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.
SWISS has taken delivery of its first Airbus A320neo featuring the new Airspace cabin configuration. SWISS is adopting the innovative ‘Airspace’ cabin concept for its aircraft of the...
Wingcopter and Spright announced a new commercial agreement worth more than US$ 16 million. As part of the deal Spright is acquiring a large fleet of Wingcopter’s new flagship delivery dron...
Bye Aerospace announced that production backlog has increased to 135 purchase deposit and option total agreements for the all-electric twin-motor eFlyer 800 targeted for the regional airline mark...
After more than three years of development and successful ground tests of its technological demonstrator, ZURI presents a new model of its hybrid VTOL aircraft in the passenger version with internal d...
