Originally Posted by
Dct_Mopas
Well that’s going to be a challenge. Further 787 issues, Max groundings, cash being raised via rights issues (not normal), rising oil prices, lower demand. This is all at the end of the recent airline boom times, Norwegian need to make profit now. The competition have been making profit, raising cash, paying off debt for years now.
https://www.theguardian.com/business...a-rights-issue
787 and Max issues you will stop paying loans for aircraft until they sorted plus someone else will be picking up the costs and it will be coming all in cash or cash equivalent. Boeing jets were all puchased using US EXIM, basically US taxpayer funded export agency. What will they do ? Reposess aircraft that can't fly and sell to whom ?
The $45 million initial hit will be way more than because the quoted costs are going to get added to massively because of non delivery etc.
One of the reasons Sir Beardy was always first in for new aircraft, never going to be delivered on time and substantial damages paid for non delivery and you then sell your delivery slot.
They couldn't have come at a better time because it buys Norwegian another year with either a huge injection of damages cash from Boeing and RR or loans written off.