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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

The Norwegian case was one of the biggest and most complicated examinerships in the history of the state

High Court approves survival plan for Norwegian

The High Court has approved a survival plan for the troubled Norwegian Air airline and related companies.

Business • 22 Apr 21

Norwegian Air has been going through examinership in Ireland

Norwegian Air to raise more fresh capital than planned

Norwegian Air now aims to raise up to 6bn crowns in fresh capital, up from a planned 4.5bn, to bolster its resources before emerging from bankruptcy protection next month as the pandemic continues to curb travel.

Business • 14 Apr 21

The High Court here has already approved Norwegian Air's restructuring scheme in a parallel process

Norwegian Air wins approval in Norway for restructuring

Creditors have voted in favour of Norwegian Air's restructuring proposal in Norway, the company said today, clearing yet another hurdle for the airline on its path to emerge from bankruptcy protection.

Business • 12 Apr 21

Norwegian now plans to cut its fleet to 53 jets, from 140 before the pandemic

High Court approves Norwegian Air restructuring scheme

The High Court has cleared the way for Norwegian Air to raise new capital and emerge from bankruptcy protection in Ireland and Norway in May by approving the airline's restructuring scheme.

Business • 26 Mar 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

Norwegian last year unilaterally terminated its remaining orders with Boeing for 97 planes

Norwegian Air seeks to repudiate Boeing contracts

Norwegian Air is seeking to repudiate three aircraft sales contracts with Boeing as part of its restructuring process in Ireland, a lawyer representing the airline told the High Court in Dublin today.

Business • 05 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 last year won protection from bankruptcy in both Norway and Ireland, where most of its assets are registered

Norwegian Air and Airbus agree terms to end jet orders

Norwegian Air and jet maker Airbus have agreed on terms to repudiate the carrier's contract for new aircraft, lawyers representing the two firms told the High Court in Dublin today.

Business • 24 Feb 21

Norwegian Air has been given protection from bankruptcy in both Norway and Ireland

High Court grants extension to Norwegian restructuring

Norwegian Air's chances of surviving the pandemic were given a boost today when the High Court granted an extension to its protection from creditors following a request from the official overseeing the process.

Business • 22 Jan 21

Norwegian Air has been forced to ground all but six of its 138 aircraft due to the coronavirus crisis

Norwegian Air to get financial backing from government

Norway is willing to take part in the refinancing of Norwegian Air, Industry Minister Iselin Nyboe said in a statement today, without indicating how much the government would contribute.

Business • 21 Jan 21

Norwegian Air is to focus on a scaled-down European business as it cuts it long-haul operations

Norwegian Air to close long-haul service

Norwegian Air plans to close its long-haul operation and focus instead on a scaled-down European business as it seeks to contend with the coronavirus crisis and complete its debt restructuring, the budget carrier said today.

Business • 14 Jan 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

The airline applied for the appointment of an examiner last month

High Court confirms examiner appointment to Norwegian

The High Court has granted creditor protection to Norwegian Air and its Irish subsidiaries, allowing the Oslo-based airline more time to restructure its massive debt.

Business • 07 Dec 20

Norwegian Air has recently applied for bankruptcy protection in the Irish High Court

Norwegian Air aims to restructure, sell planes & shares

Norwegian Air has today proposed to convert debt to equity, offload planes and sell new shares in an attempt to survive the Covid-19 pandemic, which has brought the company to its knees.

Business • 03 Dec 20

The airline's aircraft assets are held in Ireland

Norwegian Air seeking examinership in High Court

Norwegian Air has asked the Irish High Court to oversee a restructuring of its massive debt as it seeks to stave off collapse amid the coronavirus pandemic, the airline said.

Business • 18 Nov 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 flew 313,316 passengers during August compared to 3.5 million the same time last year

Norwegian Air's August traffic down 91% year-on-year

Norwegian Air, which is attempting to secure a second round of financial restructuring, said it saw a 91% decline in August passenger volume from a year earlier as most of its fleet remained grounded by the coronavirus pandemic.

Business • 04 Sep 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

Norwegian Air said it flew 113,000 passengers last month compared to 3.48 million the same month last year

Norwegian Air's June traffic down 97%

Norwegian Air's June passenger numbers fell by 96.7% from a year earlier as most of its fleet remained grounded by the coronavirus pandemic, it said today.

Business • 06 Jul 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