BRIEF-Norwegian Enters Agreement To Purchase 10 Boeing 737-800 Aircraft

March 3 (Reuters) - Norwegian Air Shuttle ASA NAS.OL:

• AGREEMENT TO PURCHASE 10 BOEING 737-800 AIRCRAFT

• ON COMPLETION OF TRANSACTION, NORWEGIAN EXPECTS TO RECORD A NON-RECURRING GAIN OF APPROXIMATELY NOK 570 MILLION

• TRANSACTION IS EXPECTED TO GENERATE RECURRING COST SAVINGS NET OF FINANCING COSTS OF AN AVERAGE OF APPROXIMATELY NOK 200 MILLION PER YEAR

• TRANSACTION IS EXPECTED TO CLOSE IN Q1 OF 2025

• ACQUISITION WILL INITIALLY BE FUNDED THROUGH COMPANY'S CASH ON HAND

Source text: ID:nObiNygKha

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