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Norwegian Shuttle news

Norwegian Shuttle airline related news

Norwegian appreciates support from the Norwegian Government

Norwegian announced that the government of Norway has decided to support and contribute to the airline’s funding of new capital, pending certain conditions. This move significantly increases Norwegian’s chances of working through the crisis caused by the pandemic and to position itself as a key player within Norwegian and European aviation. “On behalf of everyone at Norwegian,...

Norwegian initiates a reorganization plan with its daughter companies

Following the government of Norway’s decision to withhold further support from the airline, and the ongoing COVID-19 pandemic, Norwegian Air Shuttle ASA has decided to initiate an examinership process in Ireland relating to its subsidiary Norwegian Air International Limited (NAI), its wholly-owned asset company Arctic Aviation Assets DAC (AAA) and some of AAA’s subsidiaries; Norwegian...

Norwegian third quarter results heavily impacted by COVID-19

Norwegian reported its third-quarter 2020 results. As anticipated, these were heavily impacted by the COVID-19 pandemic with a net loss of NOK 980 million. Norwegian carried approximately one million customers, a decrease of 91 percent compared to the same period last year showing a slight improvement on the previous Q2 decrease of 99 percent. Norwegian continued to successfully convert debt and i...

Norwegian is very disappointed about lack of government support

The government of Norway announced that Norwegian will not receive further financial support, which Norwegian had clearly communicated was necessary to maintain operations throughout the Covid-19 crisis. The company is now facing a very uncertain future, but we will do everything in our power to get through this crisis and to continue doing what Norwegian has been doing for almost 20 years: Ensuri...

Norwegian commits to reduce CO2 emissions by 45 percent by 2030

 Norwegian has launched a new environmental sustainability strategy that will begin immediately and deliver several industry leading targets. Cutting CO2 emissions by 45 percent, remove all non-recyclable plastics and recycle all single-use plastics are key commitments in the new strategy. The goal is in line with the 1.5°C target set forth in the Paris Agreement. Jacob Schra...

Norwegian August 2020 traffic figures heavily influenced by travel restrictions and drop in demand

Norwegian traffic figures for August are heavily influenced by the COVID-19 outbreak and the subsequent travel restrictions and drop in demand. In August, capacity was 94% lower than last year, while the flights that were operated had a load factor of 62.1%. From July 1 Norwegian reopened 76 routes and put an additional 15 aircraft into service, throughout the summer frequencies and routes...

Norwegian extended cooperation with Lufthansa Technik

Five more years of Total Base Maintenance Support (TBS®) for the Boeing 737NG! Norwegian Air Shuttle and Lufthansa Technik have extended their cooperation for the overhaul of the carrier's 90-aircraft Boeing 737NG fleet by another five years. The services are performed at Lufthansa Technik's location in Budapest, Hungary, within the framework of a Total Base Maintenance Suppo...

Norwegian achieves cost-reduction target

Norwegian reported its full year and fourth quarter 2019 results. Year on year, unit revenue increased in nine consecutive months, driven by maturing routes and the optimization of Norwegian's global route network. The punctuality has improved considerably during the past six quarters, and in the fourth quarter 2019 it was up 3.1 percentage points to 82.6 percent. Figures were negatively im...