The final contract is scheduled to be signed by the end of June, as Norwegian announced on Monday. The agreement in principle also includes an option to purchase an additional 30 aircraft.
The 50 planes are scheduled for delivery between 2025 and 2028. Existing lease agreements with Norwegian will expire during the period, meaning that the airline’s aircraft fleet will increase to a limited extent.
The agreement with Boeing is a milestone that opens up the opportunity for Norwegian to own a large part of its fleet, said Chairman of the Board Svein Harald Øygard.
Norwegian had long fought against the acute threat of insolvency due to high debts and other problems in the wake of the Corona crisis. After a restructuring, the airline is now concentrating on routes within Europe and primarily in Scandinavia.