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BRIEF-Norwegian Enters Agreement To Purchase 10 Boeing 737-800 Aircraft
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BRIEF-Norwegian Enters Agreement To Purchase 10 Boeing 737-800 Aircraft
Mar 2, 2025 11:22 PM

March 3 (Reuters) - Norwegian Air Shuttle ASA ( NWARF ):

* AGREEMENT TO PURCHASE 10 BOEING ( BA ) 737-800 AIRCRAFT

* ON COMPLETION OF TRANSACTION, NORWEGIAN EXPECTS TO RECORD

A

NON-RECURRING GAIN OF APPROXIMATELY NOK 570 MILLION

* TRANSACTION IS EXPECTED TO GENERATE RECURRING COST SAVINGS

NET

OF FINANCING COSTS OF AN AVERAGE OF APPROXIMATELY NOK 200

MILLION PER YEAR

* TRANSACTION IS EXPECTED TO CLOSE IN Q1 OF 2025

* ACQUISITION WILL INITIALLY BE FUNDED THROUGH COMPANY'S

CASH ON

HAND

Source text:

Further company coverage:

(Gdansk Newsroom)

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