![]() Photographer: Chris Ratcliffe/Bloomberg © 2020 Bloomberg Finance LP Norwegian Air is suspending thousands of flights and slashing its workforce in response to the fallout of the coronavirus and the widespread travel restrictions it’s triggered. hangar at Gatwick Airport in Crawley, U.K., on Friday, Feb. In June 2020, Norwegian issued a notice of termination of the company’s purchase agreements of five Boeing 787s, 92 Boeing 737 MAX aircraft and related GoldCare service agreements.Ī passenger aircraft, operated by Norwegian Air Shuttle ASA, stands on the tarmac outside a Boeing. Reuters quoted Boeing Chief Financial Officer Greg Smith as telling a Credit Suisse conference “We’ve got a large number of undelivered 787 aircraft.” Flight Global reports that the “large number” is 60.īut the coming dump of Norwegian’s Boeing aircraft is only part of the “relationship problem” between the two companies. Manufacturing cuts reflects a larger problem. Boeing 787 production, which has faced a number of quality issues, is now down to just five aircraft per month. It may also further limit 787 manufacturing, which has already been cut four times in 19 months. Dumping 37 expensive new widebody planes on a world aviation market struggling to come back from COVID will no doubt further depress pricing. Norwegian’s orphaned Dreamliners represent almost 4% of that total. ![]() How about a used one? has a 787-8 built in 2017 listed at $122 million, with three others “Call for price.”Īs of December 2020, Boeing had built 992 787s. But putting the 737 and especially the 787 aircraft back on the sluggish aviation market will create more headaches for Boeing.Īverage prices for new 787-8 models run around $248 million, while a new 787-9 is pegged at $292 million. Most of Norwegian’s aircraft are leased, creating issues for the leasing companies that are their actual owners. So it seems that all 37 Boeing Dreamliners are on the chopping block, as are several dozen 737-800 and/or 737 MAX aircraft. The airline said that with future demand highly uncertain, “a long-haul operation is not viable for Norwegian and these operations will not continue.” Why the past tense?” Norwegian says its entire fleet of Dreamliners has not flown since March of 2020. ![]() Norwegian Dreamliners provided service to a dozen US cities and to European (London, Barcelona Paris, Rome, Madrid, Oslo), South American (Buenos Aires, Rio) and Asian (Bangkok) destinations. (Photo by Matthew Horwood/Getty Images) Getty Images Norwegian Air have cancelled 3,000 departures between mid-March and and mid-June as coronavirus fears make an impact on global air travel. ALTA, NORWAY - FEBRUARY 17: A Norwegian Air Boeing 737-800 plane at Alta Airport in Finnmark county.
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