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Norwegian Air in Dispute with Spanish Lender Santander -Report

Airline Norwegian Air Shuttle ASA (NAS.OS) and Spanish lender Banco Santander SA (STD) have become embroiled in a dispute over aircraft funding, according to a report in Norwegian magazine Finanasavisen Tuesday. The Norwegian carrier borrowed money from the Spanish bank to buy five new Boeing 737 aircraft last year, but when the first plane was ready for delivery in May this year the bank, hit by the euro crisis, called for a new funding contract, Finansavisen reports. Santander required a higher interest margin on the loans and discarded the old contract, according to the report. The airline, which managed to find new funding from an American bank, is now considering a lawsuit against Santander, as the delivery of the first plane was delayed by five days, says the report. Newspaper website: www.hegar.no Write to Christina Zander at christina.zander@dowjones.com

Stock News for Banco Santander (STD)
DateTimeHeadline
07/14/201621:30:00CFPB Tightens Scrutiny of Bank Overdraft Fees, Fines Santander
07/14/201617:56:00CFPB Fines Santander $10 Million as Regulator Tightens Scrutiny...
07/14/201613:30:00Bob Diamond and Consortium Exploring Takeover of Two Italian...
07/13/201605:50:00Spanish Banks Don't Need to Repay Borrowers for Excess Interest...
07/12/201613:40:00Santander Consumer USA Chairwoman Resigns for Broader Role at...
07/12/201612:36:00Correction to Santander Consumer USA Article
07/12/201610:20:00Santander Consumer USA Chairwoman Resigns for Broader Role
07/12/201610:13:00Santander Consumer USA Chairwoman Resigns for Broader Role at...
07/11/201617:28:00Santander's U.K. Cash Cow Is Put at Risk by Brexit
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06/30/201604:40:00Europe Stocks Fall After Two Days of Gains
06/30/201603:20:00Deutsche Bank Poses Greatest Risk to Financial System, IMF Says...
06/30/201603:04:00Fed Clears Most Big Banks for Dividends -- WSJ
06/29/201619:52:00Fed Stress Tests Clear 31 of 33 Big U.S. Banks for Capital Returns...
06/29/201618:55:00Fed Rejects Santander Holdings USA Inc's Capital Plan -- Update
06/29/201617:59:00Fed Stress Tests Clear 31 of 33 Big U.S. Banks for Capital Returns...
06/29/201617:10:00Fed Clears 31 of 33 Big Banks for Capital Returns
06/29/201617:00:00Fed Stress Tests Clear 31 of 33 Big U.S. Banks for Capital Returns
06/29/201617:00:00Fed Rejects Santander Holdings USA Inc's Capital Plan
06/29/201605:20:00Caixabank Chairman Steps Down to Lead Charitable Foundation

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