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Norwegian's board voted yesterday to end the tenure of its CEO Jacob Schram

Norwegian Air appoints Karlsen as new CEO

Norwegian Air has sacked chief executive Jacob Schram who led the budget carrier through restructuring and said it was promoting Chief Financial Officer Geir Karlsen to the top job with immediate effect.

Business • 21 Jun 21

Norwegian Air said it had raised $721m in fresh capital, more than enough to meet the minimum requirement set by bankruptcy courts in Dublin and Oslo

Norwegian Air reinvents itself as regional carrier

Norwegian Air emerged from six months of bankruptcy protection today with a smaller fleet and its debt almost wiped out but also facing stronger competition and lingering uncertainty wrought by the pandemic.

Business • 26 May 21

If approved, the scheme of arrangement will enable Norwegian to raise new capital and emerge from bankruptcy protection in Ireland and Norway

Norwegian Air makes final restructuring offer

Norwegian Air has submitted its final restructuring offer to creditors in what the budget airline said was a major step in its plan to slash debt and reduce its fleet to survive the coronavirus pandemic.

Business • 11 Mar 21

Last year Norwegian Air received protection from bankruptcy in both Norway and Ireland, where most of its assets are registered

Norwegian Air posts $1.5 billion impairment loss

Norwegian Air has booked an impairment loss of 12.8 billion Norwegian crowns ($1.50 billion) in the fourth quarter related to owned and leased aircraft as well as pre-delivery payments on terminated aircraft orders.

Business • 26 Feb 21

Norwegian Air's shareholders have today endorsed the airline's financial rescue plan

Norwegian Air shareholders back restructuring plan

Norwegian Air's shareholders endorsed the airline's financial rescue plan today in a series of votes, one of several hurdles the heavily indebted company must clear to survive the Covid-19 pandemic.

Business • 17 Dec 20

Norwegian Air's chief executive Jacob Schram

Norwegian Air gets additional creditor protection

Norwegian Air was given additional creditor protection by a court in Norway today on top of that granted by an Irish judge yesterday, allowing the cash-strapped airline's restructuring efforts to continue.

Business • 08 Dec 20

Norwegian Air's operating loss stood at 2.8 billion crowns in the third quarter, down from a profit of 3 billion the same time in 2019

Norwegian Air says it could run out of cash in 2021

Pandemic-hit Norwegian Air could run out of cash in the first quarter of 2021 unless it secures fresh funding, the budget carrier said while reporting third-quarter results today.

Business • 10 Nov 20

Norwegian Air CEO Jacob Schram said the airline will 'need ventilator support to get through the winter'

Norwegian Air to furlough additional 1,600 staff

Pandemic-hit Norwegian Air faces a battle for survival this winter, it said today after the country's government declared that it will not provide additional financial support for the cash-strapped carrier.

Business • 09 Nov 20

Norwegian Air posted a half year net loss of 5.4 billion Norwegian crowns, compared with a loss of 1.4 billion crowns the same time last year

Norwegian Air aiming to secure more cash this year

Norwegian Air still needs more cash in order to weather the Covid-19 pandemic, the budget carrier said today, as it reported a deep loss for the first half of 2020.

Business • 28 Aug 20

About 200 Norwegian Air pilots and 400 cabin crew being brought back from layoffs

Norwegian Air brings back more crew and aircraft

Norwegian Air will resume flights on 76 routes halted during the coronavirus outbreak and bring back into service 12 of its mothballed aircraft on top of the eight already flying, as European countries reopen and demand for flights rises.

Business • 17 Jun 20

Norwegian Air has grounded most of its fleet due to the Covid-19 outbreak

Norwegian Air seeks approval to raise cash quickly

Norwegian Air, which has grounded most of its fleet due to the Covid-19 outbreak, is seeking approval from shareholders to potentially issue more shares at short notice as part of its recovery plan.

Business • 09 Jun 20

Norwegian Air's Q1 loss widens as carrier eyes reboot

Norwegian Air has today posted a wider first-quarter loss as the coronavirus crisis froze global travel, days after completing a financial rescue in which creditors took control of the carrier.

Business • 28 May 20

Norwegian Air's fate hangs in the balance

The fate of Norwegian Air was in the balance today after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline.

Business • 01 May 20

Norwegian Air said it will cancel 85% of its flights in the time ahead

Norwegian Air's March traffic tumbles 60% amid lockdown

Norwegian Air's passenger volume fell by 60% year-on-year in March as it grounded planes amid efforts to halt the spread of the new coronavirus.

Business • 06 Apr 20

Newly appointed Norwegian Air chief executive Jacob Schram

Norwegian Air's January passenger income jumps

Norwegian Air cut its capacity by a bigger-than-expected 29% in January from a year earlier, removing unprofitable routes while boosting its income from remaining flights, its traffic data showed today.

Business • 06 Feb 20

Norwegian Air's recently appointed CEO Jacob Schram

Norwegian Air makes progress on turnaround plan

Norwegian Air cut its capacity by a quarter in December, removing loss-making routes as it made headway on its plan to regain profitability, traffic data from the budget carrier showed today.

Business • 07 Jan 20

Loss-making Norwegian Air names Jacob Schram as its new CEO

Loss-making Norwegian Air appoints new CEO

Loss-making Norwegian Air has appointed Jacob Schram as chief executive to take charge of the budget carrier's ongoing restructuring as it struggles with a low-cost, long-haul model in an overcrowded industry.

Business • 20 Nov 19

Jacob Schram