Norwegian Air Uses 737 Crisis to Wring New Deal From Boeing
- Discount carrier postpones 14 Max jets, saving $2.1 billion
- Outline accord also reached with Airbus on unwanted aircraft
A Boeing 737 MAX during production.
Photographer: David Ryder/BloombergThis article is for subscribers only.
Cash-strapped Norwegian Air Shuttle ASA secured a deal to delay deliveries of Boeing Co. 737 Max jets, aided by the bargaining power granted by the model’s global grounding after two fatal crashes.
Boeing agreed to postpone the handover of 14 Max 8s due in 2020 and 2021, which together with an outline accord to restructure Airbus SE deliveries will reduce capital spending by $2.1 billion, Norwegian Air said ahead of its first-quarter results on Thursday.