Norwegian to lease two Boeing 737 MAX 8 aircraft

Norwegian continues to selectively grow its aircraft fleet, and the company is pleased to announce that it has entered into agreement to lease two Boeing 737 MAX 8 aircraft.

Delivery will begin shortly to enable Norwegian to fulfill the announced Summer 2022 flying program with approximately 270 routes.

The lease term for each aircraft is for nine years. The agreement includes ‘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.

Finally, Norwegian has the option, under the agreement, to substitute the subject 737 MAX 8 aircraft for new technology narrow-body aircraft from Airbus. The lessor is well reputed and has a longstanding relationship with Norwegian.