Bondholders vote in favour of Norwegian’s proposed amendments to its two unsecured bonds NAS07 and NAS08
Press releases • Sep 16, 2019 13:01 BST
On 16 September 2019, separate bondholders’ meetings were held in NAS07 and NAS08 and both meetings voted in favour for the proposed amendments with sufficient majority.
Press releases • Sep 05, 2019 07:00 BST
Norwegian carried more than 3.5 million passengers in August. The unit revenue increased by three percent and the load factor was 90 percent, up 0.4 percentage points.
Press releases • Sep 03, 2019 09:36 BST
Flights to South America available from just £199.90 one-way Fly to Europe from £28.90 one-way in the sale
Press releases • Sep 02, 2019 07:39 BST
Norwegian Air Shuttle (“NAS” or the “Company”) is executing on its strategic plan from growth to profitability and cash generation. To ensure successful operations and adequate liquidity headroom, NAS is requesting to extend the maturity dates of its two unsecured bonds in exchange of a security package backed by the attractive take-off and landing slots at London Gatwick Airport.
Press releases • Aug 13, 2019 15:10 BST
Matthew Wood, SVP Long-Haul Commercial at Norwegian said:
“As the airline moves from growth to profitability, we have conducted a comprehensive review of our transatlantic operations between Ireland and North America and considering the grounding of the Boeing 737 MAX aircraft, we have concluded that these routes are no longer commercially viable.
“We take a strict approach to route management and constantly evaluate route performance to ensure we meet customer demand. Compounded by the global grounding of the 737 MAX and the continued uncertainty of its return to service, this has led us to make the difficult decision to discontinue all six routes from Dublin, Cork and Shannon to the US and Canada from 15 September 2019.
“Since March, we have tirelessly sought to minimise the impact on our customers by hiring (wetleasing) replacement aircraft to operate services between Ireland and North America. However, as the return to service date for the 737 MAX remains uncertain, this solution is unsustainable.
“We are assisting customers by ensuring they can still get to their destination by rerouting them onto other Norwegian services. Customers will also be offered a full refund if they no longer wish to travel. We will continue to offer scheduled services from Dublin to Oslo, Stockholm and Copenhagen as normal.
“We are proactively engaging with our pilots and cabin crew at our Dublin base, including their respective unions, to ensure that redundancies remain a last resort.
“Our 80 Dublin-based administrative staff at Norwegian Air International and Norwegian Group’s asset company, Arctic Aviation Assets, will not be affected by the route closures.
“We would like to thank Dublin, Cork and Shannon airports in addition to New York Stewart, Providence and Hamilton airports, tourism partners and our colleagues and customers for supporting Norwegian’s transatlantic expansion from Ireland since 2017.”
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
- In 2017, Norwegian also launched affordable transatlantic flights from Dublin, Cork and Shannon to the US East Coast.
- 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
As the airline moves from growth to profitability, we have conducted a comprehensive review of our transatlantic operations between Ireland and North America and considering the grounding of the Boeing 737 MAX aircraft, we have concluded that these routes are no longer commercially viable.
Press releases • Jul 11, 2019 06:35 BST
After 17 years as the CEO of Norwegian Air Shuttle, Bjørn Kjos (72) will leave the position and continue in a new role as an advisor to the Chairman, with effect from July 11th. Until Norwegian appoints a new CEO, CFO Geir Karlsen (54) will act as interim CEO, while Chairman Niels Smedegaard (57) will take on a more active role in the management.
Press releases • Jul 11, 2019 06:01 BST
Norwegian’s second quarter results are characterised by reduced growth and improved profitability, in line with the company’s strategy. Despite the reduced production growth and grounding of the Boeing 737 MAX aircraft, the underlying operating result before ownership costs more than doubled from the same quarter in 2018.
Norwegian celebrates five years of low-cost long-haul at London Gatwick with 15% reduced fares from under £140
Press releases • Jul 04, 2019 09:00 BST
Norwegian today marks five years of operating long-haul flights at London Gatwick which has transformed the transatlantic market and benefitted UK consumers with lower fares.
Press releases • Jul 04, 2019 07:00 BST
Norwegian carried almost 3.5 million passengers in June. The company’s unit revenue improved by 10 percent compared to the same month previous year.
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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... Show more
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