The deal is expected to close in the first quarter and generate a non-recurring gain of US$51 million.

Norway's regulatory body assessed that the merger will not have a major impact on competition for air travel, but only two carriers operate flights in the country

Aircraft less than 10 years old that have flown by Norwegian Air have been idle since 2019 and will be the first of the Dreamliner model to be dismantled

The agreement also includes 30 purchase options. Aircraft will be delivered between 2025 and 2028

Cancellation of 88 planes ordered by Norwegian Air in 2012 reduced total pending deliveries to 7,050

Low-cost carrier will return all Boeing 787s and focus its flight network on routes in Europe

Low cost airline recognizes that next months will be critical for its survival

Only the 737 MAX model had 92 units canceled. Airline alleged financial losses from aircraft grounding and also unreliability of the 787 jets

Low cost airline will reconnect London and Edinburgh with Oslo and Copenhagen from July, among other destinations

Subsidiary of low-cost airline rumored to be closed for lack of profitability