All Norwegian articles – Page 8
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NewsNorwegian names new chief as restructuring efforts continue
Restructuring low-cost carrier Norwegian has named former Circle K group president Europe and McKinsey advisor Jacob Schram as its new chief executive.
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News
Norwegian stock price drops after new fundraising round
Scandinavian budget carrier Norwegian's share price has dropped by around 10% after the airline revealed it was seeking additional funding from investors, through a convertible bond issue and a release of new shares.
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Trent blade limit ‘insufficient’ before Norwegian 787 failure
Italian investigators have disclosed that there was no engine de-pairing requirement in place for the Rolls-Royce Trent 1000s fitted to a Norwegian Boeing 787 before one of its powerplants failed after take-off from Rome. The engines were subject to a modification – under a service bulletin designated 72-H818 – which ...
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Norwegian boosts third-quarter operating profit 64%
Norwegian has reported a 64% rise in third quarter operating profit, to NKr2.97 billion ($326 million), after slowing capacity growth in the period.
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Chinese bank venture to take over 27 Norwegian A320neos
Scandinavian budget carrier Norwegian is to establish a joint venture with China Construction Bank Leasing to take over 27 Airbus A320neo aircraft scheduled for delivery from next year.
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Norwegian sells batch of 737-800s to HK-based recycler
Scandinavian budget carrier Norwegian is selling five Boeing 737-800s to a Hong Kong-based recycling and asset-management entity, and will transfer the jets from the end of this year.
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Norwegian plots transatlantic tie-up with JetBlue
Scandinavian budget carrier Norwegian has entered a tentative agreement for transatlantic co-operation with US counterpart JetBlue Airways.
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Czech Airlines and Norwegian cut A320neo commitments
Czech Airlines has cancelled more than half of the Airbus A320neos it originally ordered more than three years ago, while Norwegian has also trimmed its A320neo commitment.
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Airline Business
ANALYSIS: Norwegian's race to reach profitability
Few airlines have expanded as quickly as Norwegian. In the 10 years years to 2018, it quadrupled its fleet size to more than 160 aircraft as it focused on growth above all else.
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NewsNorwegian engine failure prompts Virgin to delay A340 retirement
Virgin Atlantic has pushed back the retirement date for its Airbus A340-600 fleet after an engine failure suffered by a Norwegian Boeing 787-8 temporarily affected the availability of Rolls-Royce Trent 1000 powerplants.
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NewsSerious Norwegian 787 Trent failure traced to blade fracture
Italian investigators believe blade fracture originating in the intermediate pressure turbine triggered the serious engine failure involving a Norwegian Boeing 787-8 departing Rome Fiumicino on 10 August.
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SAS shifting Los Angeles service to Copenhagen
Scandinavia's SAS is to challenge budget carrier Norwegian on the transatlantic route to Los Angeles from Copenhagen next year, by transferring its current service from Stockholm.
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NewsNorwegian puts up slots to delay bond repayment
Scandinavian budget carrier Norwegian is putting up slots at London Gatwick as part of an exchange package as it seeks to delay repayment of unsecured bonds.
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Airline BusinessSluggish progress on gender mix in airline C-suites
It could be the mid-2050s before there is an equal split between female and male incumbents in senior executive positions at airlines, according to FlightGlobal’s latest annual survey of the world’s biggest passenger operators.
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Norwegian reinforces finances by selling out of bank
Scandinavian budget carrier Norwegian is selling out of Norwegian Finans Holding, the parent company of Bank Norwegian, divesting its entire shareholding for NKr2.2 billion ($246 million).
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Norwegian to end Irish transatlantic flights
Norwegian is to end all flights between Ireland and the USA from 15 September as it looks to cut loss-making routes.
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Departing 787 appears to shed engine parts over Rome
Italian investigators are probing an incident in which a Norwegian Boeing 787-8 appears to have shed engine parts shortly after take-off from Rome Fiumicino.
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Podcast
PODCAST: Airline Business on Kjos, Ryanair, India, Korean, awards
The new edition of the Airline Business Podcast is now available.
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News
Norwegian's Kjos jokingly labels his departure 'way overdue'
Norwegian's long-serving chief executive Bjorn Kjos joked during his final results briefing today that his departure from the airline was "way overdue".
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NewsNorwegian increases Max grounding impact estimate
Norwegian Air Shuttle expects the continuing grounding of the 737 Max will impact its 2019 results by some NKr700 million ($81 million), a sharp increase on previous estimates.