Norwegian in 2021

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sn26567
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Re: Norwegian in 2021

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sn26567 wrote: 26 Mar 2021, 18:47 Norwegian’s reconstruction process was approved by the judge in the Irish High Court. “This is a demanding and ongoing process, however, the result of the court rulings enforces our beliefs of a positive final outcome”, said CEO Schram.
Norwegian reconstruction process in Ireland was today approved by the judge in the Irish High Court. Based on this decision, Norwegian will now send the same proposal for voting in Norway. Following this, the company will start the process of raising capital with the goal of a final resolution by the end of May 2021.

https://www.aviation24.be/airlines/norw ... in-norway/
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Re: Norwegian in 2021

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Norwegian has returned to operating at Stockholm Arlanda airport after a five-month hiatus.
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Re: Norwegian in 2021

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Norwegian’s March traffic figures continue to be severely impacted (-94%)
https://www.aviation24.be/airlines/norw ... -impacted/
Hi. I'm Thibault Lapers. @ThibaultLapers & @TLspotting

Lux_avi
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Re: Norwegian in 2021

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TLspotting wrote: 10 Apr 2021, 12:44 Norwegian’s March traffic figures continue to be severely impacted (-94%)
https://www.aviation24.be/airlines/norw ... -impacted/
That's a surprise!

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Re: Norwegian in 2021

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Norwegian reconstruction plan in Norway was approved. The carrier will now prepare the process of raising new capital, which is expected to be completed during May 2021. Is anyone interested in investing in the airline?

https://www.aviation24.be/airlines/norw ... -approval/
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Re: Norwegian in 2021

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Norwegian has updated the market on the forthcoming capital raise. The upper limit for raising capital has been increased to US$706 million. The debt will be sharply reduced by between $7.2-7.6 billion and in addition aircraft orders amounting to $10.0 billion have been cancelled.
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Re: Norwegian in 2021

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Hi. I'm Thibault Lapers. @ThibaultLapers & @TLspotting

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Re: Norwegian in 2021

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Norwegian plans to ramp-up operations to a peak of around 50 short-haul aircraft in 2021 and around 70 short-haul aircraft in 2022. Norwegian’s long-haul operations will not resume.
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Re: Norwegian in 2021

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sn26567 wrote: 30 Apr 2021, 18:30 Norwegian plans to ramp-up operations to a peak of around 50 short-haul aircraft in 2021 and around 70 short-haul aircraft in 2022. Norwegian’s long-haul operations will not resume.
Norwegian has negotiated and signed agreements for four owned and 44 leased aircraft and intends to operate the fleet on a short-haul network. An additional three aircraft are under documentation to be retained and leased. All 51 aircraft will be operated based on PBH agreements through 1Q 2022.

Norwegian and Arctic Aviation Assets (Ireland) were granted Chapter 15 bankruptcy protection in the US.

Norwegian announces terms of the contemplated capital raise of up to US$722 million. The Company’s cash balance upon completion of the Restructuring Proposal is estimated to be approximately $842 million.
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Re: Norwegian in 2021

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Norwegian announced its intention to initiate a collective dismissal procedure for 1,191 workers from its bases in Spain in the coming days, which would affect 85% of the total crew.
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