Norwegian Air has agreed to buy 50 Boeing 737 MAX 8 aircraft and secured options for a further 30 of the planes at an undisclosed price, ending a contract dispute between the two firms, the budget carrier said on Monday.
The conflict with Boeing was the sole issue that had not been resolved during last year's restructuring of the airline, Norwegian Air Chief Executive Geir Karlsen told Reuters.The financial gain will be booked as soon as a deal is signed, expected by the end of June, boosting the airline's equity.
"This is a landmark deal that sets out a path whereby Norwegian will own a large share of its fleet," board Chair Svein Harald Oeygard said.
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