Norwegian Air reschedules aircraft delivery
Norwegian Air has agreed with Airbus and Boeing to reschedule delivery of aircraft to cut capital spending, the loss-making carrier said Wednesday. The airline has shaken up the long-haul market by offering cut-price transatlantic fares, but its rapid expansion has left it with hefty losses and high debts. In total, the announced restructurings and postponements of Boeing and Airbus aircraft delivery will reduce capital expenditure for 2019 and 2020 by US$2.1b, the company said. Norwegian said it would provide updated total capex guidance Thursday, when it reports Q1 results. The company said its Dublin-based subsidiary Arctic Aviation Assets DAC had reached an agreement with Boeing to postpone delivery of 14 737 MAX aircraft which were originally due in 2020 and 2021. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-04-25/unaligned/norwegian-air-reschedules-aircraft-delivery
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Norwegian Air reschedules aircraft delivery
Norwegian Air has agreed with Airbus and Boeing to reschedule delivery of aircraft to cut capital spending, the loss-making carrier said Wednesday. The airline has shaken up the long-haul market by offering cut-price transatlantic fares, but its rapid expansion has left it with hefty losses and high debts. In total, the announced restructurings and postponements of Boeing and Airbus aircraft delivery will reduce capital expenditure for 2019 and 2020 by US$2.1b, the company said. Norwegian said it would provide updated total capex guidance Thursday, when it reports Q1 results. The company said its Dublin-based subsidiary Arctic Aviation Assets DAC had reached an agreement with Boeing to postpone delivery of 14 737 MAX aircraft which were originally due in 2020 and 2021. <br/>
