Norwegian has raised new capital

Press releases   •   Nov 06, 2019 13:11 GMT

Norwegian has raised NOK 2.5 billion in gross proceeds through a private placement and a convertible bond issue of USD 150 million. After the completion of the transactions, Norwegian is fully funded through 2020 and beyond.

Norwegian reports higher load factor and unit revenue in October

Press releases   •   Nov 05, 2019 15:48 GMT

Norwegian’s traffic figures for October shows an increased unit revenue for the seventh consecutive month and was up six percent compared to the same month previous year. The load factor was up by more than two percent.

Norwegian’s new route to Bergen from Manchester takes off

Press releases   •   Oct 28, 2019 14:18 GMT

Airline commences twice-weekly service with fares from £43.90 one-way

Norwegian reports its best ever quarterly result with a profit before tax of NOK 2.2 billion

Press releases   •   Oct 24, 2019 06:00 BST

Norwegian’s third quarter results are characterised by improved profitability, higher unit revenue, lower unit cost and reduced growth, in line with the strategy. Profit before tax improved by 38 percent to NOK 2.2 billion compared to the same quarter last year.

Norwegian to establish a joint venture for parts of its aircraft fleet with China Construction Bank Leasing Corporation

Press releases   •   Oct 24, 2019 05:24 BST

The purpose of the joint venture (JV) between Norwegian and China Leasing International Corporation DAC (CCBLI) will be to finance, own and lease aircraft that Norwegian has on order. The agreement will strengthen Norwegian’s financials considerably.

Initially, the JV comprises 27 Airbus A320 NEO aircraft to be delivered from 2020 to 2023. CCBLI will also provide aircraft financing for aircraft within the JV.

CCBLI is a 100% owned subsidiary of China Construction Bank Corporation, an industry leader in banking, financial services and leasing, and the world’s second largest bank by asset value. CCBLI will be the majority owner of the JV with a 70% share, with Norwegian, through its wholly owned subsidiary Arctic Aviation Assets DAC, holding the remaining 30%.

In addition to a positive equity effect, the JV will reduce Norwegian’s committed capital expenditure by approximately USD 1.5 billion based on the initial 27 aircraft. Aircraft deliveries to the JV will commence in Q1 2020. CCBLI has committed to provide senior debt financing to the JV for the 27 aircraft.

“Following several months of negotiations, I’m very pleased to announce that we have reached an agreement with CCBLI to establish a joint venture for an initial 27 Airbus A320 NEO aircraft. This agreement will contribute significantly to reducing our current and future capital expenditure. The JV is one of many important initiatives that need to be realized to deliver on our strategy of moving from growth to profitability,” said Acting CEO Geir Karlsen of Norwegian.

“I am convinced that CCBLI with its professionalism, financial strength and capabilities will be an excellent partner for Norwegian going forward. This JV is an important first step in building a strong strategic partnership between our two companies,” Karlsen added.

“We have during the past year developed a good relationship to Norwegian, including two already executed transactions and we are very much looking forward to continue to build on this relationship through this JV, said Kevin MI, head of Aviation,” CCBLI.   

Norwegian in the UK and Ireland:

  • Norwegian carries almost 6 million UK passengers each year from London Gatwick, Edinburgh and Manchester Airports to 30 destinations worldwide
  • Norwegian is the third largest airline at London Gatwick, with 4.6 million yearly passengers, and with more than 1,500 UK-based pilots and cabin crew
  • In 2014, Norwegian introduced the UK’s first low-cost, long haul flights to the U.S. - the airline now flies to 12 U.S destinations, Buenos Aires and Rio de Janeiro from London Gatwick
  • Norwegian is the only airline to offer free inflight WiFi on UK flights to more than 30 European destinations and 14 long-haul destinations.
  • The airline has one of the youngest aircraft fleets in the world with an average age of 3.8 years, including next-generation Boeing 787 Dreamliner, Boeing 737 MAX and Boeing 737-800s
  • Norwegian has been voted ‘Europe’s best low-cost carrier’ by passengers for six consecutive years at SkyTrax World Airline Awards from 2013-2018, along with being awarded the ‘World's best low-cost long-haul airline’ in 2015, 2016, 2017, 2018 and 2019
  • Norwegian Reward is the airline's free to join award-winning loyalty programme offering members CashPoints and Rewards that reduce the cost of Norwegian flights

The purpose of the joint venture (JV) between Norwegian and China Leasing International Corporation DAC (CCBLI) will be to finance, own and lease aircraft that Norwegian has on order. The agreement will strengthen Norwegian’s financials considerably.

Read more »

Norwegian adds new tool to reduce CO2 emissions by 140,000 tons per year

Press releases   •   Oct 23, 2019 09:53 BST

Reducing CO2 emissions is one of the most important tasks for the aviation industry. Using new technology and new, modern aircraft, Norwegian has reduced emissions by 30 percent since 2008. With the new ‘SkyBreathe’ tool, emissions can be reduced by 140,000 tons per year.

Norwegian and JetBlue Announce Intent for Partnership

Press releases   •   Oct 17, 2019 16:10 BST

Norwegian and JetBlue have signed a Letter of Intent for an interline agreement. The partnership will allow customers to combine low fares in a convenient single booking for connecting flights between Europe and the Americas.

Norwegian announces more capacity on key UK - US routes for Summer 2020

Press releases   •   Oct 11, 2019 09:03 BST

Norwegian today announced frequency increases between London Gatwick and key US destinations such as San Francisco and Tampa in response to demand. The increases will take affect from 29th March 2020 and run throughout the summer 2020 schedule.

Norwegian reports increased passenger traffic and higher revenues in September

Press releases   •   Oct 04, 2019 07:00 BST

Norwegian 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.

Norwegian’s loyalty programme reaches 10 million members – three new members every minute

Press releases   •   Sep 27, 2019 12:07 BST

Norwegian’s loyalty programme, Norwegian Reward, has reached 10 million members. So far in 2019, more than three new members signed up to the loyalty programme every minute.

Contacts 2 contacts

  • Press Contact
  • prusesgesUfpK@pcnothrwjhegqfiamkn.uwcomnmxn
  • +44 (0)20 3874 6100
  • For customer service: 0330 8280854
The UK press office is available 9am to 5pm from Monday to Friday. We can assist with lead in fares, UK flight information, corporate news and aviation commentary.

  • Press Contact
  • Marketing/sponsorship requests: marketing@norwegian.com

About Norwegian

Norwegian.com

Norwegian is a listed company on the Oslo Stock Exchange and is the world's fifth largest low-cost airline operating 500 routes to 150 destinations in Europe, North Africa, Middle East, Thailand, Caribbean, the U.S and South America. In 2018, Norwegian carried more than 37 million passengers. Norwegian has 11,000 employees and a modern, environmentally friendly fleet of around 170 aircraft with an average age of 3.8 years. Norwegian has been voted ‘Europe’s best low-cost carrier’ by passengers for six consecutive years at SkyTrax World Airline Awards from 2013 - 2018, along with being awarded the ‘World's best low-cost long-haul airline’ in 2015, 2016, 2017,2018 and 2019.

For more information, visit www.norwegian.com

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