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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.
Norwegian adds new tool to reduce CO2 emissions by 140,000 tons per year
Press releases • Oct 23, 2019 09:53 BST
Reducing CO2 emissions is one of the most important tasks for the aviation industry. Using new technology and new, modern aircraft, Norwegian has reduced emissions by 30 percent since 2008. With the new ‘SkyBreathe’ tool, emissions can be reduced by 140,000 tons per year.
Norwegian and JetBlue Announce Intent for Partnership
Press releases • Oct 17, 2019 16:10 BST
Norwegian and JetBlue have signed a Letter of Intent for an interline agreement. The partnership will allow customers to combine low fares in a convenient single booking for connecting flights between Europe and the Americas.
Norwegian announces more capacity on key UK - US routes for Summer 2020
Press releases • Oct 11, 2019 09:03 BST
Norwegian today announced frequency increases between London Gatwick and key US destinations such as San Francisco and Tampa in response to demand. The increases will take affect from 29th March 2020 and run throughout the summer 2020 schedule.
Norwegian reports increased passenger traffic and higher revenues in September
Press releases • Oct 04, 2019 07:00 BST
Norwegian carried more than 3.3 million passengers in September. The unit revenue increased for the sixth consecutive month and was up by six percent compared to the same month previous year.
Norwegian’s loyalty programme reaches 10 million members – three new members every minute
Press releases • Sep 27, 2019 12:07 BST
Norwegian’s loyalty programme, Norwegian Reward, has reached 10 million members. So far in 2019, more than three new members signed up to the loyalty programme every minute.
Fly from the Arctic to Antarctica gateway with Norwegian from under £400
Press releases • Sep 24, 2019 10:31 BST
Norwegian today announces that holidaymakers, travel enthusiasts and #avgeeks now have the unique opportunity to travel between the Arctic and Ushuaia, one of the world’s southernmost cities and gateway to Antarctica on Norwegian from £398.50 one way at www.norwegian.com.
Bondholders vote in favour of Norwegian’s proposed amendments to its two unsecured bonds NAS07 and NAS08
Press releases • Sep 16, 2019 13:01 BST
On 16 September 2019, separate bondholders’ meetings were held in NAS07 and NAS08 and both meetings voted in favour for the proposed amendments with sufficient majority.
Norwegian reports increased unit revenue and higher load factor in August
Press releases • Sep 05, 2019 07:00 BST
Norwegian carried more than 3.5 million passengers in August. The unit revenue increased by three percent and the load factor was 90 percent, up 0.4 percentage points.
Norwegian launches Autumn sale with fares to the US from just £134.90 one-way
Press releases • Sep 03, 2019 09:36 BST
Flights to South America available from just £199.90 one-way Fly to Europe from £28.90 one-way in the sale
Norwegian Air Shuttle offers bondholders security in exchange for amended bond maturities
Press releases • Sep 02, 2019 07:39 BST
Norwegian Air Shuttle (“NAS” or the “Company”) is executing on its strategic plan from growth to profitability and cash generation. To ensure successful operations and adequate liquidity headroom, NAS is requesting to extend the maturity dates of its two unsecured bonds in exchange of a security package backed by the attractive take-off and landing slots at London Gatwick Airport.
Norwegian to end transatlantic flights between Ireland and North America from 15 September 2019
Press releases • Aug 13, 2019 15:10 BST
As the airline moves from growth to profitability, we have conducted a comprehensive review of our transatlantic operations between Ireland and North America and considering the grounding of the Boeing 737 MAX aircraft, we have concluded that these routes are no longer commercially viable.
Norwegian reports higher load factor in July
Press releases • Aug 06, 2019 07:00 BST
Norwegian carried more than 3.7 million passengers in July. The load factor was 93.5 percent, up half a percentage point.
CFO Geir Karlsen appointed interim CEO of Norwegian as Bjørn Kjos steps down
Press releases • Jul 11, 2019 06:35 BST
After 17 years as the CEO of Norwegian Air Shuttle, Bjørn Kjos (72) will leave the position and continue in a new role as an advisor to the Chairman, with effect from July 11th. Until Norwegian appoints a new CEO, CFO Geir Karlsen (54) will act as interim CEO, while Chairman Niels Smedegaard (57) will take on a more active role in the management.
Norwegian’s financial turnaround moves in the right direction: Increased revenue and reduced cost
Press releases • Jul 11, 2019 06:01 BST
Norwegian’s second quarter results are characterised by reduced growth and improved profitability, in line with the company’s strategy. Despite the reduced production growth and grounding of the Boeing 737 MAX aircraft, the underlying operating result before ownership costs more than doubled from the same quarter in 2018.
Norwegian celebrates five years of low-cost long-haul at London Gatwick with 15% reduced fares from under £140
Press releases • Jul 04, 2019 09:00 BST
Norwegian today marks five years of operating long-haul flights at London Gatwick which has transformed the transatlantic market and benefitted UK consumers with lower fares.