Norwegian's wholly owned subsidiary Arctic Aviation Assets has arranged pre-delivery payment financing for 50 Airbus A320neos scheduled for delivery in the period 2016-19.

The Scandinavian budget carrier says the financing is structured as a revolving credit facility.

"A consortium of international banks and institutions" provided this facility, Norwegian indicates, without disclosing their identity.

"These deliveries in the next four years are key to the Norwegian group's future growth plans, and the PDP financing facility is a milestone in Norwegian's ongoing programme for financing direct-buy aircraft," says the airline's finance chief Frode Foss. "We are very satisfied with the long-term commitment and confidence from our financing partners."

Source: Cirium Dashboard