Budget airline Norwegian Airlines has joined forces with China Construction Bank Leasing to buy 27 Airbus A320neo aircraft , which are expected to be delivered in phases between 2020 and 2020 . The Chinese bank will provide financing and own 70 % of the joint venture ( JV ) . ​Scandinavian budget carrier Norwegian is to establish a joint venture with China Construction Bank Leasing to take over 27 Airbus A320neo aircraft scheduled for delivery from next year. Norwegian said the deal would reduce its capital expenditure by approximately $ 1.5bn .
Budget airline Norwegian Airlines has joined forces with China Construction Bank Leasing to buy 27 Airbus A320neo aircraft , which are expected to be delivered in phases between 2020 and 2020 . The Chinese bank will provide financing and own 70 % of the joint venture ( JV ) . Norwegian said the deal would reduce its capital expenditure by approximately $ 1.5bn .