Mergers News

Norwegian Air places $3.1 bln Boeing order

OSLO, Aug 30 (Reuters) - Norwegian Air Shuttle NAS.OL has ordered 42 new Boeing BA.N 737-800 airplanes for a total of $3.1 billion, and secured purchase rights for an additional 42 planes of the same model, the company said on Thursday. "This is the largest order in Europe received by Boeing for the company's 737 series thus far in 2007," Norwegian Air Shuttle ASA, a budget airline with a market capitalisation of around $418 million, said in a statement.

The planes will be delivered from 2009 through 2014, with about 10 planes to come each year, it said.

The airplanes will supplement 11 Boeing 737-800 airplanes Norwegian that ordered in May this year.

“The new airplanes will strengthen Norwegian`s competitive position in the Norwegian, Nordic and European aviation markets,” Bjorn Kjos said in the statement.

((Reporting by Aasa Christine Stoltz and John Acher; +47 22 93 69 02;; Reuters messaging: rm:// Keywords: NORWEGIANAIR BOEING/

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