Norwegian sells batch of 737-800s to HK-based recycler
Norwegian is selling 5 Boeing 737-800s to a Hong Kong-based recycling and asset-management entity, and will transfer the jets from the end of this year. Norwegian is disposing of the aircraft through its Arctic Aviation Assets subsidiary and expects to increase liquidity by US$50m as a result, following repayment of debt. "The sale is in line with the company’s continued strategy of capitalising on the scale built up over the last few years and the changed focus from growth to profitability," states the carrier. Norwegian operates all the aircraft involved. They will be delivered to the new owner from late in Q4 of this year and during Q1 of 2020. Aircraft Recycling International is held by China Aircraft Leasing Group Holdings. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-10-21/unaligned/norwegian-sells-batch-of-737-800s-to-hk-based-recycler
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Norwegian sells batch of 737-800s to HK-based recycler
Norwegian is selling 5 Boeing 737-800s to a Hong Kong-based recycling and asset-management entity, and will transfer the jets from the end of this year. Norwegian is disposing of the aircraft through its Arctic Aviation Assets subsidiary and expects to increase liquidity by US$50m as a result, following repayment of debt. "The sale is in line with the company’s continued strategy of capitalising on the scale built up over the last few years and the changed focus from growth to profitability," states the carrier. Norwegian operates all the aircraft involved. They will be delivered to the new owner from late in Q4 of this year and during Q1 of 2020. Aircraft Recycling International is held by China Aircraft Leasing Group Holdings. <br/>
