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It said its new cost-saving program was expected to generate savings of at least 2 billion crowns ($229 million) in 2019. The airline said it would provide an update on the program on April 25 with its first-quarter results. Norwegian’s long-haul operations have been disrupted by challenges with the Rolls-Royce (RR.L) engines on the Dreamliner. “The Company has now reached an agreement with Rolls-Royce which will have a positive effect from the first quarter of 2019. The commercial terms of the agreement remain confidential,” said Norwegian Air mont blanc unicef cufflinks uk online.

It also said it had secured financing for all aircraft deliveries due in the first half of 2019. “This also includes refinancing of one of the delivered (Boeing) Dreamliners, resulting in a positive liquidity effect of NOK 275 million in December 2018,” it said mont blanc unicef cufflinks uk online. Norwegian has embarked on an ambitious expansion plan by ordering more than 200 new planes yet investors worry it is pushing up costs quickly without producing higher returns. The process of selling aircraft continued, it said, with “significant” expressions of interest in its existing fleet as well as future deliveries..

“The Company recently signed a letter of intent for the sale of two aircraft with delivery in the first quarter of 2019. The discussions about forming a joint venture for aircraft ownership also continues with full force,” it said mont blanc unicef cufflinks uk online. Its share price is roughly back to the level it was a year ago having erased gains made in April after British Airways owner IAG (ICAG.L) said it was interested in bidding for Norwegian Air. The shares were not traded on Monday as the Oslo bourse was closed..

(Reuters) – Regional lender Cadence Bancorp (CADE.N) said on Monday it will offer 4.3 million additional shares to buy State Bank Financial Corp STBZ.O in a deal valued at $849 million, well below the $1.4 billion it offered in May. State Bank shareholders will receive 1.271 shares of Cadence class A common stock for every share held, up from 1.160 in the previous offer mont blanc unicef cufflinks uk online. The new offer is valued at about $21.84 based on Cadence’s Friday close and represents a 7.3 percent premium to State Bank’s close on the day..

MOSCOW (Reuters) – South Korea-based carmaker Hyundai Motor Co. (005380.KS) expects growth in the Russian auto market to slow sharply next year, the head of its Russian branch said on Monday. Automakers have warned Russia’s plan to raise value added tax in 2019 would hit car sales, which have only just started to recover from four years of stagnation mont blanc unicef cufflinks uk online. Hyundai forecasts car sales in Russia will grow 5-6 percent in 2019, after an expected increase of 12.8 percent this year, the company’s Russian managing director Alexei Kalitsev told reporters..