By Carlo Martuscelli

Norwegian Air Shuttle ASA (NAS.OS) subsidiary, Arctic Aviation Assets DAC, said Wednesday that it has struck an agreement with Airbus SE (AIR.FR) to reschedule certain aircraft orders.

Arctic Aviation said that this will reduce its capital expenses by $570 million in total for 2019 and 2020. The decision is in line with its strategy to pursue profitability over growth given the scale it has built over the last few years.

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

(END) Dow Jones Newswires

April 10, 2019 11:08 ET (15:08 GMT)