Norwegian offers customers CO2-offsetting and becomes first airline to sign UN climate action initiative

Press releases   •   Dec 05, 2019 12:41 GMT

Norwegian has partnered with climate company CHOOOSE to make it easy for customers to offset their carbon footprint when buying a ticket with the airline. The initiative has been welcomed by the United Nations Framework Convention on Climate Change (UNFCCC).

Norwegian’s unit revenue increased by 18 percent in November

Press releases   •   Dec 05, 2019 07:03 GMT

Norwegian’s traffic figures for November shows an increased unit revenue for the eighth consecutive month and was up 18 percent compared to the same month previous year. At the same time, the capacity was reduced, which is in line with the company’s strategy. The load factor was 83 percent, up by 4.2 percentage points.

Marty St. George appointed interim Chief Commercial Officer at Norwegian

Press releases   •   Dec 04, 2019 16:09 GMT

Marty St. George has today been appointed interim Chief Commercial Officer (CCO) at Norwegian following changes in the company’s top management team. St. George has extensive experience from the aviation industry. Until recently, he held the position as CCO of Jet Blue Airways.

CCO of Norwegian, Helga Bollmann Leknes, has decided to leave the company after two years, following changes in Norwegian’s top management team. Bollmann Leknes was offered another position in the Group management team but has decided to pursue other opportunities outside of Norwegian. Bollmann Leknes joined Norwegian in 2017 as Chief Human Resources Officer and took on the additional responsibility as Chief Commercial Officer in November 2018.

"I am grateful for Helga Bollmann Leknes’ contributions to Norwegian, both as Chief Commercial Officer and Chief Human Resources Officer. I regret that she has decided to pursue other opportunities outside of Norwegian,” said Acting CEO of Norwegian, Geir Karlsen.

"It has been a great experience to be part of the Norwegian team and I’m grateful for all the opportunities that particularly Bjørn Kjos has given me. Now it’s time for me to explore new adventures. I wish Norwegian and all the great people at the company all the best,” said Helga Bollmann Leknes.

Interim CCO with extensive commercial aviation experience

Marty St. George will now take on the position for an interim period. St. George has more than 30 years of experience from the aviation industry and until recently held the position as CCO at JetBlue Airways. In addition, he has held key positions at United Airlines and US Airways, including responsibilities for revenue-generating activities, network management and innovation.

“I am very pleased that Marty St. George will be joining Norwegian. Strengthening our commercial position in key markets and increasing our revenue-generating activities are key elements in our strategy of returning to profitability. I am convinced that St. George with his extensive experience from several of the biggest U.S. airlines will be an asset to Norwegian,” said Karlsen.

Norwegian in the UK and Ireland:

  • Norwegian carries almost 6 million UK passengers each year from London Gatwick, Edinburgh and Manchester Airports to 30 destinations worldwide
  • Norwegian is the third largest airline at London Gatwick, with 4.6 million yearly passengers, and with more than 1,500 UK-based pilots and cabin crew
  • In 2014, Norwegian introduced the UK’s first low-cost, long haul flights to the U.S. - the airline now flies to 11 U.S destinations, Buenos Aires and Rio de Janeiro from London Gatwick
  • Norwegian is the only airline to offer free inflight WiFi on UK flights to more than 30 European destinations and 13 long-haul destinations.
  • The airline has one of the youngest aircraft fleets in the world with an average age of 3.8 years, including next-generation Boeing 787 Dreamliner, Boeing 737 MAX and Boeing 737-800s
  • Norwegian has been voted ‘Europe’s best low-cost carrier’ by passengers for six consecutive years at SkyTrax World Airline Awards from 2013-2018, along with being awarded the ‘World's best low-cost long-haul airline’ in 2015, 2016, 2017, 2018 and 2019
  • Norwegian Reward is the airline's free to join award-winning loyalty programme offering members CashPoints and Rewards that reduce the cost of Norwegian flights

Marty St. George has today been appointed interim Chief Commercial Officer (CCO) at Norwegian following changes in the company’s top management team. St. George has extensive experience from the aviation industry. Until recently, he held the position as CCO of Jet Blue Airways.

Read more »

Norwegian sells Argentinian subsidiary to JetSMART Airlines

Press releases   •   Dec 04, 2019 15:42 GMT

Norwegian Air Shuttle has signed an agreement for the sale of 100 per cent of its Argentinian subsidiary Norwegian Air Argentina (NAA) to JetSMART Airlines. “We’re taking necessary steps to return to profitability,” said acting CEO Geir Karlsen.

Jacob Schram appointed new CEO of Norwegian

Press releases   •   Nov 20, 2019 10:35 GMT

Norwegian’s Board of Directors has today appointed Jacob Schram as CEO of Norwegian, starting January 1st 2020. Geir Karlsen will continue as CFO and Deputy CEO.

Norwegian has raised new capital

Press releases   •   Nov 06, 2019 13:11 GMT

Norwegian has raised NOK 2.5 billion in gross proceeds through a private placement and a convertible bond issue of USD 150 million. After the completion of the transactions, Norwegian is fully funded through 2020 and beyond.

Norwegian reports higher load factor and unit revenue in October

Press releases   •   Nov 05, 2019 15:48 GMT

Norwegian’s traffic figures for October shows an increased unit revenue for the seventh consecutive month and was up six percent compared to the same month previous year. The load factor was up by more than two percent.

Norwegian’s new route to Bergen from Manchester takes off

Press releases   •   Oct 28, 2019 14:18 GMT

Airline commences twice-weekly service with fares from £43.90 one-way

Norwegian reports its best ever quarterly result with a profit before tax of NOK 2.2 billion

Press releases   •   Oct 24, 2019 06:00 BST

Norwegian’s third quarter results are characterised by improved profitability, higher unit revenue, lower unit cost and reduced growth, in line with the strategy. Profit before tax improved by 38 percent to NOK 2.2 billion compared to the same quarter last year.

Norwegian to establish a joint venture for parts of its aircraft fleet with China Construction Bank Leasing Corporation

Press releases   •   Oct 24, 2019 05:24 BST

The purpose of the joint venture (JV) between Norwegian and China Leasing International Corporation DAC (CCBLI) will be to finance, own and lease aircraft that Norwegian has on order. The agreement will strengthen Norwegian’s financials considerably.

Initially, the JV comprises 27 Airbus A320 NEO aircraft to be delivered from 2020 to 2023. CCBLI will also provide aircraft financing for aircraft within the JV.

CCBLI is a 100% owned subsidiary of China Construction Bank Corporation, an industry leader in banking, financial services and leasing, and the world’s second largest bank by asset value. CCBLI will be the majority owner of the JV with a 70% share, with Norwegian, through its wholly owned subsidiary Arctic Aviation Assets DAC, holding the remaining 30%.

In addition to a positive equity effect, the JV will reduce Norwegian’s committed capital expenditure by approximately USD 1.5 billion based on the initial 27 aircraft. Aircraft deliveries to the JV will commence in Q1 2020. CCBLI has committed to provide senior debt financing to the JV for the 27 aircraft.

“Following several months of negotiations, I’m very pleased to announce that we have reached an agreement with CCBLI to establish a joint venture for an initial 27 Airbus A320 NEO aircraft. This agreement will contribute significantly to reducing our current and future capital expenditure. The JV is one of many important initiatives that need to be realized to deliver on our strategy of moving from growth to profitability,” said Acting CEO Geir Karlsen of Norwegian.

“I am convinced that CCBLI with its professionalism, financial strength and capabilities will be an excellent partner for Norwegian going forward. This JV is an important first step in building a strong strategic partnership between our two companies,” Karlsen added.

“We have during the past year developed a good relationship to Norwegian, including two already executed transactions and we are very much looking forward to continue to build on this relationship through this JV, said Kevin MI, head of Aviation,” CCBLI.   

Norwegian in the UK and Ireland:

  • Norwegian carries almost 6 million UK passengers each year from London Gatwick, Edinburgh and Manchester Airports to 30 destinations worldwide
  • Norwegian is the third largest airline at London Gatwick, with 4.6 million yearly passengers, and with more than 1,500 UK-based pilots and cabin crew
  • In 2014, Norwegian introduced the UK’s first low-cost, long haul flights to the U.S. - the airline now flies to 12 U.S destinations, Buenos Aires and Rio de Janeiro from London Gatwick
  • Norwegian is the only airline to offer free inflight WiFi on UK flights to more than 30 European destinations and 14 long-haul destinations.
  • The airline has one of the youngest aircraft fleets in the world with an average age of 3.8 years, including next-generation Boeing 787 Dreamliner, Boeing 737 MAX and Boeing 737-800s
  • Norwegian has been voted ‘Europe’s best low-cost carrier’ by passengers for six consecutive years at SkyTrax World Airline Awards from 2013-2018, along with being awarded the ‘World's best low-cost long-haul airline’ in 2015, 2016, 2017, 2018 and 2019
  • Norwegian Reward is the airline's free to join award-winning loyalty programme offering members CashPoints and Rewards that reduce the cost of Norwegian flights

The purpose of the joint venture (JV) between Norwegian and China Leasing International Corporation DAC (CCBLI) will be to finance, own and lease aircraft that Norwegian has on order. The agreement will strengthen Norwegian’s financials considerably.

Read more »

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The UK press office is available 9am to 5pm from Monday to Friday. We can assist with lead in fares, UK flight information, corporate news and aviation commentary.

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About Norwegian

Norwegian.com

Norwegian is a listed company on the Oslo Stock Exchange and is the world's fifth largest low-cost airline operating 500 routes to 150 destinations in Europe, North Africa, Middle East, Thailand, Caribbean, the U.S and South America. In 2018, Norwegian carried more than 37 million passengers. Norwegian has 11,000 employees and a modern, environmentally friendly fleet of around 170 aircraft with an average age of 3.8 years. Norwegian has been voted ‘Europe’s best low-cost carrier’ by passengers for six consecutive years at SkyTrax World Airline Awards from 2013 - 2018, along with being awarded the ‘World's best low-cost long-haul airline’ in 2015, 2016, 2017,2018 and 2019.

For more information, visit www.norwegian.com

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