Arctic Aviation Assets (AAA), the leasing subsidiary of Scandinavian low-cost carrier (LCC) Norwegian, has exercised options on two Boeing 737 MAX aircraft, converting them to firm orders. AAA also signed a letter of intent (LOI) June 14 for a sale-and-leaseback transaction of 11 Boeing 737-800s currently operated by Norwegian. The two new 737 MAX aircraft will be delivered during 2018. AAA now has 110 737 MAX models on firm order, plus 90 remaining purchase options. The LOI for ...

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