Norwegian reports passenger growth and improved on-time performance in April

Press releases   •   May 07, 2019 07:00 BST

Norwegian carried more than 3.1 million passengers in April, an increase of three percent compared to the same month previous year. The figures for April are not directly comparable with the same month last year due to the Easter effect. However, the combined development for March and April, is positive.

Norwegian reveals soaring demand for new Dublin-Hamilton flights with 90% seats filled in first month

Press releases   •   May 06, 2019 12:00 BST

Norwegian today reveals that it has recorded soaring demand for its brand-new flights between Dublin and Toronto’s Hamilton Airport.

Norwegian Air Shuttle ASA has entered into an agreement with Norwegian Finans Holding ASA

Press releases   •   May 02, 2019 15:55 BST

Reference is made to the stock exchange announcement issued to the stock exchange 7 December 2018.

Norwegian Air Shuttle (NAS) and Norwegian Finans Holding (NOFI) have entered into an IPR license agreement, giving NAS a one-time payment of NOK 150 million for NOFI’s right to use the Norwegian brand and the airline's logo in Europe outside the Nordics the first five years of the agreement period. Following the initial five-year period, Lilienthal shall pay a license fee of NOK 30 million per year. The license fee is subject to renegotiation after ten years, corresponding to what applies in the similar license to Bank Norwegian for the Nordic countries. In addition, NOFI will transfer NOFI shares to Norwegian at a market value of NOK 150 million. As a compensation for NAS’ shares in Lilienthal Finance Limited, NAS will receive a cash payment of NOK 28 million. Total proceeds will be received during the second quarter of 2019. Simultaneously with entering into the IPR license agreement, NAS has also entered into agreements corresponding to the other agreements entered into with Bank Norwegian for the Nordic region, namely the Reward Agreement, the Facility Credit Card Agreement and the Facility Financing Agreement, also giving NAS right to payments generally corresponding to the payments received by NAS under the same agreements with Bank Norwegian. The commercial terms of these agreements are subject to renegotiation after five years.

«This agreement strengthens Norwegian's shareholders' opportunity to take part in NOFI's international expansion. The cooperation between the airline and the bank has been a great success in the Nordic region through Norwegian Reward, and I have great faith that the bank will also succeed well in new markets in Europe where the airline has already been established», said NAS CFO Geir Karlsen.

«We will continue the good cooperation with NAS and the loyalty program Norwegian Reward about marketing and sales, at the same time as the established Nordic banking business becomes part of the expanded focus in Europe. We believe that the cooperation with Norwegian Reward in Europe outside the Nordics will be as successful as it has been in the Nordic countries, where the bank has close to 1.6 million customers, high profitability and low losses», said NOFI CEO Tine Wollebekk.

For further information about the agreement, please see the stock exchange announcement from NOFI.

For more information, please contact: Geir Karlsen, Chief Financial Officer, phone: +47 916 08 332 Stine Klund, Investor Relations Officer, phone: +47 986 99 259

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 more than 150 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 and 2018.

For more information, visit www.norwegian.com

Norwegian Air Shuttle (NAS) and Norwegian Finans Holding (NOFI) have entered into an IPR license agreement.

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Norwegian Reward Named Airline Loyalty Program of the Year for the Third Consecutive Year

Press releases   •   Apr 26, 2019 10:19 BST

Norwegian Reward, the award-winning loyalty program of Norwegian, has been named Program of the Year Europe & Africa for the third consecutive year at the 2019 Freddie Awards, held in Dallas, Texas. The Norwegian Reward credit card, by Bank Norwegian, was named Best Loyalty Credit Card, Europe & Africa.

Norwegian reports increased revenues and reduced costs for the first quarter

Press releases   •   Apr 25, 2019 06:01 BST

Norwegian today reported its first quarter results. The quarter was characterised by reduced costs, increased revenue and significantly improved on-time performance. The net loss was NOK 1,489 million, while the company’s unit cost excluding fuel decreased by 8 per cent during the same period. The total revenue was NOK 8 billion, up 14 per cent.

Norwegian Passengers have Donated $3 Million to UNICEF

Press releases   •   Apr 23, 2019 16:05 BST

Norwegian wins ‘Best Low-Cost Carrier in Europe’ at the 2019 Passenger Choice Awards™

Press releases   •   Apr 17, 2019 09:30 BST

Norwegian has been named ‘Best Best Low-Cost Carrier in Europe’ at the prestigious 2019 Passenger Choice Awards™. The APEX Passenger Choice Awards represent one of the highest accolades in the industry as winners are directly voted for by passengers and take into account factors such as seat comfort, cabin service, food and beverage, entertainment, and Wi-Fi.

Harvey Milk takes to the skies as Norwegian’s latest tail fin hero

Press releases   •   Apr 16, 2019 13:15 BST

Norwegian is proud to unveil its newest tail fin hero, and eighth American to be immortalised on a Norwegian aircraft: civil rights leader, Harvey Milk. His portrait graces the tail fin of a Norwegian Boeing 787 Dreamliner aircraft.

Niels Smedegaard nominated as Chair of the Board

Press releases   •   Apr 15, 2019 14:08 BST

Norwegian’s Nomination Committee nominates Niels Smedegaard as the company’s new Chair of the Board.

Postponement of delivery of Airbus aircraft

Press releases   •   Apr 10, 2019 15:47 BST

Arctic Aviation Assets DAC, a subsidiary of Norwegian Air Shuttle ASA ("the Company"), is pleased to announce that it has reached an agreement with Airbus S.A.S. for the rescheduling of part of the order book, including both A320neos and A321LRs.

The rescheduling is a result of a dialogue between the Company and Airbus the past months. The postponement is expected to reduce the Company’s capital expenditure commitments by approximately USD 570 million in total for 2019 and 2020.

The postponements are in line with the Company’s strategy of capitalizing on the scale built up over the last few years and the changed focus from growth to profitability. This announcement is an extension of the information provided in the stock exchange announcement “Norwegian strengthens its balance sheet through a fully underwritten rights issue of NOK 3 billion” on 29 January, where postponement of aircraft deliveries was highlighted as a measure to reduce capital expenditures, in addition to aircraft divestments.

For more information, please contact: 

Geir Karlsen, Chief Financial Officer, phone: +47 916 08 332 

Stine Klund, Investor Relations Officer, phone: +47 986 99 259

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 more than 150 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 and 2018.

For more information, visit www.norwegian.com

​Arctic Aviation Assets DAC, a subsidiary of Norwegian Air Shuttle ASA ("the Company"), is pleased to announce that it has reached an agreement with Airbus S.A.S. for the rescheduling of part of the order book, including both A320neos and A321LRs.

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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 and 2018.

For more information, visit www.norwegian.com

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