Norwegian Air announced that it has reached an initial agreement with Boeing to acquire 50 737 MAX 8s, in addition to 30 purchase options.
The new aircraft are expected to be delivered between 2025 and 2028, in line with the end of the lease on aircraft currently in service.
The closing of the deal is expected to take place in June, once certain conditions are met – Boeing had not mentioned the order until the publication of this article.
According to Svein Harald Øygard, Norwegian’s chairman of the board, the company’s strategy is to reduce the cost of owning most of its fleet.
“This is a landmark deal that sets out a path whereby Norwegian will own a large share of its fleet. This will result in lower all-in costs and increased financial robustness, enabling us to further solidify our Nordic stronghold. The deal also allows us to serve our customers with state-of-the-art aircraft that can increasingly run on sustainable aviation fuel,” said the executive.
Norwegian Air currently has an exclusive fleet of 737 jets, after returning the 787 Dreamliner widebodies. Three of its planes are the MAX model of which it had 15 aircraft in the past.