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Norwegian Air Shuttle ASA ( (GB:0FGH) ) has provided an update.
Norwegian Air Shuttle ASA has announced an agreement to purchase three Boeing 737-800 aircraft, currently leased to the airline, as part of its strategy to secure its future fleet and enhance financial flexibility. This acquisition, expected to close in the third quarter of 2025, will initially be funded through existing cash reserves and is anticipated to generate a non-recurring gain of approximately NOK 260 million, along with annual cost savings of NOK 25 million, thereby strengthening the company’s operational and strategic growth.
The most recent analyst rating on (GB:0FGH) stock is a Buy with a NOK14.00 price target. To see the full list of analyst forecasts on Norwegian Air Shuttle ASA stock, see the GB:0FGH Stock Forecast page.
More about Norwegian Air Shuttle ASA
Norwegian Air Shuttle ASA is a prominent player in the aviation industry, primarily offering low-cost airline services. The company focuses on providing affordable air travel options across various destinations, enhancing its market presence in the budget airline sector.
Average Trading Volume: 10,385,451
Current Market Cap: NOK15.41B
For detailed information about 0FGH stock, go to TipRanks’ Stock Analysis page.