An announcement from Norwegian Air Shuttle ASA ( (GB:0FGH) ) is now available.
Norwegian Air Shuttle ASA has announced an agreement to purchase 10 Boeing 737-800 aircraft, currently leased to the airline, to secure its future fleet and enhance financial flexibility. This strategic move, expected to close in the first quarter of 2025, aims to reduce ownership costs and generate significant cost savings, while also allowing Norwegian to achieve a non-recurring gain of approximately NOK 570 million and recurring savings of NOK 200 million annually, thereby strengthening its operational and strategic growth.
More about Norwegian Air Shuttle ASA
Norwegian Air Shuttle ASA is a prominent airline company operating in the aviation industry. It primarily offers passenger air transport services and focuses on expanding its route network to cater to a growing market demand.
YTD Price Performance: 4.72%
Average Trading Volume: 221,385
Technical Sentiment Consensus Rating: Buy
Current Market Cap: NOK11.04B
Learn more about 0FGH stock on TipRanks’ Stock Analysis page.