraft are an integral part of our existing fleet and will continue operating within Norwegian’s expanding route network.”
Conclusion
This acquisition not only strengthens Norwegian’s financial position but also optimizes its fleet and reduces operational costs, supporting the airline’s long-term sustainable growth strategy.
Source: Aviador
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