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 Reward, the award-winning loyalty program of Norwegian Air, has been named Airline Program of the Year Europe & Africa for the fourth consecutive year. In total, Norwegian Reward scored four Freddie Awards, a new record for the loyalty program, while being runner up in the two remaining categories.
Due to the ongoing spread of COVID-19 almost all of Norwegian’s flight operations have been cancelled, while the costs for aircrew remain. The pilots and cabin crew in Scandinavia are employed in subsidiaries in the Norwegian Group. 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.
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.
The US DOT has granted tentative approval to Norwegian UK.
Buenos Aires becomes airline’s first South American route as its new affordable fares breaks the current monopoly on direct London-Argentina flights.
Norwegian Reward members will be able to book parking spaces at airports through ParkCloud and earn up to 15% in CashPoints.
More jobs, greater competition and affordable fares for all -- watch this video to find out how Norwegian's expansion will bring benefits across the US and Europe.
Tessa Naran is a first officer for Norwegian based at London Gatwick.
Norwegian Celebrates International Women's Day with New British Female Tail Fin Heroes
Norwegian reveals the next American tailfin hero, Mark Twain.
Third non-stop flight from JFK to London begins today on October 28, 2018.
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| Photographer / Source | Jimmy Farring |
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Norwegian's first priority is to take care of customers.
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The International Council on Clean Transportation (ICCT) named Norwegian the most fuel-efficient airline on transatlantic routes for a se...
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Industry’s most generous and dynamic loyalty program hits milestone from word-of-mouth and organic growth in December 2018. Join today a...
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Norwegian's U.S. route network (updated January, 2020)
Overview and timeline of Norwegian's history (updated January 2019).
Overview of the Norwegian brand and products (updated December 2018).
