Subjects: Air service
Norwegian finalizes recapitalization and secures state aid
Norwegian confirms that the restructuring is completed and that the state loan guarantee of in total NOK 3 billion has been approved. The company has now converted NOK 12.7 billion of debt to equity and laid a solid foundation for the future, although the next months will remain challenging.
Norwegian Reward Named Airline Loyalty Program of the Year for the Fourth Consecutive Year
Norwegian Reward, the award-winning loyalty program of Norwegian Air, has been named Airline Program of the Year Europe & Africa for the fourth consecutive year. In total, Norwegian Reward scored four Freddie Awards, a new record for the loyalty program, while being runner up in the two remaining categories.
Norwegian’s pilot and cabin crew companies in Sweden and Denmark file for bankruptcy
Due to the ongoing spread of COVID-19 almost all of Norwegian’s flight operations have been cancelled, while the costs for aircrew remain. The pilots and cabin crew in Scandinavia are employed in subsidiaries in the Norwegian Group. Despite the measures that the company has already taken to reduce costs, the Board of these companies are left with no choice but to apply for bankruptcy.
Norwegian aims to strengthen its balance sheet by converting debt to equity; Notice of extraordinary general meeting
Norwegian aims to strengthen its balance sheet by converting debt to equity to meet the requirements of the Norwegian state guarantee program and create a sustainable platform taking into account current shareholders and creditors alike.
Norwegian Air's March traffic figures heavily influenced by COVID-19 measures
The global outbreak of COVID-19 that took hold across the aviation industry throughout March has heavily influenced Norwegian´s traffic figures. The company experienced a dramatic drop in demand following government-imposed travel restrictions and a general travel decline.
Norwegian fulfils criteria for initial NOK 300 million in guarantee from the Norwegian Government
OSLO, NORWAY (MARCH 24, 2020) – Reference is made to the press release by the Norwegian Government on 19 March 2020 regarding the financial measures to support the Norwegian airline industry and the s
Norwegian to cancel 85 percent of its flights and temporarily layoff approximately 7,300 colleagues
The COVID-19 situation is escalating by the hour and due to stagnating demand and enforced travel restrictions by authorities worldwide, Norwegian will gradually cancel most of its flights and temporarily lay off a major share of its workforce.
Corona crisis: Norwegian positive to the government’s tax cut – further measures with immediate liquidity effect are crucial
OSLO, NORWAY (MARCH 13, 2020) – The global spread of coronavirus has had an enormous impact on the global aviation industry. At the beginning of the year, Norwegian expected to deliver a positive resu
Norwegian to suspend more than 4000 flights and implement layoffs
Following the U.S. ban on travel from most of Europe and the escalating coronavirus situation, Norwegian has decided to ground 40 percent of its long-haul fleet and cancel up to 25 percent of its short-haul flights until the end of May. The changes apply to the company’s entire route network.
Norwegian to cancel approximately 3000 flights and implement temporary layoffs due to the effects of COVID-19
Due to the COVID-19 situation, Norwegian is preparing to cancel approximately 3000 flights between mid-March and mid-June. This represents approximately 15 percent of the total capacity for this period. The company has also put several other measures in place, including temporary layoffs of a significant share of its workforce.
Faces of Norwegian: First Officer Tessa Naran
Tessa Naran is a first officer for Norwegian based at London Gatwick.
Norwegian reports higher unit revenue and improved punctuality in February
Norwegian’s traffic figures for February show that the company continues to deliver on its strategy of moving from growth to profitability, with significant improvements in unit revenue and a better punctuality. Due to the COVID-19 virus Norwegian currently experiences reduced demand on some routes and have decided to cancel 22 flights between Europe and the U.S.
Norwegian Air Ranked Largest Foreign Airline in New York City for 2019
NEW YORK, NY (FEBRUARY 25, 2020) –Norwegian Air, the World’s Best Low-Cost Long-Haul Airline, maintained its leadership position as the largest foreign airline in New York City for 2019, after surpass
Norwegian doubles 2019 underlying operating result before ownership costs and achieves cost-reduction target
Norwegian today reported its full year and fourth quarter 2019 results. Year on year, unit revenue increased in nine consecutive months, driven by maturing routes and the optimization of Norwegian's global route network. The punctuality has improved considerably during the past six quarters, and in the fourth quarter 2019 it was up 3.1 percentage points to 82.6 percent.
Norwegian Air Continues to Reduce Emissions Up to 200,000 Tons Per Year with Upgraded Technology
OSLO, NORWAY (FEBRUARY 10, 2020) – Norwegian Air, the World’s Best Low-Cost Long-Haul Airline, continues to reduce emissions with upgraded weather service provided by AVTECH Sweden AB, which offers un
Norwegian reports higher unit revenue, record high punctuality and higher load factor
Norwegian’s traffic figures for January show that the company continues to deliver on its strategy of moving from growth to profitability with significant improvement in unit revenue, load factor and record high punctuality.
Norwegian Air Launches Industry-First Sound-Based Campaign
Norwegian has launched a first-of-its-kind campaign in the travel industry focused on the sounds of a city. The social media campaign aims to promote Norwegian’s destinations and creatively inspire travel through audio senses. The series was created in partnership with content creators Ink, which also publishes the airline’s inflight magazine, n by Norwegian.
Norwegian implements new hand luggage policy
OSLO, NORWAY (JANUARY 23, 2020) – To ensure that everyone travelling with Norwegian Air has a smooth, comfortable flight that departs on time, the company has implemented a new hand baggage policy. Bo
Norwegian wins two coveted accolades at the Airline Economics Aviation 100 Awards
DUBLIN (JANUARY 21, 2020) – Norwegian, the World’s Best Low-Cost Long-Haul Airline, received two coveted accolades at The Aviation 100 Awards held in Dublin, Ireland on January. 20, 2020. The Aviation
Norwegian reports higher unit revenue, better on-time performance and lower CO2-emissions in 2019 – unit revenue increase by 21 percent in December
Norwegian’s traffic figures for 2019 show that the company is delivering on its strategy of moving from growth to profitability. The planned capacity reduction and optimization of the route network have had a positive impact on the figures. More than 36 million passengers chose to travel with Norwegian in 2019.