As part of the ongoing financing programme Norwegian’s subsidiary Arctic Aviation Assets has completed sale and leaseback of three Boeing 737-800 aircraft delivered in the fourth quarter 2016. This covers all the remaining deliveries by Boeing in 2016.
The three aircraft will be leased for a period of 10 years and will be operated by Norwegian. In 2016 Norwegian has financed four of a total seventeen new Boeing 737-800 aircraft using sale and leaseback.
Norwegian Air Shuttle ASA has also established a credit facility of up to NOK 1 billion with DNB. The credit facility strengthen Norwegian’s liquidity buffer, and is part of the Groups financing strategy to ensure solid and flexible funding.
About Arctic Aviation Assets
Arctic Aviation Assets Ltd. is a fully owned subsidiary of Norwegian Air Shuttle, based in Dublin, Ireland. AAA manages a portfolio of 116 aircraft for the Norwegian Group and has firm orders of 255 aircraft for delivery in 2015 to 2022 in addition to 152 purchase options.