Norwegian has signed a letter of intent for the formation of a joint company with an unknown Asian investor to lease its surplus aircraft.
The agreement is part of a plan that will also see the carrier issue new shares to investors to pay off some of its £2.9 billion debt after incurring a £131.4 million loss last year.
Geir Karlsen, chief financial officerat the airline, told Norwegian media “talks were ongoing”, but did not name the company involved.
The carrier admits it has expanded too fast and must now divest some aircraft, mainly short-haul.
Norwegian has already signed deals to lease or sell 18 of these, according to the country’s stock exchange.
