|Bid||60.00 x 6100|
|Ask||57.10 x 128200|
|Day's Range||54.30 - 58.50|
|52 Week Range||30.00 - 1,470.50|
|Beta (5Y Monthly)||1.38|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 20, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||224.45|
The disappearance of billions of dollars' worth of orders from troubled budget carrier Norwegian Air has left Europe's Airbus with more cancellations than orders so far this year, company data showed on Friday. Norwegian last month obtained an Irish court's agreement to cancel all 88 aircraft on order from Airbus as it staves off collapse. It remains at loggerheads with Boeing over the status of a separate order for 97 U.S. passenger jets.
Norwegian Air expects its dispute with Boeing over the cancellation of orders for 97 aircraft to be decided in U.S. legal proceedings and not as part of an Irish restructuring process, a lawyer for the airline said on Friday. On Friday, the airline indicated to the Irish court that it was seeking to repudiate three aircraft sales contracts with Boeing. But a lawyer for Norwegian later made clear to the court that any repudiation would not impact or prejudge ongoing legal proceedings linked to the contracts in the United States.
Norwegian Air is not asking Ireland's High Court to interfere with legal proceedings between itself and Boeing in the United States over the cancellation of 97 plane orders, a lawyer for the airline said on Friday. Norwegian Air asked Ireland's High Court to issue repudiation orders for three sales contracts with Boeing, but lawyer Declan Murphy said this was not intended to take precedence over ongoing U.S. legal action on the contracts.