Norwegian Air’s founder flies again

Bjørn Kjos seems to have picked himself up, dusted himself off and found a way to take off again, even as the airline he founded remains under bankruptcy court administration. The former Norwegian Air boss may now even profit on the remnants of his former airline’s low-fare intercontinental service, which left Norwegian Air deeply troubled […]

Wizz Air shuts new Trondheim base

Cut-rate carrier Wizz Air is already closing the new base it set up in Trondheim last fall. The move comes just a few turbulent months after its entry into Norway’s domestic market was met by labour complaints, regulatory challenges and what the airline itself claims are organized boycotts. Wizz Air officials told newspaper Dagens Næringsliv […]

No quick refunds from Norwegian

Thousands of Norwegian Air passengers whose flights were cancelled last year won’t be getting their tickets refunded any time soon. Bankruptcy court proceedings mean, according to those reorganizing the airline, that “we don’t have permission” to refund tickets purchased before November 18. That’s when Norwegian filed for bankruptcy in Ireland and, later, in Norway. The […]

Norwegian shares jump on state support

Shares in financially ailing Norwegian Air soared after the government announced it would take part in the “reconstruction” of the airline after all. Share prices were up 2.6 percent since the opening on Thursday, and were among the most actively traded all day. The burst of activity was prompted by confirmation from Norway’s business and […]

Norwegian ends its long-haul service

Norwegian Air confirmed on Thursday that it’s dropping its intercontinental long-haul routes and will instead concentrate on flights in the Nordic region. Around 2,000 employees are losing their jobs. The airline, which began with shuttle service on Norway’s West Coast and then evolved into first a domestic- and then European carrier, is already in the […]

Norwegian Air’s owners approve crisis plan

Shareholders in Norwegian Air voted in favour of management’s plans to raise another NOK 4 billion in the form of new shares, even though it will greatly dilute their own holdings. Management’s crisis plan, which involves a major restructuring of the airline aimed at ensuring its survival, was also approved. Norwegian’s CEO Jacob Schram called […]

Norwegian likely to end long-haul routes

Norwegian Air, currently operating minimal service under bankruptcy protection, looks set to drop the popular but unprofitable low-fare intercontinental routes that it launched less than a decade ago. The airline will likely concentrate instead on routes within Norway and Europe, if its bankruptcy reorganization succeeds. Norwegian’s intercontinental expansion began in 2013 with flights from Oslo […]

Norwegian Air wins breathing room

An Irish court granted bankruptcy protection to struggling Norwegian Air’s Irish subsidiaries on Monday. The decision also temporarily protects the airline’s Oslo-based parent company from creditor claims, giving it some badly needed breathing room in the battle to save it from permanent grounding.  Business news service E24 reported Monday evening that the bankruptcy protection means […]

OSL closes off terminal areas

Norway’s gateway airport in Oslo, OSL Gardermoen, has lost so much traffic and business during the Corona crisis that it’s closing off large areas of terminals that only recently opened after a NOK 2 billion expansion. The goal is to cut costs until traffic picks up again, which may not happen until 2022 or beyond. […]

Norwegian Air files for reorganization

Crisis-hit Norwegian Air launched a bankruptcy process on Wednesday, filing for protection from creditors in Ireland where some of its main subsidiaries are based. The deeply troubled airline aims to reorganize and maintain at least some of its operations in the meantime, with most already scaled way back because of the Corona virus crisis. Norwegian […]