Norwegian is seeking to restructure long-term debts of $380 million by asking its bondholders extra time to repay the money, the airline said on September 2. Norwegian has two unsecured bonds that need to be repaid by November 2021 and…
Amidst the uncertainty of the return to service of its Boeing MAX 8-fleet Norwegian has decided to cut its transatlantic network out of Ireland from mid-September. The low-cost airline will discontinue six routes to Dublin out of Providence and New…
One of the iconic leaders of Europe’s low-cost brigade is stepping down: after 17 years as CEO with Norwegian, Bjorn Kjos announced during the Q2-results presentation on July 11 that he will retire from his position and take on a…
Norwegian is being watched closely by the entire OEM, leasing and airline industry. IAG sold off its stake in the airline after it rebuffed a takeover deal. Norwegian recently had to enter an emergency rights issue to avoid breaching a…
Norwegian confirmed a change to its fleet plans on February 7, at the same time announcing a 1.451bln kroner net loss for its fiscal year 2018. This actually is an improvement over its 1.783bln kroner loss over 2017. The Norwegian…
Low-cost carrier Norwegian is set to reduce its short- and medium-term fleet plans, by announcing deferral of new aircraft deliveries and divestments of aircraft currently owned, it said in a January 29 announcement to investors. Full details will be disclosed…