AirAsia to take on Norwegian Air

UPDATED: AirAsia, one of the world’s largest low-cost carriers and fastest growing airlines, announced on Wednesday it planned to operate long-haul flights from Bangkok to Scandinavia. It was a direct challenge to Norwegian Air, which on Thursday reported an operating loss instead of the expected profit in its quarterly report. AirAsia’s founder Tony Fernandes secured […]

Norwegian Air eyes new Asian routes

Norwegian Air Chief Executive Bjørn Kjos has announced the budget airline would begin new routes to major Asian cities including Hong Kong and New Delhi from 2016. Kjos also launched three new US routes from London. Kjos announced the new routes at Sweden’s annual Almedalen Week, a major multi-party political gathering in Gotland. “It’s coming in […]

Minister defends Telenor’s ‘openness’ in Thailand

Norway’s Trade Minister Monica Mæland, who’s responsible for the state’s ownership interests in Norwegian companies, has defended the “openness” she expects from companies like Telenor, which recently got in trouble with Thailand’s new military regime for revealing that it was ordered to block Facebook access in the turbulent country. Telenor later had to publicly apologize […]

Telenor threatened by Thai junta

The military regime in Thailand threatened to investigate Telenor’s local operations after the company revealed it had been ordered to block access to social media during last month’s coup. The authorities denied they ordered the Facebook shut down, and claimed the page crashed due to unusually high activity. Norwegian telecommunications giant Telenor partly owns Thailand’s […]

Telenor slumps on Myanmar mobile phone deal

Investors didn’t seem to react well to news on Thursday that major Norwegian telecoms firm Telenor had succeeded in obtaining a license to provide mobile phone service in one of the world’s last mobile market frontiers, Myanmar (Burma). Telenor’s stock fell 1.4 percent on the Oslo Stock Exchange, and was only slightly recovering on Friday. […]

Foreign minister talks shop in India

Foreign Minister Børge Brende browsed souvenir stalls in New Delhi before getting down to more important business in the Indian capital on Monday. Brende is attending an Asia Europe Meeting (ASEM), a 51-country forum promoting dialogue between Asia and Europe. Regional issues, economic cooperation and bilateral talks will dominate the three-day conference. Later in the […]