Norwegian's traffic figures for July shows a continued increase in the number of passengers. Demand is driven by ease in travel restrictions, in addition to a higher level of the population being vaccinated. In July, Norwegian operated 33 aircraft, which is approx. 50 percent more than the previous month.
Norwegian's traffic figures for June continue to be heavily influenced by travel restrictions and therefore low demand. However, forward bookings and demand continue to show a positive increase as a greater number of markets unlock and ease restrictions. In July, the number of aircraft and routes will gradually increase.
Amadeus’ Traveler ID brings speed and clarity to the self-service check-in process by enabling the verification of health documentation
Geir Karlsen has been appointed new CEO of Norwegian Air Shuttle ASA ("Norwegian"). Karlsen succeeds Jacob Schram. The appointment will be effective June 21st 2021.
Norwegian's traffic figures for May continue to be affected by international travel restrictions and therefore low demand. However, passenger numbers have shown a noticeable increase in volume in line with vaccination roll outs and changes to entry restrictions and quarantine regulations.
Norwegian’s traffic figures for April are impacted by government travel restrictions and therefore low demand.
Norwegian has today updated the market on the forthcoming capital raise. The upper limit for raising capital has been increased to NOK 6 billion. The debt will be sharply reduced and in addition aircraft orders amounting to NOK 85 billion have been cancelled.
The Oslo County Court, today approved Norwegian's reconstruction plan in Norway. Reaching this milestone means that both the group's reconstruction processes in Ireland and Norway have now been approved by the courts. The company will now prepare the process of raising new capital.
Norwegian’s traffic figures for March are impacted by weak demand as a result of international government travel restrictions across our key markets.
Norwegian’s reconstruction process in Ireland, called the Examinership, was today approved by the judge in the Irish High Court. Based on this decision, Norwegian will now send the same proposal for voting in Norway. Following this, the company will start the process of raising capital with the goal of a final resolution by the end of May.
Adrian Dunne will join Norwegian as the company’s new EVP Operations. Dunne has more than thirty years of experience as a leader within the aviation industry.
Today, Norwegian’s financial reconstruction plan was sent to its creditors and shareholders. If the plan is approved by the Irish and Norwegian courts in the coming weeks, the company can continue the reconstruction processes and initiate a capital raise in April, targeting completion in May 2021.
