This week Norwegian celebrates its first ever flights between London Gatwick and the U.S. On Wednesday afternoon, the first flight between London Gatwick and Los Angeles took off, while Norwegian’s first flight between London and New York took off this evening. Friday afternoon, the airline celebrates its inaugural flight to Fort Lauderdale. All the flights are almost full.
Reference is made to the notification sent 13th June 2014 regarding a potential new bond issue for Norwegian Air Shuttle ASA ("Norwegian").
Possible new bond issue, summons to bondholders’ meeting, and announcement of buy-back offer in NAS03. Norwegian Air Shuttle ASA (“Norwegian”) has today summoned a bondholders’ meeting in the bond issue with ISIN NO 0010642200 maturing in April 2015 (“NAS03”) to be held 27 June 2014.
Norwegian carried more than 2.1 million passengers in May 2014, an increase of 12 percent compared to the same month last year. The load factor was 77 percent. The strike threats from labor union Parat affected the company’s revenues this month, as many customers in Norway and Denmark refrained from booking flights due to fear of strike.
Norwegian Air has for the past year offered 100,000 Americans the ability to fly affordably between the United States and Scandinavia on its fleet of brand new Boeing 787 Dreamliners. Norwegian has also carried 200,000 passengers to the U.S., giving a boost to American tourism.
Norwegian, along with representatives from Norwegian and Spanish authorities, today marked the opening of its newest base in Spain. It is strategically important for Norwegian to have a base in the Spanish capital in light of its presence in the Spanish market, as well as in terms of Norwegian’s international expansion.
Norwegian Air Shuttle ASA has mandated ABG Sundal Collier and Danske Bank Markets to arrange a series of Nordic fixed income investor meetings commencing on June 3, 2014. A NOK denominated debt capital markets transaction may follow, subject to inter alia market conditions.
Norwegian continues to expand its route network from London Gatwick by launching two new routes to Warsaw and Berlin. In addition it increases the number of daily departures to Copenhagen.
Norwegian carried almost two million passengers in April 2014, an increase of 17 percent compared to the same month last year. The load factor was 79.8 percent.
Norwegian today reported its first quarter results for 2014. The pre-tax profit (EBT) was -813 MNOK. Despite a seasonally weak quarter, the passenger growth is strong and the load factor high. The quarterly results are affected by the additional costs associated with wet-leasing replacement aircraft on long-haul routes, as well as a weaker Norwegian currency (NOK).
Norwegian has signed agreements to lease three new Boeing 787-9 Dreamliners for its long-haul operation. Two of the aircraft will be delivered in 2016 and one in 2017. This is the brand new, more environmentally friendly and even larger Dreamliner model, which is scheduled to enter commercial service this year.
Norwegian Air Shuttle ASA will release the first quarter results at 8.30 AM (CET) Wednesday May 7th. The Company’s CEO Bjørn Kjos will present the results simultaneously at Felix Conference Center, Bryggetorget 3, Aker Brygge, Oslo. The company will host a conference call for investors and analysts in English at 14:00 (CET). For dial-in details please contact Q@norwegian.com
The Norwegian group is a leading Nordic aviation company, headquartered at Fornebu outside Oslo, Norway. The company has over 8,200 employees and owns two of the prominent airlines in the Nordics: Norwegian Air Shuttle and Widerøe’s Flyveselskap. Widerøe was acquired by Norwegian in 2024, aiming to facilitate seamless air travel across the two airline’s networks.
Norwegian Air Shuttle, the largest Norwegian airline with around 4,700 employees, operates an extensive route network connecting Nordic countries to key European destinations. In 2023, Norwegian carried over 20 million passengers and maintained a fleet of 87 Boeing 737-800 and 737 MAX 8 aircraft.
Widerøe’s Flyveselskap, Norway’s oldest airline, is Scandinavia’s largest regional carrier. The airline has more than 3,500 employees. Mainly operating the short-runway airports in rural Norway, Widerøe operates several state contract routes (PSO routes) in addition to its own commercial network. In 2023, the airline had 3.3 million passengers and a fleet of 48 aircraft, including 45 Bombardier Dash 8’s and three Embraer E190-E2's. Widerøe Ground Handling provides ground handling services at 41 Norwegian airports.
The Norwegian group has sustainability as a key priority and has committed to significantly reducing carbon emissions from its operations. Among numerous initiatives, the most noteworthy is the investment in production and use of fossil-free aviation fuel (SAF). Norwegian strives to become the sustainable choice for its passengers, actively contributing to the transformation of the aviation industry.
