Norwegian to buy 10 leased Boeing aircraft

COPENHAGEN (Reuters) -Budget bearer Norwegian has agreed to bargain 10 Boeing 737-800 craft that are presently portion of its leased fleet, the hose said connected Monday.

The transaction is expected to adjacent during the archetypal 4th and volition initially beryllium funded done the company's currency reserves, though the hose is looking astatine securing semipermanent financing aft completion, Norwegian's connection said.

"This determination is expected to present some abbreviated and semipermanent outgo savings, arsenic good arsenic supply further flexibility for aboriginal fleet planning," said Chief Executive Geir Karlsen.

Norwegian declined to disclose the terms oregon seller, nor would it corroborate whether the woody had been made with 1 oregon respective leasing companies.

The hose said it expects to publication a non-recurring summation of astir 570 cardinal Norwegian crowns ($50.7 million) arsenic a effect of the deal.

"This summation reflects the pricing the institution has been capable to execute for the craft and the corresponding simplification of existing lease liabilities," Norwegian said.

The woody is besides expected to output recurring outgo savings of astir 200 cardinal crowns a year, nett of financing costs, it added.

($1 = 11.2452 Norwegian crowns)

(Reporting by Stine JacobsenEditing by David Goodman)