Budget airline Norwegian Air 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 2023. It states that the agreement will reduce the airline's committed capital expenditure by around $1.5 billion, and have a "positive equity effect". The Chinese bank will provide financing and own 70% of the joint venture (JV). Norway is one of China’s largest foreign investors in Europe.
Budget airline Norwegian Air 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 2023. The Chinese bank will provide financing and own 70% of the joint venture (JV). Norway is one of China’s largest foreign investors in Europe.