Norwegian Air Shuttle ASA (NAS) - Agreement to purchase 3 Boeing 737-800 aircraft

08 Jul 2025 08:00 CEST

Norwegian Air Shuttle ASA (“Norwegian”) can today announce that it has entered
into an agreement to purchase 3 Boeing 737-800 aircraft that are currently on
lease to the airline.

This transaction represents another key step in securing the company’s future
fleet, enhancing financial flexibility, and increasing asset ownership to
support long-term operational and strategic growth, in addition to reduced
overall ownership cost.

The transaction is expected to close in the third quarter of 2025, subject to
customary closing conditions. The acquisition will initially be funded through
the Company’s cash on hand, with Norwegian being in the process of securing
long-term financing after completion.

On completion of the transaction, Norwegian expects to record a non-recurring
gain of approximately NOK 260 million. This gain reflects the pricing the
company has been able to achieve for the aircraft and the corresponding
reduction of existing lease liabilities. Additionally, the transaction is
expected to generate recurring cost savings net of financing costs of
approximately NOK 25 million per year.

This transaction follows the Company’s earlier purchase of 10 Boeing 737-800
aircraft announced on 3 March 2025. Norwegian has completed the long-term
financing for that transaction on attractive financing terms.


For further information, please contact:
Hans-Jørgen Wibstad, CFO at Norwegian Air Shuttle ASA, Tel: +47 916 89 661


Norwegian Air Shuttle ASA
Fornebu, 8 July 2025


This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Teodora Samoila, Financial Analyst at Norwegian
Air Shuttle ASA, on 8 July 2025 at 08:00 CEST.

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