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Norwegian increases long haul fleet to six Dreamliners

Norwegian has entered into a Letter of Intent to lease a further new Boeing 787-8 Dreamliner, bringing the total number of such aircraft on order to six.  The six aircraft are part of Norwegian's set up for long haul operations.

"With the Dreamliners Norwegian will operate the newest generation of long haul aircraft, especially designed to meet the passengers' demand for better comfort and more environmentally friendly transportation. The aircraft type, which is the most cost efficient in its class, will provide Norwegian with a strong competitive advantage and the passengers with low fares to distant destinations outside Europe," said CEO Bjørn Kjos at Norwegian.

Today Norwegian entered into a Letter of Intent to lease one additional new Boeing 787-8 Dreamliner from International Lease Finance Corporation, ILFC, to be delivered early 2014.This is the third Dreamliner leased from ILFC. Last year Norwegian entered into a leasing agreement for the delivery of two Dreamliners during fall 2012/ winter 2013. Norwegian has also recently signed an agreement for the right to purchase three Boeing 787-8 Dreamliners, bringing the total number of such aircraft on order up to six. Negotiations for further aircraft will continue.

"The Dreamliner is the most cost efficient aircraft type of its size with considerably lower operating costs than competing aircraft types, making low cost journeys to distant destinations a reality. A primary driver for the low costs is fuel efficiency, which also makes the Dreamliner the most environmentally friendly option. The emissions are as much as 20 percent lower than comparable aircraft," said Kjos.

As with the existing short-haul operation, Norwegian will offer low-fare, non-stop long-haul routes to avoid expensive and time consuming stopovers. The size of the Dreamliner is a perfect match for the Scandinavian market. Combined with longer range, higher speed and substantially lower operating costs, routes previously not feasible as a non-stop alternative from Scandinavia will be a reality with Norwegian's Dreamliner operation.

Contacts:
SVP, Corporate Communications, Anne-Sissel Skånvik, tel.+ 47 97 55 43 44
CFO Frode Foss, tel. + 47 91 63 16 45
Communications Manager, Åsa Larsson, tel. +46 735 22 22 42 

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Norwegian Air Shuttle ASA, commercially branded “Norwegian,” is a public low-cost airline noted on the Oslo Stock Exchange. The company is the second largest airline in Scandinavia, and has a route portfolio that stretches across Europe into North Africa and the Middle East. With competitive prices and customer friendly solutions and service, the company has experienced significant growth over the previous years. With more than 13 million passengers in 2010, Norwegian is the 3rd largest low-cost airline in Europe. Norwegian currently operates 58 aircraft on 244 routes to about 100 destinations and employs approximately 2 500 people.

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Norwegian is the largest Norwegian airline and one of Europe’s leading low-cost carriers. The company has around 4,500 employees and offers a comprehensive route network between Nordic countries and destinations in Europe. Since 2002, more than 300 million passengers have flown with Norwegian. The most important task has been to offer affordable plane tickets to all and to offer more freedom of choice along the journey.

Norwegian is a driving force for sustainable solutions and the transformation of the aviation industry. The company’s goal is to reduce its CO2 emissions by 45 percent within 2030. To this means, the company is renewing its fleet, promoting sustainable aviation fuel, reducing its waste, and using wind and weather data to calculate the most efficient fuel-saving flights routes. Norwegian wants to become the sustainable choice for its passengers.

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