Adrian Dunne appointed Executive Vice President Operations in Norwegian
Adrian Dunne will join Norwegian as the company’s new EVP Operations. Dunne has more than thirty years of experience as a leader within the aviation industry.
Norwegian’s restructuring scheme filed to the court
Today, Norwegian’s financial reconstruction plan was sent to its creditors and shareholders. If the plan is approved by the Irish and Norwegian courts in the coming weeks, the company can continue the reconstruction processes and initiate a capital raise in April, targeting completion in May 2021.
Norwegian’s February traffic figures strongly impacted by COVID-19
Norwegian’s traffic figures for February are strongly influenced by lower demand caused by continued travel restrictions across Europe.
Norwegian’s fourth quarter results are heavily impacted by COVID-19 and travel restrictions
Norwegian today reported its fourth quarter results. As expected, the results were heavily impacted by COVID-19 and travel restrictions in all markets.
Norwegian presents update of indicative plan for exit from Irish examinership and Norwegian reconstruction processes
The Company is working with the Examiner and the Reconstructor with a view to commencing the legal steps required to implement the proposed Restructuring, including the issuance of a scheme of arrangement by the Examiner as soon as possible, with a view to the Capital Raise commencing in late March/early April, with the subscription period in mid-April and target closing end of April.
COVID-19 heavily influences Norwegian’s January traffic figures
Norwegian’s traffic figures for January are heavily influenced by lower demand caused by continued travel restrictions across Europe.
Norwegian Air Shuttle ASA (NAS) - Presentation for creditors
Norwegian Air Shuttle has today published an updated presentation. The presentation is available at; https://newsweb.oslobors.no/message/523220Kind RegardsTore ØstbyEVP Strategic Development and IR, Norwegian Air Shuttle ASAE-mail: email@example.comOksenøyveien 3, 1330 Fornebu, NorwayVisit norwegian.com and follow us on Facebook.
Norwegian appreciates support from the Norwegian Government
Norwegian is pleased to announce that the government of Norway has decided to support and contribute to the airline’s funding of new capital, pending certain conditions. This move significantly increases Norwegian’s chances of working through the crisis caused by the pandemic and to position itself as a key player within Norwegian and European aviation.
Publication of listing prospectus
The NFSA has approved the Listing Prospectus which is available at the Company’s website, https://www.norwegian.no/om-oss/selskapet/investor-relations/. The Listing Prospectus has been prepared for the purpose of listing of the Perpetual Bonds and the Shares only, and no securities are being offered pursuant to the Listing Prospectus.
Norwegian to focus on a strong European network
Norwegian’s Board of Directors has today outlined a simplified business structure and dedicated short haul route network. With this plan, Norwegian can build a robust and solid company that will attract investors and continue to serve new and existing customers.
Norwegian’s traffic figures heavily impacted by COVID-19
Norwegian’s traffic figures for December are heavily influenced by lower demand caused by continued travel restrictions across Europe. However, Christmas bookings were positive.