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Struggling Norwegian Air Shuttle Cancels Deal for Remaining Boeing Jets
Category: Airline / Travel
Struggling Norwegian Air Shuttle ASA said it has notified Boeing Co. that it will cancel a deal to buy nearly 100 remaining planes, and is suing over losses related to the grounding of the 737-Max and 787 engine issues.
In a statement on the company’s website late Monday, Norwegian Air said there were five Boeing 787 aircraft and 92 Boeing 737 MAX aircraft in the deal, alongside the GoldCare service agreements linked to the 787 and MAX aircraft. It’s seeking pre-delivery payments and compensation for the Company’s losses related to the grounding of the 737-Max and engine issues on the 787.
Boeing’s 737 MAX aircraft have been grounded globally since 12 March 2019. “This has also disrupted NAS’ operations and caused significant losses. In addition Norwegian’s Rolls-Royce Trent 1000-powered 787 aircraft have suffered from long-running reliability issues that have affected reliability and resulted in premature and unplanned maintenance, which has disrupted the Company’s operations and caused further significant losses,” said the company.
Source: MarketWatch
Published: April 25, 2024