All Norwegian articles – Page 4
-
NewsNorse Atlantic expects to operate 15 longship-liveried 787s by mid-2022
Norse Atlantic Airways plans to have 15 Boeing 787s in service by summer 2022, the Scandinavian start-up said today as it unveiled its longboat-inspired livery.
-
NewsNorwegian plans ‘gradual’ increase in flights as markets reopen
Restructuring low-cost carrier Norwegian plans to “gradually increase” its flight activities in July in response to the easing of some travel restrictions in Europe. While Norwegian’s passenger numbers more than doubled in June over the previous month to 225,000, it remains a fraction of the 3.5 million the airline carried ...
-
NewsBids sought for batch of ex-Norwegian 737-800s
Ten Boeing 737-800s formerly operated by budget carrier Norwegian are being remarketed on behalf of the US Export-Import Bank. The first six aircraft have been formally listed in a request for proposals, says asset management specialist McLarens Aviation. It has identified these airframes as bearing serial numbers 39008, 39022, 39048, ...
-
NewsAirline Business Friday Briefing: Two very different CEO departures
This week saw two low-cost carriers announce changes at the top of their businesses, where the similarities between the stories begin and end with the business model.
-
NewsNorwegian names new chief executive after voting to end Schram’s tenure
Scandinavian budget carrier Norwegian has named Geir Karlsen, the airline’s chief financial officer, as its new chief executive with immediate effect. The airline’s board voted on 20 June to end the tenure of previous chief Jacob Schram, who was appointed little more than 18 months ago as the beleaguered carrier ...
-
NewsNorwegian exits bankruptcy after shedding two-thirds of its fleet
Norwegian has “successfully emerged” from bankruptcy protection with a much slimmed down fleet of 51 aircraft, all of which will be operated on a by-the-hour basis until the first quarter of next year, the airline has disclosed.
-
NewsNorwegian raises enough capital to exit bankruptcy
Norwegian has raised the NKr6 billion ($718 million) in fresh capital required to exit its restructuring process later this month, after a private placement of new shares was “significantly oversubscribed”.
-
NewsNorwegian edges closer to completing financial restructuring
Low-cost carrier Norwegian aims to complete its court-approved financial restructuring later this month after a deadline passed with no objections filed against the plan.
-
NewsNorwegian outlines NKr6bn capital increase for restructuring
Scandinavian budget carrier Norwegian is looking to raise up to NKr6 billion ($725 million) as part of its broad restructuring plan, following court approvals of arrangements to exit examinership processes. Norwegian has reduced debt and cancelled large numbers of aircraft orders during the restructuring, and is looking to emerge with ...
-
NewsNorwegian aims to fly 50 aircraft this year, once restrictions lift
Restructuring low-cost carrier Norwegian plans to ramp-up its operations to a peak of 50 short-haul aircraft this year once travel restrictions are lifted and to reach 70 aircraft next year.
-
NewsContinued travel restrictions prompt Norwegian to lift capital raise target
Restructuring low-cost carrier Norwegian has increased the range of its planned capital raise in view of the slow opening up of travel markets.
-
NewsNorwegian reconstruction approved by Oslo court
Norwegian has had its plan for financial reconstruction approved by a court in Oslo, opening the door for the carrier to begin raising fresh capital.
-
NewsUS opposition builds to Norse Atlantic’s planned transatlantic flights
Top US lawmakers are gearing up to battle a potential application by start-up Norse Atlantic Airways to begin transatlantic flights to the USA.
-
NewsIrish High Court approves Norwegian restructuring
Ireland’s High Court has approved Norwegian’s plan for financial reconstruction, leaving Norway to render a decision on the carrier’s proposal.
-
NewsNew airline plans Norwegian-style transatlantic flights with 787s
A new airline backed by the founder of Norwegian is seeking to launch transatlantic flights with Boeing 787s later this year, as it aims to fill the long-haul low-cost gap left by the latter’s recent withdrawal from Europe-USA market.
-
NewsNorwegian files restructuring plan to courts
Low-cost carrier Norwegian has sent its plan for financial restructuring to the Irish and Norwegian courts, as it seeks permission from creditors and shareholders to continue the remodelling of its business and initiate a capital raise.
-
NewsNorwegian mass cancellation pushes Airbus into negative net orders
Airbus has newly-recorded cancellations of 92 aircraft, pushing the airframer far into negative net order territory after the first two months of this year. The cancelled aircraft comprise a pair of A350-900s plus 59 A320neo and 30 A321neo jets. Scandinavian budget carrier Norwegian accounted for almost all of the single-aisle ...
-
NewsNorwegian posts $2.7bn annual loss
Norwegian made a net loss of NKr23 billion ($2.7 billion) in 2020, dramatically deepening one of NKr1.61 billion in 2019, as its long-haul low-cost business model was devastated by the Covid-19 pandemic.
-
NewsNorwegian gives update on progress in settling with lessors
Norwegian continues to make progress in settling leases and other contracts with creditors under its Irish restructuring process, but faces opposition from some parties.
-
NewsNorwegian proposes haircut for creditors
Norwegian’s creditors are set to take a significant haircut on their debts under a capital-raising exercise the carrier is planning under its restructuring processes. In a 19 February stock-exchange filing, the Scandinavian low-cost carrier says it intends to issue NKr1.88 billion ($221 million) of perpetual subordinated convertible bonds and retained ...