Originally Posted by
Egg320
Not a very nice thing to say about your fellow pilots who are just supporting their families and causing absolutely no problems for you, your wage package or career at all.
it is not a flag of convenience carrier either. They are using an European Union AOC and American carriers due to open skies agreement can open bases in Europe if they so choose and fly point to point in Europe which EU carriers cannot do in the US.
Open skies allows EU carriers and US carriers to fly between any two points in Europe and the US and the agreement is actually more in the US carriers favour.
So this argument that they are a flag of convenience and causing job losses in the US and wage reduction is an absolute rubbish argument.
Its called competition and to wish your fellow pilots a failed career which results in their families suffering is pretty pathetic!
Sure, sure. Still flag of convenience.
To be clear: A flag-of-convenience airline is a carrier that is established in a country other than the home country of its majority owner(s) in order to avoid regulations of the home country. Flags of convenience are often used to decrease labor costs and undercut established markets.
If you think that Open Skies benefits US carriers more than European carriers, you don't know the first thing about how large the US air market is in comparison to Europe.
As for Norwegian, they're in worse financial shape than I initially thought.
They've had an interim CFO since last summer - never a good sign for a company.
They are now trying to sell aircraft that they subleased to an Asian carrier. And pretty much every asset that they have looks like it's up for sale.
They have an "Extraordinary General Meeting" on Friday 13 April (good date to choose
) to get a second, larger stock dilution approved.
https://www.norwegian.com/globalasse...of-the-egm.pdf
They're under investigation for accounting irregularities.
https://leehamnews.com/2018/03/07/no...ve-accounting/
They're adding 25 new aircraft in 2018, further draining liquidity. I'm expecting to see them cancel those deliveries if they're able - probably too late, since the aircraft have probably already had some airline specific options installed.
They're losing money running mid to high 70s load factors.
Their RASM is declining while CASM is increasing.
That's a whole lot of red flags.
As for the pilots that went to Norwegian, there were plenty of pilots on this forum who warned against going there. I wouldn't be surprised if a lot of them go fly for Avianca once Norwegian closes its doors.
Originally Posted by
Egg320
Legacies make money of their premium product and cargo so your argument does not hold water. As NAS has no business or first class they are not affecting your rates at a legacy.
Cool. You're totally clueless.
https://www.norwegian.com/us/travel-...premium-cabin/
Those tickets are priced to compete with business class.