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Scope of Star Tour contract widened by NOK 320 million

Press Release   •   Nov 18, 2010 07:30 GMT

Norwegian Air Shuttle ASA and Star Tour/ Fritidsresor/ TUI Nordic Finnmatkat, a subsidiary of the world's largest travel company TUI Travel Plc, have agreed to widen the scope of the agreement for the transportation of Star Tour/ Fritidsresor/ TUI Nordic Finnmatkat customers entered into on January 14 2010. The agreement now also includes the summer season 2011 with an additional 800 flights with an approximate additional contract value of MNOK 320

 

The full agreement now comprises a total of 1,100 flights with a contract value of MNOK 490.

 

The charter flights will depart from a number of cities in Norway, Sweden and Finland. The 1,100 flights will be operated by Boeing 737-800s.

Norwegian Air Shuttle ASA, commercially branded “Norwegian,” is a public low-cost airline noted on the Oslo Stock Exchange. The company is the second largest airline in Scandinavia, and has a route portfolio that stretches across Europe into North Africa and the Middle East. With competitive prices and customer friendly solutions and service, the company has experienced significant growth over the previous years. With more than 10.7 million passengers in 2009, Norwegian is the 3rd largest low-cost airline in Europe. The turnover in 2009 was in excess of NOK 7.3 billion. Norwegian currently operates 55 aircraft on 239 routes to 94 destinations and employs approximately 2 000 people.