Norwegian completes sale-leaseback with Bank of America

Norwegian Air Shuttle (dba Norwegian) has completed a sale and leaseback agreement with Bank of America Leasing Ireland (BALI) for two Boeing 737-800s.

The first aircraft was scheduled for delivery in September with the second to be delivered in October. At the date of delivery the aircraft will be leased back on an agreed dry lease agreement.

The lease periods are 10 years for both aircraft.

This deal is part of Norwegian’s financing strategy for the six aircraft options announced in August 2009.

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