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Norwegian Air Announces Lease Agreement for Two Boeing 737-8 MAX Airplanes

Norwegian Air has acquired two Boeing 737-8 MAX aircraft on a long-term nine year lease from an undisclosed lessor. The agreement includes a provision that allows the airline to replace the MAX 8s with Airbus A320neo Family aircraft.


Norwegian Boeing 737-8 MAX Rendering - Courtesy Norwegian Air Shuttle/Mynewsdesk

On Wednesday (December 1, 2021), Norwegian Air announced the acquisition of two Boeing 737-8 MAX aircraft on a nine year long-term lease from an undisclosed lessor. The agreement includes ‘power-by-the-hour’ for IATA’s winter 2021/22 and 2022/23 seasons which means that the airline will only pay for the aircraft when they are in use, giving the company excellent flexibility to handle capacity even during the low season. Additionally, the agreement includes a provision that allows Norwegian to replace the MAX 8s with modern short-haul Airbus A320neo Family aircraft. Norwegian will receive the aircraft shortly, which will facilitate the implementation of their summer 2022 flying program with approximately 270 European routes.


In Wednesday’s announcement, Norwegian’s CEO, Geir Karlsen, said,


“The agreement is important in the work we do to build a modern and efficient aircraft fleet for the future. The flexibility provided by the "power-by-the-hour" agreements makes it easier for us to adjust for seasonal variation and demand.”


Norwegian Air Shuttle was founded in 1993 and offers smart and pleasant travel experiences at low prices. The airline has been voted ‘Europe’s Best Low-Cost Airline’ by Skytrax for the last six years. Norwegian’s loyalty program, Norwegian Rewards, has also been voted ‘The Airline Industry’s Best Loyalty Program in Europe/Africa’ at the Freddie Awards four years in a row. In 2019, Norwegian became the first airline to sign the UN Climate Action Programme, committing to becoming climate neutral by 2050. The carrier currently offers affordable flights on a short-haul network of destinations in the Nordic countries and to key European destinations.



Source: Norwegian Air Shuttle/Mynewsdesk

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