Norwegian

ULCC Norwegian has announced the terms under which it aims to recapitalize itself to the tune of NOK 6 billion ($723 million).

Scandinavian LCC Norwegian Air Shuttle aims to increase its fleet to a peak of 50 aircraft in 2021 and 70 in 2022, flying a network of domestic and short-haul routes in Europe.

The planned ramp-up of operations will focus on 'core' domestic and short-haul routes.

Norwegian’s transatlantic adventure may have ended in a nightmare, but the long-haul low-cost dream lives on for Bjørn Kjos with Norse Atlantic Airways.

The airline plans to gradually increase the number of departures and resume more service in Sweden as demand increases and travel restrictions ease.

An initial three routes will be served by the LCC from Stockholm Arlanda.

Norwegian Air Shuttle’s proposed restructuring cleared a key hurdle March 26 as an Irish High Court judge approved the airline’s scheme to exit the examinership process.

The LCC plans to serve Sweden’s capital Stockholm this summer.

Bjørn Kjos is behind a new venture seeking to enter the low-cost transatlantic market vacated by Norwegian Air Shuttle.

ULCC Norwegian Air Shuttle has sent details of its planned financial reconstruction to its creditors and shareholders, ahead of several hearings in the Irish and Norwegian courts that will determine its future in the coming weeks.

After months of uncertainty over whether it would survive the pandemic, Norwegian Air Shuttle may finally be nearing a restructuring solution ahead of a mid-April deadline.

Norwegian Air Shuttle has agreed with Airbus to cancel outstanding orders for 88 A320 family aircraft, as the carrier makes progress toward presenting a restructuring plan that it hopes will secure its future.

Norwegian has posted a NOK23 billion ($2.7 billion) net loss for 2020, with bankruptcy or liquidation “highly likely” in the 2021 second quarter if several conditions are not met.

Norwegian Air Shuttle is closer to reaching a restructuring agreement to secure its survival.

A portfolio of 12 Boeing 737-8s and two Trent 1000-powered 787-9s, previously operated by Norwegian Air Shuttle, are being remarketed following the LCC’s financial difficulties and decision to scale back its operations.

The nine new routes will target leisure traffic between Spain and Scandinavia.

The Czech airline looks set to be the first in Europe to reintroduce the Boeing 737 MAX.

Norwegian Air Shuttle has been granted a 30-day extension to its restructuring process following a High Court hearing in Dublin, Ireland.

Norway’s government will provide a hybrid loan to Norwegian Air Shuttle providing private investors also back the LCC’s restructuring.

The carrier which pioneered cheap transatlantic flights between Europe and the US will now focus on short-haul routes as part of a plan to exit insolvency.

Norwegian Air Shuttle said it would focus on operations in Europe and drop long-haul flying as it moves forward with a restructuring process the airline hopes will attract new investment and allow continued operations.

Norwegian Air Shuttle said it was operating nine aircraft after “positive” Christmas bookings, representing a small improvement in its activities from the six aircraft it had been operating in previous weeks.

Norwegian Air Shuttle shareholders have voted in favor of a series of restructuring measures including a rights issue at an extraordinary general meeting Dec. 17.

Norwegian Air Shuttle said it filed for a reconstruction process under Norwegian law, a day after an Irish court ruled it could begin a 100-day restructuring process under the country’s equivalent of bankruptcy protection.

Norwegian Air Shuttle has obtained creditor protection following an Irish court hearing, the latest step in a turbulent period for the debt-ridden long-haul LCC.