Oslo - In order to reduce its debt, Norwegian has begun negotiations to sell 90 Airbus A320neo aircraft in its order book waiting to be delivered.
Norwegian low-cost carrier wants to sell 90 Airbus A320neo from a previous order that are expected by 2020. The airline has committed to buying 210 aircraft from Boeing and Airbus by 2020. But the debts push the company to get rid of almost half of these aircraft in the order book.
We have 90 A320neos (60 A320neo and 30 321LR) 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,said Chief Financial Officer Geir Karlsen.
By the end of the year, Karlsen predicts Norwegian's fleet will reach to 164-165 planes, taking into account the aircraft to be sold. He expects a net increase of 30-40 new aircraft (all Boeing 737 MAX) by 2022-2023.
The 30 Airbus 321LR that are ordered at the same time as 60 A320neos will be retained depending on traffic development in Argentina.
Norwegian started to sell tickets in Argentina for two routes linking Buenos Aires to Cordoba and Mendoza. The first flight will be carried out in mid-October, and the plan is to reach four aircraft in the South American country by the end of the year.