SAS is early retiring almost one-third of its Boeing 737NG-fleet, converting some of them to full-freighters. Most of the Airbus A340-fleet is also to be retired, the airline said on December 3 during its FY2019/20 results presentation. Before Covid, the…
Norwegian has filed for bankruptcy protection for its Ireland-based subsidiaries and assets in Ireland in an attempt to restructure, attract new capital, and survive the Covid crisis, the airline announced on November 18. The move follows the refusal from the…
Norwegian will need additional working capital in Q1 of 2021 if it is to meet its obligations in the coming twelve months. If it fails to succeed “there is a significant risk that the company becomes insolvent and enters into…
It’s mid-July and most airlines have significantly ramped up capacity since June, with more steps to follow this summer. Yet, traffic is still well below pre-Covid 19 levels. We bring you an update, with further updates on American Airlines, Emirates,…
Friday, May 15. In recent days, airlines have been announcing a gradual return to flying again. The picture is diffuse, with some offering limited services from the second half of May and others extending their suspensions. So we update our…
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.…