The land above the Arctic Circle is an attractive destination for visitors from all over the globe. Tromsø, Norway, is famed for its midnight sun and the northern lights. These unique natural phenomenon attract adventurers from around the globe, seeking the challenges that the arctic offers and exploring the region’s scenic landscape of rugged coastlines, deep fjords, and towering mou...
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,...
Air Alliance Medflight experiences massive demand for safe transport of severely ill Covid-19 patients. Inside their jets is the isolation and transport system, EpiShuttle. Through both sandstorms and looming thunder, severely ill patients have been safely transported all over the world. Since Air Alliance Medflight procured EpiShuttle, the company has completed more than 30 flights to almost...
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...
Airbus Helicopters has delivered the first five-bladed H145 to the Norwegian Air Ambulance Foundation. This new version of its best-selling H145 light twin-engine helicopter brings a new, innovative five-bladed rotor to the multi-mission helicopter, increasing the useful load by 150 kg while delivering new levels of comfort, simplicity, and connectivity. It received certification from the European...
Helitrans of Norway has become the first customer to take delivery of new Airbus helicopters using the e-Delivery process devised to enable deliveries while ensuring compliance with COVID-19 health and safety restrictions. Trondheim-based Helitrans formally accepted the latest two H125s into its fleet following a series of actions that allowed all the requirements of the normal process to be me...
Norwegian confirms that the restructuring is completed and that the state loan guarantee of in total NOK 3 billion has been approved. The company has now converted NOK 12.7 billion of debt to equity and laid a solid foundation for the future, although the next months will remain challenging. “I want to thank everyone who has supported the company during this unprecedented crisis that has...
Due to the ongoing spread of the Coronavirus (COVID-19) most countries have advised against or have banned non-essential travel. The closure of borders and quarantine restrictions has effectively brought the entire airline industry to a halt. Consequently, almost all of Norwegian’s flight operations have been cancelled, while the costs for air crew remain. The pilots and cabin crew in Scandi...
Aero Norway has invested $1.5 million in a new state-of-the-art high speed grinder sustaining its position as a leading full service engine MRO. The purchase of this specialist machine will ensure stable and efficient turn-around times are maintained and that the services Aero Norway’s customers are being offered remain at the forefront of engine MRO technology capabilities. The...
Reference is made to the press release by the Norwegian Government on 19 March 2020 regarding the financial measures to support the Norwegian airline industry and the subsequent stock exchange notice from Norwegian Air Shuttle ASA (the “Company” or “Norwegian”). Norwegian is pleased to announce that two Nordic banks have obtained credit committee approval to provide a gu...
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...
Norwegian’s traffic figures for 2019 show that the company is delivering on its strategy of moving from growth to profitability. The planned capacity reduction and optimization of the route network have had a positive impact on the figures. In 2019, the capacity, in terms of seat kilometer, was 1 percent higher than the previous year; a little over the previously announced zero growth. More...
