Norwegian appoints new EVP Network, Pricing & Optimisation
Mr. Magnus Thome Maursund will take up the position of EVP Network, Pricing & Optimisation on October 1st. He has held several managerial positions in Norwegian for more than a decade.
Mr. Magnus Thome Maursund will take up the position of EVP Network, Pricing & Optimisation on October 1st. He has held several managerial positions in Norwegian for more than a decade.
Following the recent government announcement to allow fully vaccinated passengers travelling to England to replace day 2 PCR tests with cheaper lateral flow tests, from the end of October, and no longer need to take pre-departure tests, travel to Scandinavia this autumn and winter is now easier and even more affordable thanks to Norwegian.
Travellers wishing to reunite with friends and family o
Norwegian's traffic figures for August show a continued increase in the number of passengers. The number of future bookings has also continued to increase in line with Norwegian's expanding route network as more people are fully vaccinated and EU / EEA countries accept international COVID certificates for travel.
Norwegian today reported its second quarter results and published the H1 2021 financial report. The results continued to be impacted by COVID-19 and travel restrictions in all markets. However, following the successful completion of the reconstruction process and the subsequent NOK 6 billion equity raise, the company is now well positioned for future growth.
Reference is made to the following bond issues of Norwegian Air Shuttle ASA:
Norwegian Air Shuttle ASA 21/PERP FRN FLOOR C SUB CONV with ISIN NO 0010996432 and Norwegian Air Shuttle ASA 21/PERP FRN FLOOR C SUB CONV with ISIN NO 0010996440 (jointly, the “New Capital Perpetual Bonds”), and
Norwegian Air Shuttle ASA 21/26 ADJ C with ISIN NO 0010996390 (“NAS13”).
On 18 August 2021 the No
Norwegian will continue to increase flights between the UK and Ireland to destinations across Scandinavia as the airline releases the summer 2022 flying programme. All flights are now available to book offering a wide range of destinations from London, Edinburgh, Manchester and Dublin.
Norwegian will release the financial results for the second quarter and first half of 2021 on Tuesday 31 August 2021. The report and presentation will be made available at 7:00 AM (CET) at norwegian.com and newsweb.no.
The Company will present the results at 8.30 AM (CET) at Felix Conference Center, Bryggetorget 3, Aker Brygge, Oslo. The presentation will be held by CEO Geir Karlsen.
Norwegian's traffic figures for July shows a continued increase in the number of passengers. Demand is driven by ease in travel restrictions, in addition to a higher level of the population being vaccinated. In July, Norwegian operated 33 aircraft, which is approx. 50 percent more than the previous month.
To meet customer demands for greater flexibility, Norwegian has changed the booking policy for cancellations and changes, allowing customers to cancel with full refund up to 24 hours after purchase.
Norwegian's traffic figures for June continue to be heavily influenced by travel restrictions and therefore low demand. However, forward bookings and demand continue to show a positive increase as a greater number of markets unlock and ease restrictions. In July, the number of aircraft and routes will gradually increase.
Amadeus’ Traveler ID brings speed and clarity to the self-service check-in process by enabling the verification of health documentation
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 NOK 1,832,981,723 (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
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.