|Bid||57.20 x 6100|
|Ask||54.00 x 128200|
|Day's range||55.04 - 59.98|
|52-week range||30.00 - 2,160.00|
|Beta (5Y monthly)||1.38|
|PE ratio (TTM)||N/A|
|Earnings date||26 Feb 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||224.45|
Boeing is not engaging with Norwegian Air's restructuring proceedings in Ireland and Norway, a lawyer representing Norwegian said on Wednesday. Boeing "to date hasn't engaged in the [Irish] examinership process, or the Norwegian reconstruction... it is not anticipated that Boeing will engage in either," Brian Kennedy told Ireland's High Court. Norwegian was given protection from bankruptcy in both Norway and Ireland, where most of its assets are registered, late last year and is aiming to emerge from the process with fewer aircraft and less debt.
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 deliver 100 jets to Norwegian, and according to the aircraft maker's financial filings the company still has 88 narrow-body jets on order.
The Irish High Court this week is hearing arguments concerning the repudiation of some of Norwegian’s liabilities including aircraft leases. Airbus declined to comment. Boeing was not immediately available for comment.