From the filed courtpapers in the case versus Boeing, Norwegian are claiming compensation due to the grounding of the max and resulting losses of over 1 billion dollars. Now if Norwegian
can get a bit of help from Norway, that will go a long way in getting Boeing to eventually cough up the compensation owed, continue the financial restructuring so brilliantly handled by the CFO until covid destroyed the market, and bring the company back to good health after the crisis.
Will be interesting to see how the leasing companies react, will they pitch in with their own money? Or walk away?
Much of their debt are hooked up to the 787 fleet. Due to the new IFRS rules, FUTURE leasing costs are a big part of this, so is maintenance and other capital costs. If they manage to offload the leased dreamliners (around half of their 787 fleet)back to their owners(the leasing companies) over half of their debt would be gone over night. This would again mean attracting investments and liquidity of which there are plenty available in the current capital markets.
Last edited by uncle-traveling-matt; 15th Nov 2020 at 15:06.