Norwegian Air, undergoing restructuring, cancels 88 Airbus orders

NORWEGIAN AIR, IN FULL RESTRUCTURING, CANCELED 88 AIRBUS ORDERS

OSLO (Reuters) – Norwegian Air on Friday announced the cancellation of all of its 88 orders for single-aisle aircraft from European manufacturer Airbus.

The low-cost airline recorded a depreciation charge of 12.8 billion crowns (1.23 billion euros) in the fourth quarter, linked to plans to reduce its fleet and cancel aircraft orders .

It was placed under bankruptcy protection in Norway and Ireland at the end of last year, the two countries where most of its assets are housed.

(Victoria Klesty, French version Laetitia Volga, edited by Jean-Michel Bélot)

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