A Norwegian Air subsidiary has agreed with Airbus to postpone plane deliveries s...
FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau/File Photo
OSLO - A Norwegian Air subsidiary has agreed with Airbus to postpone plane deliveries scheduled for this year and next, cutting capital spending by $570 million, the loss-making budget carrier said on Wednesday. The postponement covers an order for A320neos and A321LRs from Dublin-based aircraft lease company Arctic Aviation Assets DAC and comes on top of orders delays outlined in February as part of a strategic shift from growth to profitability, it said.Before announcing the postponements, it was expecting to have 12 Airbus A321LR planes by end-2020 and 22 by end-2021, according to a Jan 8 presentation by the company.
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