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Norwegian presents update of indicative plan for exit from Irish examinership and Norwegian reconstruction processes

Press releases   •   Feb 19, 2021 14:13 GMT

The Company is working with the Examiner and the Reconstructor with a view to commencing the legal steps required to implement the proposed Restructuring, including the issuance of a scheme of arrangement by the Examiner as soon as possible, with a view to the Capital Raise commencing in late March/early April, with the subscription period in mid-April and target closing end of April.

COVID-19 heavily influences Norwegian’s January traffic figures

COVID-19 heavily influences Norwegian’s January traffic figures

Press releases   •   Feb 04, 2021 07:01 GMT

Norwegian’s traffic figures for January are heavily influenced by lower demand caused by continued travel restrictions across Europe.

Norwegian Air Shuttle ASA (NAS) - Presentation for creditors
Norwegian appreciates support from the Norwegian Government

Norwegian appreciates support from the Norwegian Government

Press releases   •   Jan 21, 2021 07:29 GMT

Norwegian is pleased to announce that the government of Norway has decided to support and contribute to the airline’s funding of new capital, pending certain conditions. This move significantly increases Norwegian’s chances of working through the crisis caused by the pandemic and to position itself as a key player within Norwegian and European aviation.

Publication of listing prospectus

Press releases   •   Jan 15, 2021 08:27 GMT

The NFSA has approved the Listing Prospectus which is available at the Company’s website, https://www.norwegian.no/om-oss/selskapet/investor-relations/. The Listing Prospectus has been prepared for the purpose of listing of the Perpetual Bonds and the Shares only, and no securities are being offered pursuant to the Listing Prospectus.

Norwegian to focus on a strong European network

Norwegian to focus on a strong European network

Press releases   •   Jan 14, 2021 07:32 GMT

Norwegian’s Board of Directors has today outlined a simplified business structure and dedicated short haul route network. With this plan, Norwegian can build a robust and solid company that will attract investors and continue to serve new and existing customers.

Norwegian’s traffic figures heavily impacted by COVID-19

Norwegian’s traffic figures heavily impacted by COVID-19

Press releases   •   Jan 07, 2021 07:00 GMT

Norwegian’s traffic figures for December are heavily influenced by lower demand caused by continued travel restrictions across Europe. However, Christmas bookings were positive.

Norwegian initiates reorganisation process in Norway

Norwegian initiates reorganisation process in Norway

Press releases   •   Dec 08, 2020 06:47 GMT

Norwegian has today filed for a reconstruction under Norwegian law. This process will coexist with the Irish Examinership process.

COVID-19 continues to impact Norwegian’s traffic figures

COVID-19 continues to impact Norwegian’s traffic figures

Press releases   •   Dec 04, 2020 07:02 GMT

Norwegian’s traffic figures for November are heavily influenced by lower demand caused by continued travel restrictions across Europe. Christmas bookings look promising.

Norwegian initiates a reorganisation plan with its daughter companies Norwegian Air International and Arctic Aviation Assets seeking protection under Irish Examinership

Norwegian initiates a reorganisation plan with its daughter companies Norwegian Air International and Arctic Aviation Assets seeking protection under Irish Examinership

Press releases   •   Nov 18, 2020 15:40 GMT

Norwegian Air Shuttle ASA (“Norwegian”) has decided to initiate an examinership process in Ireland relating to its subsidiary Norwegian Air International Limited (NAI), its wholly-owned asset company Arctic Aviation Assets DAC (AAA) and some of AAA’s subsidiaries; Norwegian will also enter in and get protection of the Irish Examinership process as a related party.

Norwegian forced to furlough an additional 1,600 employees following the government’s decision not to give further support

Norwegian forced to furlough an additional 1,600 employees following the government’s decision not to give further support

Press releases   •   Nov 09, 2020 17:25 GMT

Norwegian forced to furlough employees and reduce capacity considerably following the government’s decision to not support the company financially to get through the corona crisis while simultaneously imposing travel restrictions that actively discourage passengers from travelling. Norwegian needs to keep its running costs to a minimum, while the company continues to work on solutions to survive.

Norwegian is very disappointed about lack of government support

Norwegian is very disappointed about lack of government support

Press releases   •   Nov 09, 2020 07:03 GMT

The government of Norway today announced that Norwegian will not receive further financial support, which Norwegian had clearly communicated was necessary to maintain operations throughout the Covid-19 crisis. The company is now facing a very uncertain future, but we will do everything in our power to get through this crisis and to continue doing what Norwegian has been doing for almost 20 years

COVID-19 continues to heavily impact Norwegian’s traffic figures

COVID-19 continues to heavily impact Norwegian’s traffic figures

Press releases   •   Nov 05, 2020 07:00 GMT

Norwegian’s traffic figures for October are heavily influenced by lower demand caused by continued travel restrictions across Europe, with several new red zones.

Norwegian is voted Europe’s Leading Low- Cost Airline 2020 for 6th consecutive year

Norwegian is voted Europe’s Leading Low- Cost Airline 2020 for 6th consecutive year

Press releases   •   Nov 02, 2020 07:48 GMT

Norwegian has been named Europe’s Leading Low-Cost Airline 2020 for the sixth consecutive year at the 27th annual World Travel Awards, one of the travel industry's most prestigious awards.

COVID-19 heavily impacts Norwegian’s September traffic figures

COVID-19 heavily impacts Norwegian’s September traffic figures

Press releases   •   Oct 06, 2020 07:00 BST

Norwegian’s traffic figures for September are heavily influenced by lower demand caused by new and stricter travel restrictions across Europe.

Norwegian commits to reduce CO2 emissions by 45 percent by 2030

Norwegian commits to reduce CO2 emissions by 45 percent by 2030

Press releases   •   Sep 17, 2020 09:00 BST

Today Norwegian has launched a new environmental sustainability strategy that will begin immediately and deliver several industry leading targets. Cutting CO2 emissions by 45 percent, remove all non-recyclable plastics and recycle all single-use plastics are key commitments in the new strategy. The goal is in line with the 1.5°C target set forth in the Paris Agreement.

Norwegian August 2020 traffic figures heavily influenced by travel restrictions and drop in demand

Norwegian August 2020 traffic figures heavily influenced by travel restrictions and drop in demand

Press releases   •   Sep 04, 2020 07:00 BST

Norwegian’s traffic figures for August are heavily influenced by the COVID-19 outbreak and the subsequent travel restrictions and drop in demand. In August, capacity was 94% lower than last year, while the flights that were operated had a load factor of 62.1%.

Norwegian strongly affected by COVID-19 – 71 percent passenger decline, 8,000 furloughed or laid off employees and 140 grounded aircraft

Norwegian strongly affected by COVID-19 – 71 percent passenger decline, 8,000 furloughed or laid off employees and 140 grounded aircraft

Press releases   •   Aug 28, 2020 06:00 BST

Norwegian today reported its results for the first half year of 2020. The figures are as expected heavily impacted by the COVID-19 pandemic with a net loss of NOK 5.3 billion. During the first half of 2020, 5.31 million customers travelled with the company; a decrease of 71 percent compared to the same period last year.

Invitation to presentation of Norwegian's Second quarter report

Press releases   •   Aug 13, 2020 09:59 BST

Norwegian has scheduled a presentation of the interim report for the second quarter and first half year 2020 on Friday 28 August and invite to a presentation and live stream at 08:30 CET.

Tor-Arne Fosser joins Norwegian as new Executive Vice President of the Airline Ecosystem department

Tor-Arne Fosser joins Norwegian as new Executive Vice President of the Airline Ecosystem department

Press releases   •   Jul 03, 2020 07:01 BST

Tor-Arne Fosser will join Norwegian as Executive Vice President (EVP) Airline Ecosystem from October 1, 2020. He is currently the Chief Marketing Officer for Telenor Denmark.