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’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.
Airline commences twice-weekly service with fares from £43.90 one-way
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.
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.
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 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 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 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, Norwegian Reward, has reached 10 million members. So far in 2019, more than three new members signed up to the loyalty programme every minute.
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.
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.
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.
