Norwegian willing to sell its 90 Airbus A320neo to help reduce debt

A Norwegian Boeing 737-800 landing at Barcelona Airport. Photo: © Eric Salard

Norwegian Air expects to announce further aircraft sales by the end of the year including used Boeing 737s as well as some of the new Airbus planes it has on order to reduce it debt commitments.

Norwegian Air has committed to acquire 210 new aircraft from Boeing and Airbus by 2020.

“We have 90 neos (A320neo) from Airbus on order. The Airbus 320neos are for all practical purposes for sale. We have started a process where we will try to find a new home for those aircraft,” Chief Financial Officer Geir Karlsen told an investor presentation on Tuesday.

By the end of the year, Karlsen estimated Norwegian Air’s fleet of more than 150 planes to rise to 164-165. Taken into account planned aircraft sales, he said he expected a net increase in the fleet of 30-40 new Boeing 737 MAX aircraft by 2022-2023.

Of its Airbus aircraft on order, 33 of them are Airbus 321LR(long range) neos, which could be kept, depending on traffic development in Argentina.

Last week Norwegian Air announced the sale of six used aircraft and said as many as 140 planes could be sold over time as a part of the renewal of its fleet and to help reduce debt.

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