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Norwegian Air has cancelled all remaining 88 jets in Airbus order: spokesman

Stock MarketsFeb 26, 2021 09:50AM ET
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© Reuters. Airbus logo at the entrance of the Airbus facility in Bouguenais

OSLO (Reuters) - Norwegian Air has cancelled all the 88 narrow-body jets that remained on order from Airbus, a Norwegian Air spokesman said on Friday.

The airline took an impairment charge of 4.8 billion crowns ($93.51 million) in the fourth quarter relating to the termination of aircraft purchase contracts with Airbus and Boeing (NYSE:BA).

($1 = 8.5554 Norwegian crowns)

Norwegian Air has cancelled all remaining 88 jets in Airbus order: spokesman
 

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Alan Rice
Alan Rice Feb 26, 2021 11:21AM ET
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Norse: Still Sharp.
Steve Siew
Steve Siew Feb 26, 2021 10:13AM ET
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Deflation
 
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