LCC Norwegian plans to raise $26 million in fresh liquidity from the sale of two Airbus 320neos and is moving to a paid model for faster inflight connectivity.

Norwegian announced the sale of the two aircraft, owned by its Arctic Aviation Assets subsidiary, on Feb. 5.

“The aircraft are currently leased out and thus not operated by the company. Delivery will take place during February 2019. The transaction is expected to increase the company’s liquidity by $26 million after repayment of debt and have a positive equity effect,” Norwegian said.

On Jan. 29, Norwegian detailed plans to raise NOK3 billion ($353 million) from a rights issue, so it can meet its financing covenants. Aircraft delivery postponements and aircraft sales formed part of this plan.

“The sale is in line with the company’s strategy of capitalizing on the scale built up over the last few years and the changed focus from growth to profitability,” Norwegian said.

Separately, Norwegian announced a premium Wi-Fi roll-out across its 113 Boeing 737-800s, which will be completed by mid-February.

Norwegian became the first European airline to offer free short-haul Wi-Fi in 2011. The LCC will continue to offer free basic Wi-Fi for internet browsing, email and text-based messaging, but it will now also offer two paid premium Wi-Fi products.

The three packages are Surf, Social+Surf and Stream+Surf. Surf is the basic free Wi-Fi. The faster Social+Surf product will be priced at €5 per device, while the premium Stream+Surf product will cost €12 per device.

Norwegian is also rolling out Wi-Fi on its long-haul fleet. The LCC took delivery of its first Wi-Fi-equipped 787-9 in 2018. Norwegian expects to hit 50% rollout on its 787-9s by 2020.

On long-haul, Norwegian offers two Wi-Fi products. These are free basic connectivity and a paid high-speed option, which is fast enough for streaming.

Norwegian’s long-haul connectivity supplier is Collins Aerospace. On short-haul, it uses Global Eagle.

Victoria Moores victoria.moores@informa.com