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Norwegian Signs Lease Agreements With AerCap for 10 Boeing 737 MAX 8s and Eight 737-800 NGs

Norwegian Air Shuttle has today signed lease agreements with AerCap for ten new Boeing 737-8 MAX aircraft and eight Boeing 737-800 NGs. The aircraft are scheduled to be delivered in 2022 and 2023.

Norwegian Boeing 737-8 MAX 'Florence Nightingale' - Courtesy Norwegian Air Shuttle/Mynewsdesk

On Monday (February 28, 2022), Norwegian Air Shuttle announced the signing of lease agreements with AerCap Holdings N.V. for ten new Boeing 737-8 MAX aircraft and eight Boeing 737-800 NGs. The 737 NGs will be delivered this year, expanding Norwegian’s summer 2022 fleet to 70 aircraft, while the 10 new MAX aircraft will be delivered for summer 2023, expanding the carrier’s fleet to 80 aircraft by next summer.

In today’s announcment, Norwegian’s Chief Executive Officer, Geir Karlsen, said,

“These aircraft will help us achieve the goal of building a larger, modern and more fuel-efficient fleet. The fleet expansion is important when we deliver our products and services in an extensive route network in the Nordic region and to European destinations.”

Also commenting on the new lease agreements, AerCap’s Chief Commercial Officer, Peter Anderson, said,

“We are delighted to support Norwegian’s narrowbody fleet renewal program. The addition of these aircraft will help Norwegian grow their operations whilst maintaining its commitment to operate a highly competitive, fuel-efficient fleet of aircraft. We wish Geir Karlsen and all the team every success and we look forward to working with them as these aircraft deliver.”

AerCap Holdings N.V. (NYSE: AER) is the global leader in aircraft leasing and maintains one of the most attractive order books in the industry. The company serves around 200 customers in 80 countries with comprehensive fleet solutions. AerCap is headquartered in Dublin and maintains offices in Shannon, Los Angeles, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle and Toulouse.

Norwegian has a long-term partnership with AerCap, one of the world’s leading aircraft lessors. The Boeing 737-8 MAX delivers a 14 percent lower fuel consumption compared to previous generation aircraft and will help Norwegian reach their goal of achieving a 45 percent reduction in fuel emissions of 45 percent by 2045 compared to 2010 levels. Combined with previously announced leasing agreements, the carrier will increase their current fleet of 51 aircraft to 70 for summer 2022. Under these agreements, the carrier maintains the option of replacing some Boeing aircraft with similar short-haul aircraft from Airbus.

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(s): Norwegian Air Shuttle/Mynewsdesk, AerCap Holdings N.V


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