Norwegian secures financing of ten aircrafts

Norwegian airlineNorwegian airline.Photo Norway Today Media.

Norwegian Airline has secured the financing of ten new aircraft through a wholly owned subsidiary.

The financing facility which will be used to pay for ten new aircrafts, is valued at $ 349 million, according to an announcement.
The financing is structured as a so-called EETC Agreement (Enhanced Equipment Trust Certificate). This type of aircraft financing has been used in the US for 25 years, but it is the first time Norwegian has used  this type of financing structure.
In a press release on Monday morning  Norwegian writes that their commercial fleet renewal continues with great force in 2016 with the delivery of a total of 21 factory-new aircraft.
One SHOWROOM Boeing 737-800 and one Boeing factory-787-9 Dreamliner was delivered directly from the factory in Seattle in April.

Source: NTB scanpix / Norway Today