It comes as the airline reports its “best-ever” quarterly financial result.
The deal with China Leasing International Corporation DAC (CCBLI) is said to be to finance, own and lease aircraft that Norwegian has on order.
“The agreement will strengthen Norwegian’s financials considerably,” the airline said.
Initially, the JV comprises 27 Airbus A320 Neo aircraft to be delivered from 2020-2023. CCBLI will also provide aircraft financing for aircraft within the JV.
CCBLI is a 100% owned subsidiary of China Construction Bank Corporation – “the world’s second largest bank by asset value”.
