50 SKY SHADES - World aviation news

Norwegian finalize Pre-Delivery Payment Financing for fifty Airbus 320 NEO

Download: Printable PDF Date: 30 Jan 2016 05:59 (UTC) category:
Publisher:
Norwegian finalize Pre-Delivery Payment Financing for fifty Airbus 320 NEO - Finance publisher
Dana Ermolenko
Country: Norway Aircraft: Airplanes Airline: Norwegian Shuttle

Arctic Aviation Assets Ltd (AAA), a wholly owned subsidiary of Norwegian Air Shuttle ASA(Norwegian), has arranged for pre-delivery payment financing (PDP) of fifty Airbus 320 Neo aircraft scheduled for delivery in 2016 to 2019. The facility that covers PDP financing for deliveries until the end of 2019 is structured as a revolving credit facility.

‘These deliveries in the next 4 years are key to the Norwegian Group’s future growth plans, and thePDP financing facility is a milestone in Norwegian’s ongoing program for financing direct-buy aircraft. We are very satisfied with the long-term commitment and confidence from our financing partners’ said Frode Foss, CFO of Norwegian.



Loading comments for Norwegian finalize Pre-Delivery Payment Financing for fifty Airbus 320 NEO...


Recommended

Embraer partners with VOAR to strengthen support for executive aviation

During LABACE 2022 Embraer announced a partnership with VOAR Aviation with the objective to offer unscheduled services to Embraer executive aviation customers at the Congonhas Airport in Sã...

Horizon Aircraft & Astro Aerospace - binding agreement for reprivatization

Horizon Aircraft Inc. has entered into a binding agreement with its parent company, Astro Aerospace Ltd and several of Astro’s key shareholders whereby Astro has agreed to sell 100% of...

Hans Airways first Airbus A330 arrives into UK, being readied for proving flight from Birmingham

UK new long-haul airline readying to fly to India, Hans Airways, celebrated the arrival of its first Airbus A330-200 on UK soil. The aircraft touched down from Palma Airport, Mallorca t...

Wisk Aero continues global expansion launching Montreal Hub

Wisk Aero is continuing its global expansion with the launch of a new engineering hub in Montreal, Canada. The hub will be dedicated to the ongoing development of its 6th generation aircraft (to...

The drones news