Arctic Aviation Assets Ltd. announced today that it signed a Letter of Intent (LOI), subject to final agreement, to lease out 12 Airbus 320NEO aircraft to an undisclosed airline. The 12 aircraft have scheduled delivery in 2016 and 2017.

Arctic Aviation Assets Ltd (AAA) is a fully owned subsidiary of Norwegian Air Shuttle ASA, based in Dublin, Ireland. AAA manages a large portfolio of aircraft for the Norwegian Group.