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…
Market capacity outgrowing demand, valuta risks and higher fuel costs are likely to impact the 2019 result of Scandinavian airline SAS, which can look back on a record-year 2018. SAS announced its November 2017-October 2018 results on January 29. They…
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…
IAG’s announcement that it will sell its 3.93% share in Norwegian Air Shuttle (ASA) in due course marks the end of a nine-month attempt by the airline group to get a grip on the low-cost airline from Northern Europe. Who…
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Various sources have reported today that IAG has taken a 4.6% stake in Norwegian. Both sides are being careful with any statements. Norwegian is going to spin this as being good because they are attractive with a viable business model. …