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Norwegian Air and Airbus agree terms to end jet deliveries, court is told

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Norwegian Air and jet maker Airbus have agreed on terms to repudiate the carrier’s contract for new aircraft, lawyers representing the two firms told Ireland’s High Court on Wednesday. Norwegian last year won protection from bankruptcy in both Norway and Ireland, where most of its assets are registered, and is aiming to emerge with fewer aircraft and less debt as it plots a future beyond the COVID-19 pandemic. Under a multi-year deal signed in 2012 and revised several times since, Airbus was to… (www.reuters.com) More...

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