All Norwegian articles – Page 8
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NewsNorwegian yet to find profitable long-haul model: chief
Norwegian’s new chief executive Jacob Schram has acknowledged that the Scandinavian budget carrier has yet to find a way of making its long-haul operation profitable.
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Airline BusinessNorwegian counts costs of 737 Max and Trent 1000 disruptions
Norwegian estimates that disruption from the Boeing 737 Max grounding and ongoing issues with the Rolls-Royce Trent engines on its 787 fleet have led to a combined NKr1.7 billion ($183 million) net loss for 2019.
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NewsNorwegian plans deeper capacity cuts in bid for 2020 profit return
Restructuring low-cost carrier Norwegian is targeting a net profit for the coming year on deeper capacity cuts after progress on its turnaround in 2019 was clipped by the impact of the Boeing 737 Max grounding and Rolls-Royce engine issues.
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NewsNorwegian eyes Max compensation deal by year-end
Norwegian is hopeful it can reach an agreement with Boeing on compensation for its grounded 737 Max fleet by the end of the year.
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NewsNorwegian sells Argentinian unit to JetSmart
Norwegian has sold its Argentinian subsidiary to Chilean low-cost carrier JetSmart for an undisclosed amount, as the Scandinavian group looks to cut costs and focus on core operations.
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NewsNorwegian granted London Heathrow slots
Scandinavian budget carrier Norwegian has provisionally been allocated slots at London Heathrow for the summer 2020 season.
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Norwegian axing long-haul services from two Nordic capitals
Scandinavian budget carrier Norwegian is axing several transatlantic and Asian routes as a consequence of low demand and continuing problems with Rolls-Royce Trent engines on its Boeing 787s.
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NewsNorwegian names new chief as restructuring efforts continue
Restructuring low-cost carrier Norwegian has named former Circle K group president Europe and McKinsey advisor Jacob Schram as its new chief executive.
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Norwegian stock price drops after new fundraising round
Scandinavian budget carrier Norwegian's share price has dropped by around 10% after the airline revealed it was seeking additional funding from investors, through a convertible bond issue and a release of new shares.
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Trent blade limit ‘insufficient’ before Norwegian 787 failure
Italian investigators have disclosed that there was no engine de-pairing requirement in place for the Rolls-Royce Trent 1000s fitted to a Norwegian Boeing 787 before one of its powerplants failed after take-off from Rome. The engines were subject to a modification – under a service bulletin designated 72-H818 – which ...
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Norwegian boosts third-quarter operating profit 64%
Norwegian has reported a 64% rise in third quarter operating profit, to NKr2.97 billion ($326 million), after slowing capacity growth in the period.
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Chinese bank venture to take over 27 Norwegian A320neos
Scandinavian budget carrier Norwegian is to establish a joint venture with China Construction Bank Leasing to take over 27 Airbus A320neo aircraft scheduled for delivery from next year.
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Norwegian sells batch of 737-800s to HK-based recycler
Scandinavian budget carrier Norwegian is selling five Boeing 737-800s to a Hong Kong-based recycling and asset-management entity, and will transfer the jets from the end of this year.
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Norwegian plots transatlantic tie-up with JetBlue
Scandinavian budget carrier Norwegian has entered a tentative agreement for transatlantic co-operation with US counterpart JetBlue Airways.
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Czech Airlines and Norwegian cut A320neo commitments
Czech Airlines has cancelled more than half of the Airbus A320neos it originally ordered more than three years ago, while Norwegian has also trimmed its A320neo commitment.
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Airline Business
ANALYSIS: Norwegian's race to reach profitability
Few airlines have expanded as quickly as Norwegian. In the 10 years years to 2018, it quadrupled its fleet size to more than 160 aircraft as it focused on growth above all else.
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NewsNorwegian engine failure prompts Virgin to delay A340 retirement
Virgin Atlantic has pushed back the retirement date for its Airbus A340-600 fleet after an engine failure suffered by a Norwegian Boeing 787-8 temporarily affected the availability of Rolls-Royce Trent 1000 powerplants.
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NewsSerious Norwegian 787 Trent failure traced to blade fracture
Italian investigators believe blade fracture originating in the intermediate pressure turbine triggered the serious engine failure involving a Norwegian Boeing 787-8 departing Rome Fiumicino on 10 August.
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SAS shifting Los Angeles service to Copenhagen
Scandinavia's SAS is to challenge budget carrier Norwegian on the transatlantic route to Los Angeles from Copenhagen next year, by transferring its current service from Stockholm.
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NewsNorwegian puts up slots to delay bond repayment
Scandinavian budget carrier Norwegian is putting up slots at London Gatwick as part of an exchange package as it seeks to delay repayment of unsecured bonds.