Norwegian outlines expected cost of Max grounding
Norwegian expects to incur costs of NKR300-500m (US$35-58m) over the coming 6 months as a consequence of the grounding of its Boeing 737 Max jets. Briefing investors Thursday, the carrier's CFO Geir Karlsen said the estimate was based on an assumption that the Max jets would not be back in service before August. Karlsen declined to give a breakdown of the costs, for what he describes as "obvious reasons". He says the carrier is in discussions with Boeing over the financial impact of the grounding. CE Bjorn Kjos says Norwegian expects to operate its schedule as planned this summer. He says the carrier is experiencing less disruption from the Max grounding than it did when a number of its 787s were taken out of service last year amid issues with their Rolls-Royce Trent 1000 engines. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-04-26/unaligned/norwegian-outlines-expected-cost-of-max-grounding
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Norwegian outlines expected cost of Max grounding
Norwegian expects to incur costs of NKR300-500m (US$35-58m) over the coming 6 months as a consequence of the grounding of its Boeing 737 Max jets. Briefing investors Thursday, the carrier's CFO Geir Karlsen said the estimate was based on an assumption that the Max jets would not be back in service before August. Karlsen declined to give a breakdown of the costs, for what he describes as "obvious reasons". He says the carrier is in discussions with Boeing over the financial impact of the grounding. CE Bjorn Kjos says Norwegian expects to operate its schedule as planned this summer. He says the carrier is experiencing less disruption from the Max grounding than it did when a number of its 787s were taken out of service last year amid issues with their Rolls-Royce Trent 1000 engines. <br/>
