It seems Norweigan Air Shuttle is bullish for the summer period, with the airline planning to lease an additional six Boeing 737 MAX 8 aircraft.
The airline has signed a Letter of Intent (LOI) with Air Lease Corporation (ALC) to lease six Boeing 737 MAX 8 aircraft. These are in addition to the three 737 MAX 8 aircraft which Norwegian previously agreed to lease from ALC
One of these aircraft has already been delivered to Norwegian.
According to the airline, these aircraft are to be delivered in a short time to Norwegian, ahead of the summer 2023 season to allow for integration with the rest of the fleet.
Geir Karlsen, CEO of Norwegian said
“The addition of these modern and fuel-efficient aircraft fits well with our fleet strategy. It will also help counteract delays from Boeing for other aircraft that were due to be delivered to Norwegian this spring,” .
That’s a rather quick placement of aircraft…
It seems remarkable timing that Norwegian Air Shuttle can get its hands on six Boeing 737-8 aircraft in double-quick time. However, we just need to take one step back to last week when Flyr filed for bankruptcy, which had six Boeing 737-800 and six Boeing 737-8 aircraft in their fleet.
And whom did Flyr lease their aircraft from? That’s right – ALC.
It would be more than logical to suggest that the aircraft, which have moved to Ireland for storage, could easily be re-leased out to a willing customer.
For ALC, it would be a welcome quick placement of the type, with a minimum time on the ground, when it can be earning revenue again. For Norwegian, the right aircraft appears at the right time, whilst it waits its turn in the Boeing backlog.
Whilst the final agreement is subject to certain closing conditions, it should be profitable for all sides.
All Norweigan will need to do, is fill those aircraft with high-value passengers.
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