BRIEF-Norwegian Air cancels 97 Boeing planes, files legal claim for compensation

* NORWEGIAN HAS ENGAGED IN A COMMERCIAL DIALOGUE WITH BOEING WITH A VIEW TO RESOLVING ITS 787 AND 737 MAX ISSUES AND OBTAINING COMPENSATION FOR ITS LOSSES. * DIALOGUE HAS [YET TO DATE] NOT LED TO AN AGREEMENT WITH A REASONABLE COMPENSATION TO COMPANY.

Norwegian Air Shuttle Asa: * - NOTICE OF TERMINATION TO BOEING

* NORWEGIAN AIR SHUTTLE ASA ( "COMPANY" OR "NORWEGIAN") HAS ISSUED A NOTICE TO BOEING COMPANY ("BOEING") OF TERMINATION OF COMPANY'S PURCHASE AGREEMENTS OF REMAINING FIVE BOEING 787 AIRCRAFT, 92 BOEING 737 MAX AIRCRAFT AND GOLDCARE SERVICE AGREEMENTS (BSG) RELATED TO 787 AND MAX AIRCRAFT * ALSO TERMINATED THE GOLDCARE SERVICE AGREEMENTS (BSG) RELATED TO 787 AND MAX AIRCRAFT

* NORWEGIAN HAS IN ADDITION FILED A LEGAL CLAIM SEEKING RETURN OF PRE-DELIVERY PAYMENTS (PDP) RELATED TO AIRCRAFT AND COMPENSATION FOR COMPANY'S LOSSES RELATED TO GROUNDING OF 737-MAX AND ENGINE ISSUES ON 787. * COMPANY'S 737 MAX AIRCRAFT HAVE BEEN GROUNDED SINCE WORLD-WIDE GROUNDING OF AIRCRAFT TYPE WAS IMPOSED ON 12 MARCH 2019.

* THIS HAS ALSO DISRUPTED NAS' OPERATIONS AND CAUSED SIGNIFICANT LOSSES. * IN ADDITION NORWEGIAN'S ROLLS-ROYCE TRENT 1000-POWERED 787 AIRCRAFT HAVE SUFFERED FROM LONG-RUNNING RELIABILITY ISSUES THAT HAVE AFFECTED RELIABILITY AND RESULTED IN PREMATURE AND UNPLANNED MAINTENANCE, WHICH HAS DISRUPTED COMPANY'S OPERATIONS AND CAUSED FURTHER SIGNIFICANT LOSSES.

* THIS HAS DISRUPTED COMPANY'S OPERATIONS AND CAUSED FURTHER SIGNIFICANT LOSSES. * NORWEGIAN HAS ENGAGED IN A COMMERCIAL DIALOGUE WITH BOEING WITH A VIEW TO RESOLVING ITS 787 AND 737 MAX ISSUES AND OBTAINING COMPENSATION FOR ITS LOSSES.

* DIALOGUE HAS [YET TO DATE] NOT LED TO AN AGREEMENT WITH A REASONABLE COMPENSATION TO COMPANY. Source text for Eikon: Further company coverage: