STAN Standard Chartered Plc

683.00

11.60 (1.73%)

Last Updated: 06:34:32

Delayed by 15 minutes

Norwegian Air Shuttle Sells Six Boeing Aircraft

By Dominic Chopping

Norwegian Air Shuttle ASA (NAS.OS) said Tuesday that it has agreed to sell six Boeing 737-800 aircraft to Pembroke Aircraft Leasing 5 Ltd., a wholly owned subsidiary of Standard Chartered PLC (STAN.LN).

Deliveries will take place in the fourth quarter of 2019 and first quarter of 2020, with sale proceeds used to repay debt and increase liquidity.

Sale terms weren't disclosed, but Norwegian said the deal is expected to increase its liquidity by around $55 million after repayment of debt and to have a positive equity effect.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

November 05, 2019 02:42 ET (07:42 GMT)

Standard Chartered (LSE:STAN)
Historical Stock Chart
From Mar 2024 to Apr 2024