Low-cost carrier Norwegian Air buys 50 Boeing 737 aircraft

Budget carrier Norwegian Air Shuttle on Monday said it had reached an agreement with Boeing to buy 50 737 MAX 8 aircraft, saying the planes are due to be delivered between 2025 and 2028, at a schedule closely corresponding to current aircraft lease expirations.

The company said it intends to finance the outstanding balance of pre-delivery payments through positive cash flow from operating activities, and that a significant share of the aircraft will be owned by Norwegian, ensuring an optimized and balanced aircraft financing structure.

Board chairman Svein Harald ygard called it a landmark deal.