luchtzak wrote: ↑23 Dec 2018, 14:17
Norwegian spokesman Philip Allport told Aviation24.be: "This is pure speculation. Our liquidity is satisfactory, we attract hundreds of thousand of new passengers every month and we are currently working on selling parts of our fleet, which will further strengheten our financial situation."
Yeah sure, you will make your airline profitable with selling planes
luchtzak wrote: ↑23 Dec 2018, 14:17
Norwegian spokesman Philip Allport told Aviation24.be: "This is pure speculation. Our liquidity is satisfactory, we attract hundreds of thousand of new passengers every month and we are currently working on selling parts of our fleet, which will further strengheten our financial situation."
Yeah sure, you will make your airline profitable with selling planes
Indeed. what did you expect, Luchtzak, that the spokesman confirmed an imminent bankruptcy??
luchtzak wrote: ↑23 Dec 2018, 14:17
Norwegian spokesman Philip Allport told Aviation24.be: "This is pure speculation. Our liquidity is satisfactory, we attract hundreds of thousand of new passengers every month and we are currently working on selling parts of our fleet, which will further strengheten our financial situation."
Yeah sure, you will make your airline profitable with selling planes
Indeed. what did you expect, Luchtzak, that the spokesman confirmed an imminent bankruptcy??
Yeah, but they didn’t halt all recruitment back then, nor were they trying to divest 140 airframes in 2017.
It probably won’t happen this year, but expect either a sale or some negative news after the board meeting on January 7th.
luchtzak wrote: ↑23 Dec 2018, 14:17
Norwegian spokesman Philip Allport told Aviation24.be: "This is pure speculation. Our liquidity is satisfactory, we attract hundreds of thousand of new passengers every month and we are currently working on selling parts of our fleet, which will further strengheten our financial situation."
Indeed. what did you expect, Luchtzak, that the spokesman confirmed an imminent bankruptcy??
I tend to believe Norwegian's spokesman, specially because there is quite a difference between "serious financial worries" and "an imminent bankruptcy". I think that Air Belgium will agree on that.
Poiu wrote: ↑23 Dec 2018, 16:31
I am going short on Norwegian shares.
May I suggest you switch to Ryanair shares? They are at their lowest in 5 years now:
14th August 2017: RYA 18,97 €
21st December 2018: RYA 10,29 €.
Or wait... What if the RYA share goes down even more?
Passenger wrote: ↑23 Dec 2018, 21:41
May I suggest you switch to Ryanair shares? They are at their lowest in 5 years now:
14th August 2017: RYA 18,97 €
21st December 2018: RYA 10,29 €.
Or wait... What if the RYA share goes down even more?
Er
Wrong topic!
But, as you ask, back in 2004 I put 3 months FR salary in shares at 2€, sold them in the summer of 2017 at 18€ and bough a seafront flat in Faro with the money.
And yes RYA is a good investment, they could loose another 20-30%, but buy then and within the next 5 years you’ll have a good chance to double your money. (Free advice because it’s Christmas, but no guarantees unfortunately)
Employees have been informed about Norwegian’s financial situation.
Not looking good at all:
-base closures
-salary sacrifice
-selling aircraft to generate cash
-employees to loose a lot of perks (meals, hotels of lower standard, allowances,...).
The sh!t is very close to the fan, a little turbulence and the wheels will come off.
Poiu wrote: ↑23 Dec 2018, 16:31
I am going short on Norwegian shares.
Share price dropped by over 30% in a week!
Mr Kos and a couple of rich friends threw a lifeline of 3 billion NOK of their personal money to keep the company alive.
Poiu wrote: ↑23 Dec 2018, 16:31
I am going short on Norwegian shares.
Share price dropped by over 30% in a week!
Mr Kos and a couple of rich friends threw a lifeline of 3 billion NOK of their personal money to keep the company alive.
