Norwegian Air to Lease 2 Boeing 737 MAX 8 Aircraft

• (PLX AI) - Norwegian Air Shuttle ASA (NAS) - enters into agreement to lease two Boeing 737 MAX 8 aircraft for its summer 2022 flying program.
• • The lease term for each aircraft is for nine years
• • The agreement include 'power-by-the-hour' (PBH) arrangements for both the IATA Winter Seasons 2021/22 and 2022/23, giving Norwegian necessary flexibility to manage capacity through the low season
• • Norwegian has the option, under the agreement, to substitute the subject 737 MAX 8 aircraft for new technology narrow-body aircraft from Airbus