Norwegian agrees to sell 5 Airbus A320neos
Norwegian Air Shuttle has agreed to sell 5 Airbus A320neos in a transaction expected to raise US$62m in liquidity. The LCC said the aircraft, which belong to its Arctic Aviation Assets subsidiary, are leased out and not operated by its own airlines. “Delivery will take place during Q4 of 2018,” the company said Nov 2. “Sale proceeds will be used to repay debt and to increase the company´s liquidity.” Norwegian operates more than 150 aircraft, with an average age of 3.6 years. Earlier this year, Norwegian announced plans to sell most of the A320neos it has on order, a strategy that was reaffirmed Sept 4 in an investor presentation. The large-scale asset disposal will cover up to 140 aircraft. The airline has reported a poor financial performance for some time as it continues with rapid expansion, particularly on long-haul routes. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-11-05/unaligned/norwegian-agrees-to-sell-5-airbus-a320neos
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Norwegian agrees to sell 5 Airbus A320neos
Norwegian Air Shuttle has agreed to sell 5 Airbus A320neos in a transaction expected to raise US$62m in liquidity. The LCC said the aircraft, which belong to its Arctic Aviation Assets subsidiary, are leased out and not operated by its own airlines. “Delivery will take place during Q4 of 2018,” the company said Nov 2. “Sale proceeds will be used to repay debt and to increase the company´s liquidity.” Norwegian operates more than 150 aircraft, with an average age of 3.6 years. Earlier this year, Norwegian announced plans to sell most of the A320neos it has on order, a strategy that was reaffirmed Sept 4 in an investor presentation. The large-scale asset disposal will cover up to 140 aircraft. The airline has reported a poor financial performance for some time as it continues with rapid expansion, particularly on long-haul routes. <br/>
