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MIAMI – Norwegian low-cost airline Norwegian Air (DY) is arguing in the Irish High Court to repudiate contracts for the supply of new jets. As the carrier has assets registered in both states, the Norwegian airline has obtained protection to avoid bankruptcy in both Norway and Ireland.
Now, in order to emerge from the crisis imposed by the global pandemic, the company aims to emerge with fewer planes and less debt.
Norwegian Boeing 737 MAX8
Photo: Alberto Cucini/Airways
Airbus, Boeing Multi-year Deals
With a multi-year deal signed in 2012 that has been overhauled several times, Airbus was to deliver 100 aircraft to DY, but the carrier still has 88 A320neo-family narrow-body jets on order, according to the financial documents of the aircraft manufacturer.
Norwegian Air and jet maker Airbus have agreed on terms to repudiate the carrier s contract for new aircraft, lawyers representing the two firms told Ireland s High Court on Wednesday.. | March 1, 2021
Norwegian Air and jet maker Airbus have agreed on terms to repudiate the carrier's contract for new aircraft, lawyers representing the two firms told the High Court in Dublin today.