The European aircraft manufacturer Airbus and the insolvent Norwegian Air Shuttle were able to agree on the cancellation of the 88 aircraft of the A320neo series. This is not by chance, as management is trying to get out of sales and leasing contracts through bankruptcy proceedings in Ireland.

Norwegian does not have to pay any damages to Airbus, but in return the advance payments already made will be withheld. It is therefore definitely clear that there will be no delivery of 30 A321LR and 58 A320neo to the low-cost airline.

The agreement did not come without pressure, however, because on Wednesday there was a hearing in this connection before the Irish High Court. Ultimately, the two parties in the room should have agreed on the cancellation of the bulk order.

Norwegian also wants get rid of the Boeing order and to have compensation for the B737 Max debacle and the Dreamliner's engine problems. Another hearing in the High Court will take place this week. It is considered likely that the Americans will fall over the bulk order.