NAS enters into IPR license agreement

Norwegian Air Shuttle (NAS) and Norwegian Finans Holding (NOFI) have entered into an intellectual property rights (IPR) license agreement following NOFI’s purchase of all of the shares of Lilienthal Finance, the Irish company established in 2018. Under the terms, NAS will receive a one time payment of NOK 150 million (approximately $17 million) for NOFI’s right to use the Norwegian brand and the airline’s logo in Europe outside the Nordics the first five years of the agreement period. Following the initial five-year period, Lilienthal shall pay a license fee of NOK 30 million per year. The license fee is subject