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Norwegian has signed an agreement with both
Airbus and Boeing for delivery of a total of 222 new aircraft.
The order includes 122 aircraft from Boeing; 100
of the new Boeing 737 MAX8 and 22 Next-Generation 737-800.
Norwegian will be the European launch customer for Boeing’s new
aircraft. The Airbus order includes 100 Airbus A320neo.
The total agreement is the largest ever in
European aviation history and has a contract value at list prices
of NOK 127 billion. The order includes additional purchase right
of 150 aircraft from both manufacturers.
The agreement with Boeing includes firm orders
for a total of 122 aircraft; 100 Boeing 737 MAX8 and 22 Boeing
Next-Generation 737-800, in addition to purchase rights for an
additional 100 737 MAX8.
Norwegian has also signed an agreement
with Airbus which includes firm orders of a total of 100 Airbus
A320neo as well as purchase rights for an additional 50. This
marks Norwegian’s first aircraft purchase from Airbus.
The total
agreement is the largest ever in European aviation history and is
the largest single investment in Norway, even on level with the
largest investments in the Norwegian offshore industry. The firm
order has a contract value at list prices of approximately NOK 127
billion. The deliveries of the new aircraft types start in 2016.
“Today is a historic
day for Norwegian. The order is the largest ever in European
aviation history and marks a major milestone in the company’s 10
year history. We have secured our fleet renewal for years to come
and are very pleased with the agreements with both Airbus and
Boeing,” said CEO Bjørn Kjos at Norwegian. “Norwegian has
now reached a size where we will benefit from having two
suppliers, both in terms of ensuring adequate flight capacity,
flexibility and competition between two manufacturers.”
“International air traffic will keep on growing in the years
ahead and Norwegian is determined to be a strong, stable and
attractive player in the airline industry. We will continue to
provide our customers with quality at a low fare and live up to
our vision that everyone should afford to fly. The new aircraft
are win-win for our passengers, the environment and the company's
costs. As we intend to replace every aircraft after seven years of
operation, it is mandatory that we plan at least 10 to 20 years
ahead. We will sell or rent out our older aircraft in order to
keep a young fleet,” Kjos added. “Norwegian’s order of 42 new Boeing
737-800 aircraft in 2007 was by many viewed as a bold investment.
History has, however, shown that it was a necessary move to ensure
our competitiveness and reduce costs. This order has been extended
several times since 2007, proving that our need for aircraft has
been far greater than we anticipated five years ago.”
Following this transaction Norwegian has a total of
150 purchase rights and 277 aircraft for future delivery,
including 55 previously ordered Boeing 737-800. In addition
Norwegian has a firm order of 6 787-8 Dreamliners.
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