Norwegian (Oslo Gardermoen) says its Arctic Aviation Assets subsidiary has reached an agreement with Airbus (AIB, Toulouse Blagnac) for the rescheduling of part of its order book, including an unspecified number of A320neo and A321neo aircraft.
The postponement is expected to reduce the Nordic LCC's capital expenditure commitments for 2019 and 2020 by around USD570 million in total.
The Nordic LCC had announced in February that AAA had also deferred four A321neo(LR) from 2019 to 2020. It has also reached an agreement with Boeing (BOE, Washington National) for the deferral of twelve B737-8s from 2020 to 2023 and 2024.
Norwegian is in the process of reducing its capital expenditure requirements as part of its #Focus2019 cost-cutting plan.
"The postponements are in line with the Company’s strategy of capitalizing on the scale built up over the last few years and the changed focus from growth to profitability," it said.
