Tag: Norwegian Airlines

Norwegian to Restart Short Haul Flights from the UK

Norwegian is pleased to announce that in line with other European carriers and as a result of increased customer demand the airline will begin to operate flights between London Gatwick to Oslo, London Gatwick to Copenhagen, Edinburgh to Oslo and Edinburgh to Copenhagen from July 1st. London to O...

Norwegian finalises recapitalisation 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 fulfills criteria for initial NOK 300 million in guarantee from the Norwegian Government

Norwegian fulfills criteria for initial NOK 300 million in guarantee from the Norwegian Government

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 subsequent stock exchange notice from Norwegian Air Shuttle ASA (the “Company” or “Norwegian”). Norwegian is pleased to a...

Update regarding government measures for Norwegian aviation

Update regarding government measures for Norwegian aviation

Norwegian Air Shuttle ASA has is pleased that the Norwegian government has announced a guarantee package of NOK 6 billion ($537 million) that will limit some of the damage to air transportation due to the Covid-19 pandemic. NOK 3 billion of the guarantee package will be allocated to Norwegian...

Norwegian to cancel 85 percent of its flights and layoff 7,300 jobs

Norwegian to cancel 85 percent of its flights and layoff 7,300 jobs

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. “What our industry is now facing is unprecedente...

Norwegian to suspend more than 4000 flights and implement layoffs

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

Norwegian to cancel approximately 3000 flights

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 signi...

Norwegian reports higher unit revenue and lower CO2-emissions in 2019

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 optimisation of the route network have had a positive impact on the figures. In 2019, the capacity, in terms of seat kilometre, was 1...

Norwegian reports increased passenger traffic and higher revenues in September

Norwegian reports increased passenger traffic and higher revenues in September

Norwegian Airlines carried more than 3.3 million passengers in September. The unit revenue increased for the sixth consecutive month and was up by six percent compared to the same month previous year. A total of 3,310,424 passengers chose to fly with Norwegian in September. The total traffic (R...

.