Financial news

Norwegian Air hoping to agree Boeing 737 MAX compensation this year

By  | 

Via Reuters Finance

FILE PHOTO: Dozens of grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. Picture taken July 1, 2019. REUTERS/Lindsey Wasson

OSLO (Reuters) – Norwegian Air (NWC.OL) hopes to agree compensation from Boeing (BA.N) by year-end over the grounding of the 737 MAX, the airline’s acting CEO said, as it counts the costs of having 18 of the aircraft grounded since March.

“The dialogue (with Boeing) has been ongoing since summer and we hope to come to an understanding before the end of the year,” acting Chief Executive Geir Karlsen said in a podcast made on Dec. 11 and released by brokerage DNB Markets on Dec. 18.

Norwegian has 92 737 MAX aircraft on order.

“It’s about compensation and also about a new schedule of plane deliveries, as Boeing obviously can’t deliver in line with the contract … it’s a huge challenge for Boeing, and at the same time we also want the best possible outcome for ourselves,” Karlsen said.

Reporting by Terje Solsvik, editing by Gwladys Fouche and Jason Neely


Print Friendly, PDF & Email

Hold dit netværk orienteret

READ ALSO  Travelex staff put away pens and paper as UK systems come back online