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Norwegian’s survival plan confirms critical situation (update 5/5)

Norwegian needs access to additional state aid and secure support from lessors and bondholders before mid-May, otherwise, the low-cost airline will run out of cash and is likely to collapse, the company warned in an investor's presentation on April 27. The update...

Norwegian cuts off crew units in struggle for survival

Norwegian has filed for bankruptcy for four of its crew subsidiaries in Denmark and Sweden, it announced on April 20. The low-cost airline has also canceled crew provision agreements with OSM Aviation for crew based outside Scandinavia. In total, 4.705 cockpit and...

Norwegian: no more cries for Argentina

In a move to further concentrate on its core business in Europe and North America and improve profitability, Norwegian announced on December 4 that it will sell Norwegian Air Argentina (NAA) to ultra-low-cost airline JetSMART. This concludes the Argentinian adventure...

Perspective on Norwegian and Superjet

We were as surprised as anyone to see this news.  But then stepping back to think about it, there is some logic to this.  First, the Russians have something Norwegian wants. And the Russians are negotiating from their strengths.  Second, Norwegian needs to cut costs -...

Buying or leasing? That’s the question

Leasing of aircraft has taken a jump. Yet airlines prefer to buy them outright too. Richard Schuurman looks at the...

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