Press releases • May 20, 2020 14:45 BST
CEO Jacob Schram today announces the new management structure in Norwegian. The biggest changes involve two distinct commercial units in the Group, greater employee and customer focus, more efficient operation and, not least, an organization that facilitates broad cooperation across the business.
Press releases • May 20, 2020 08:26 BST
Norwegian confirms that the restructuring is completed and that the state loan guarantee of in total NOK 3 billion has been approved. The company has now converted NOK 12.7 billion of debt to equity and laid a solid foundation for the future, although the next months will remain challenging.
Press releases • Apr 20, 2020 12:03 BST
The pilots and cabin crew in Scandinavia are employed in subsidiaries in the Norwegian Group. Unfortunately, despite the measures that the company has already taken to reduce costs, the Board of these companies are left with no choice but to apply for bankruptcy.
Press releases • Apr 09, 2020 09:23 BST
Airline Crew from across the industry have come together to form Project Wingman to support the well-being of frontline NHS staff during the COVID-19 outbreak.
Press releases • Apr 08, 2020 14:41 BST
Norwegian Air Shuttle ASA (NAS) – Norwegian aims to strengthen its balance sheet by converting debt to equity to meet the requirements of the Norwegian state guarantee program and create a sustainable platform taking into account current shareholders and creditors alike.
Press releases • Apr 06, 2020 07:01 BST
The global outbreak of COVID-19 that took hold across the aviation industry throughout March has heavily influenced Norwegian´s traffic figures. The company experienced a dramatic drop in demand following government-imposed travel restrictions and a general travel decline.
Press releases • Mar 24, 2020 07:02 GMT
Norwegian is pleased to announce that two Nordic banks have obtained credit committee approval to provide a guarantee for the required 10 percent for the first tranche of NOK 300 million. Norwegian will secure the necessary headroom to pursue further guarantees from the Norwegian Government.
Press releases • Mar 16, 2020 13:21 GMT
The COVID-19 situation is escalating by the hour and due to stagnating demand and enforced travel restrictions by authorities worldwide, Norwegian will gradually cancel most of its flights and temporarily lay off a major share of its workforce.
Corona crisis: Norwegian positive to the government’s tax cut – further measures with immediate liquidity effect are crucial
Press releases • Mar 13, 2020 13:38 GMT
The company is continuously working to reduce costs even further. However, the corona crisis has now led to the need of powerful and extraordinary measures from the government.
Press releases • Mar 12, 2020 16:36 GMT
Following the U.S. ban on travel from most of Europe and the escalating coronavirus situation, Norwegian has decided to ground 40 percent of its long-haul fleet and cancel up to 25 percent of its short-haul flights until the end of May. The changes apply to the company’s entire route network.
Norwegian to cancel approximately 3000 flights and implement temporary layoffs due to the effects of COVID-19
Press releases • Mar 10, 2020 12:03 GMT
Due to the COVID-19 situation, Norwegian is preparing to cancel approximately 3000 flights between mid-March and mid-June. This represents approximately 15 percent of the total capacity for this period. The company has also put several other measures in place, including temporary layoffs of a significant share of its workforce.
Press releases • Mar 05, 2020 07:28 GMT
Norwegian’s traffic figures for February show that the company continues to deliver on its strategy of moving from growth to profitability, with significant improvements in unit revenue and a better punctuality. Due to the COVID-19 virus Norwegian currently experiences reduced demand on some routes and have decided to cancel 22 flights between Europe and the U.S.
Press releases • Mar 02, 2020 11:03 GMT
Norwegian has maintained its leadership position as the largest foreign airline in New York City for 2019, after surpassing Air Canada in February 2019, according to the Port Authority of New York and New Jersey’s (PANYNJ) year-end traffic statistics. For full-year 2019, Norwegian handled 2,057,284 customers in New York City.
Norwegian doubles 2019 underlying operating result before ownership costs and achieves cost-reduction target
Press releases • Feb 13, 2020 06:01 GMT
Norwegian today reported its full year and fourth quarter 2019 results. Year on year, unit revenue increased in nine consecutive months, driven by maturing routes and the optimisation of Norwegian's global route network. The punctuality has improved considerably during the past six quarters, and in the fourth quarter 2019 it was up 3.1 percentage points to 82.6 percent.
Press releases • Feb 07, 2020 10:49 GMT
Norwegian continues to reduce emissions with new technology and new aircraft. The upgraded weather service provided by AVTECH Sweden AB, can reduce CO2 emissions by an additional 10,000 – 15,000 tons per year. In the past few years.
Press releases • Feb 06, 2020 07:00 GMT
Norwegian’s traffic figures for January show that the company continues to deliver on its strategy of moving from growth to profitability with significant improvement in unit revenue, load factor and record high punctuality.
Press releases • Jan 24, 2020 13:19 GMT
To ensure that everyone travelling with Norwegian has a smooth, comfortable flight that departs on time, the company is today implementing a new hand baggage policy. Bookings made before January 23rd will not be affected by the new policy.
Press releases • Jan 21, 2020 10:05 GMT
Airline wins CFO / Treasury Team of the Year and the Aviation 100 Equity Deal of the Year. Norwegian recognised for multiple milestones throughout 2019 as airline continues strategic change moving from growth to profitability
Norwegian reports higher unit revenue, better on-time performance and lower CO2-emissions in 2019 – unit revenue increase by 21 percent in December
Press releases • Jan 07, 2020 07:01 GMT
Norwegian’s traffic figures for 2019 show that the company is delivering on its strategy of moving from growth to profitability. The planned capacity reduction and optimisation of the route network have had a positive impact on the figures. More than 36 million passengers chose to travel with Norwegian in 2019.