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Norwegian - On Air episode #7: CFO Geir Karlsen

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Norwegian - On Air episode #7: CFO Geir Karlsen

What does Norwegian’s CFO, Geir Karlsen, have to say about the performance, financial position and the outlook for the company?

In this episode, Geir takes a longer view than the quarterly updates, talks about financing of the aircraft order and how the fleet represents significant assets and gives the flexibility needed to realize the company’s global growth strategy. Specifically, he talks about the importance of a continuous fleet renewal to always operate modern and fuel-efficient aircraft. He also shares his reflections on the option to divest up to 140 aircraft, either by leasing or selling to other companies. Lastly, he explains that the growth now will start to abate and what is needed to turn growth into a sustainable profitability.

Link to the video we mention in the episode:

The podcast series is available though iTunes, podcast apps, Norwegian's IR site and Soundcloud.



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 2017, Norwegian carried around 33 million passengers. Norwegian has more than 10,000 employees and a modern, environmentally friendly fleet of more than 150 aircraft with an average age of 3.6 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’ four times from 2015-2018.

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Norwegian is the largest Norwegian airline and one of Europe’s leading low-cost carriers. The company has around 4,500 employees and offers a comprehensive route network between Nordic countries and destinations in Europe. Since 2002, more than 300 million passengers have flown with Norwegian. The most important task has been to offer affordable plane tickets to all and to offer more freedom of choice along the journey.

Norwegian is a driving force for sustainable solutions and the transformation of the aviation industry. The company’s goal is to reduce its CO2 emissions by 45 percent within 2030. To this means, the company is renewing its fleet, promoting sustainable aviation fuel, reducing its waste, and using wind and weather data to calculate the most efficient fuel-saving flights routes. Norwegian wants to become the sustainable choice for its passengers.