Norwegian initiates a reorganization plan with its daughter companies Norwegian Air International and Arctic Aviation Assets seeking protection under Irish Examinership
Press releases • Nov 18, 2020 10:40 EST
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
Press releases • Nov 09, 2020 12:25 EST
Norwegian is 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 traveling.
Press releases • Nov 09, 2020 06:30 EST
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.
Press releases • Nov 05, 2020 06:00 EST
Norwegian’s traffic figures for October are heavily influenced by lower demand caused by continued travel restrictions across Europe, with several new red zones.
Press releases • Nov 02, 2020 06:00 EST
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. The awards were established in 1993 to acknowledge, reward and celebrate excellence across all key sectors of the travel industry and they are recognized globally as the ultimate hallmark of industry excellence.
Press releases • Oct 06, 2020 08:00 EDT
Norwegian’s traffic figures for September are heavily influenced by lower demand caused by new and stricter travel restrictions across Europe.
Press releases • Sep 21, 2020 15:00 EDT
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 (2.7°F) target set forth in the Paris Agreement.
Norwegian's August 2020 traffic figures heavily influenced by travel restrictions and drop in demand
Press releases • Sep 04, 2020 06:00 EDT
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%.
Press releases • May 20, 2020 09:02 EDT
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.
Norwegian offers more nonstop European destinations from the United States than any other European airline.