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Norwegian benefits from Boeing payments and considers MAX 10

Norwegian benefits from Boeing payments and considers MAX 10

by Richard Schuurman | Aug 25, 2022 | Airlines | 0 comments

The reinstatement in its financial results of previously excluded pre-delivery payments to Boeing for the MAX 8 has helped Norwegian to get a net profit in Q2 and HY1. Without it, the low-cost airline would have produced a net loss. Norwegian said today that it is...
Deferred payments push ALAFCO losses up

Deferred payments push ALAFCO losses up

by Richard Schuurman | Dec 23, 2021 | Aerospace, ALAFCO, Lessors | 0 comments

The Covid-crisis has forced Kuwaiti lessor ALAFCO to enter rent deferral agreements with eight of its 23 customer airlines, it says in its recently published report on FY21. Lease revenues were down by thirteen percent to KD 15.5 million and pushed losses up to KD...

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