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Norwegian Air Enters Deal With Boeing Resolving Dispute – $BA $DIA

By John F. Heerdink, Jr.

Reportedly, Norwegian Air has entered a deal to buy 50 Boeing (BA) 737 MAX 8 aircraft, additionally securing options for a further 30 of the planes at an undisclosed price, ending a contract dispute between the two firms. The airline informed, that the deal includes compensation to Norwegian as settlement for previous disputes over MAX and Dreamliner aircraft deliveries and technical issues, triggering a financial gain of 2 billion Norwegian crowns ($212.2 million).

“This was the final piece of the puzzle it will terminate the lawsuits,” stated Norwegian Air Chief Executive Geir Karlsen.

In February, Norwegian informed that it was considering a switch to Airbus unless ongoing litigation with Boeing over previous aircraft cancellations was resolved in a timely fashion.

Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.


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(Read Original Story: Norwegian Air orders 50 Boeing MAX aircraft, resolving dispute in Reuters)