Its old news, but gives a clear indication of where things are heading:
Aercap's chief risk officer, Anton Joiner, has resigned from his position as a member of the board of Norwegian Air Shuttle.
The airline disclosed the resignation in a regulatory filing, but did not give a reason for his departure. Aercap declined to comment.
Joiner joined the airline’s governance team earlier this year after Aercap became Norwegian’s largest shareholder as part of its debt-for-equity conversion programme.
Aercap chief executive officer Aengus Kelly was also named as a new member of the airline’s nomination committee for two years following the decision of Finn Bergh and Bjorn Kise to step down.
During the lessor’s third quarter analyst call, Kelly said that Aercap was seeking to reduce its exposure to Norwegian.
The Dublin-based lessor has agreed new lease contracts for two Boeing 787s currently placed with Norwegian and was in the process of remarketing a third, he disclosed.
The end game now is all about reducing risk and exposure to counter claims.