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 … Business • 21 Jun 21
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 … Business • 26 May 21
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 … Business • 11 Mar 21
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 … Business • 26 Feb 21
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 … Business • 17 Dec 20
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 … Business • 08 Dec 20
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 … Business • 10 Nov 20
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 … Business • 09 Nov 20
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 … Business • 28 Aug 20
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 … Business • 17 Jun 20
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 … 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 … 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 … Business • 01 May 20
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
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, … Business • 06 Feb 20
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 … Business • 07 Jan 20
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, … Business • 20 Nov 19
