News archive

Geir Karlsen appointed new CEO of Norwegian

Geir Karlsen appointed new CEO of Norwegian

Geir Karlsen has been appointed new CEO of Norwegian Air Shuttle ASA ("Norwegian"). Karlsen succeeds Jacob Schram. The appointment will be effective June 21st 2021.

Dividend to creditors affected by the financial restructuring

Dividend to creditors affected by the financial restructuring

Reference is made to the stock exchange announcements of 26 May 2021 regarding the exit from the Irish examinership (the "Examinership") and Norwegian reconstruction (the "Reconstruction") processes for the Company and certain of its related Irish companies and the implementation of the proposed schemes of arrangement related to the Examinership and a restructuring plan related to the Reconstructi

Conversion of New Capital Perpetual Bonds

Conversion of New Capital Perpetual Bonds

Reference is made to the Norwegian Air Shuttle ASA (the “Company”) FRN perpetual subordinated convertible bond loan with ISIN NO 0010996440 and ISIN NO 0010996432 in the aggregate amount of 1,875,000,000 (the “New Capital Perpetual Bonds”).
 
Pursuant to the bond terms, the New Capital Perpetual Bonds with ISIN NO 0010996440 in the aggregate amount of NOK 1,738,293,310 can be converted into

Traffic results for May show signs of positive trend

Traffic results for May show signs of positive trend

​Norwegian's traffic figures for May continue to be affected by international travel restrictions and therefore low demand. However, passenger numbers have shown a noticeable increase in volume in line with vaccination roll outs and changes to entry restrictions and quarantine regulations.

Norwegian: Emergence from financial restructuring - occurrence of Effective Date

Norwegian: Emergence from financial restructuring - occurrence of Effective Date

Norwegian Air Shuttle ASA have successfully emerged from the Examinership and the Reconstruction, completed the Capital Raise, implemented the Restructuring Proposal and concluded the restructuring. The Reconstruction Proposal is expected to occur shortly after close of trading on the Oslo Stock Exchange today, 26 May 2021.

Norwegian has announced the final results of the capital raise

Norwegian has announced the final results of the capital raise

Reference is made to the stock exchange announcement of Norwegian Air Shuttle ASA (the “Company” or “NAS”) dated 21 May 2021 regarding the preliminary results of the capital raise of up to NOK 6,000 million (the “Capital Raise”), comprising of:
(i)an offering of new capital perpetual bonds raising gross proceeds of up to NOK 1,875 million (the “New Capital Perpetual Bonds Offering”),
(ii)a

Norwegian has announced preliminary results of the capital raise

Norwegian has announced preliminary results of the capital raise

The capital raise was significantly oversubscribed and Norwegian will consequently raise total gross proceeds of approximately NOK 6,000 million in the Capital Raise. The shares are expected to be tradeable on the Oslo Stock Exchange on or about 27 May 2021.

Norwegian's reconstruction plan approved

Norwegian's reconstruction plan approved

Reference is made to the stock exchange announcements of Norwegian Air Shuttle ASA (the “Company” or “NAS”) dated 26 March 2021 and 12 April 2021 regarding the approval of the proposals for a scheme of arrangement for an exit of the examinership process and the reconstruction process as further described in the stock exchange announcement dated 11 March 2021 (the “Restructuring Proposal”) by the H

Commencement of the subscription period for the rights issue and the application period for the private placement

Commencement of the subscription period for the rights issue and the application period for the private placement

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS NOT A PROSPECTUS AND DOES NOT CONSTITUTE AN OFFER TO SUBSCRIBE OR PURCHASE ANY OF THE SECURITIES DESCRIBED HEREIN. NO ONE SHOULD PURCHASE ANY SECURITIES IN NORWEGIAN AIR SHUTTLE ASA (THE "COMPANY") EXCEPT ON THE

Norwegian announces terms of the contemplated capital raise of up to NOK 6,000 million

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Reference is made to the stock exchange announcements of Norwegian Air Shuttle ASA (the “Company” or “NAS”) dated 26 March 2021 and 12 Apri

Norwegian update on capital raise

Norwegian update on capital raise

Norwegian has today updated the market on the forthcoming capital raise. The upper limit for raising capital has been increased to NOK 6 billion. The debt will be sharply reduced and in addition aircraft orders amounting to NOK 85 billion have been cancelled.

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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.

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