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Latest Articles in Norwegian Air

Norwegian Air Posts $1.5 Billion Impairment Loss Amid Restructuring

Norwegian, which is negotiating terms with lessors so as to cut its fleet to 53 aircraft from 140 earlier, said its fleet had shrunk to 131 by the end of 2020.

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Norwegian Air's Top Owner Cuts Stake To 9%

Norwegian earlier this year converted a portion of its debt into shares as part of a financial rescue package, making AerCap the largest shareholder with a 13.4% stake and also giving other leasing firms substantial ownership in the carrier.

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Norwegian Air May Halt Operations In Early 2021 Without More Cash

Shares in Norwegian were down 6.8% at 0818 GMT, lagging an Oslo benchmark index down 0.8%, bringing its share down 99% since January.

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Norwegian Air Shareholders Back $1 Billion Rescue Plan

Norwegian Air lessors are now willing to convert at least $730 million of debt into equity, up from $550 million earlier, and talks are ongoing for possible further conversion.

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Norwegian Air's March Traffic Tumbles 60% Amid Virus Lockdown

Before the outbreak in Europe of COVID-19, the disease caused by the new coronavirus, Norwegian had set a goal of returning to profit this year after three years of losses.

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